The stats people will be hard at work over the weekend in China again
Coming up due on Saturday, data for the month of November:
Industrial Production y/y
- expected is 5.7%, prior was 5.6%
Industrial production YTD y/y
- expected is 6.1%, prior was 6.1%
Fixed Assets (excluding rural) YTD y/y,
- expected is 10.1%, prior was 10.2%
Retail Sales y/y,
- expected is 11.1%, prior was 11.0%
Retail Sales YTD y/y,
- expected is 10.6%, prior was 10.6%
The risk for the AUD with these stems from disappointments. In the past data misses from China tend to have everyone thinking that's everything is cool, 'causewe'll get more China stimulus and hence buy AUD!
Well, expectations are already high for more China stimulus (Stan Chart expect further easing this month, for example), so maybe we don't see the typical knee jerk response if the data misses.
Any beat will be welcome as China data has been on the stinky side lately.
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While I'm on the subject of Chinese data, there may be other data out over the weekend also (there is no hard scheduled time for this, its due in the next few days).
