Friday, October 16, 2015

China’s GDP to steal the limelight in coming week – Deutsche Bank

FXStreet (Delhi) – Research Team at Deutsche Bank, expect the release of Chinese GDP numbers at the centre stage of the Asian macro releases even though we have other important data coming out as well.

Key Quotes

“We begin next week with China’s GDP release which should rise at 7.0% in Q3, unchanged from Q2, thereafter rebounding to 7.2% in Q4 as improvement in official PMI, land sales and reduction in property down payment ratio to 25% provide an upside to growth in the last quarter of the year.”

“Other important data releases for China include industrial production (IP), Fixed Assets Investment (FAI) and retail sales; we expect IP (6.4% in Sep vs. 6.1% in Aug) to rise at a faster pace while FAI (10.9%) and retail sales (10.8%) will likely rise at the same pace.”
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