China’s July macro data preview5 August, 2012, 22:33. Posted by Zarathustra
Most major Chinese macro data for July will be published later this week.
The July macro data dump will start with consumer price index and producer price index. Consensus is looking for further decrease of inflationary pressure (or further increase of deflationary pressure). Meanwhile, as the consensus is currently expecting the stimulus to come through, growth of industrial production and fixed-assets investments are expected to pick up slightly on the back, although retail sales is expected to remain weak in July. The market is also expecting exports growth to fall, but imports growth to pick up.
Meanwhile, the market expects money supply growth to remain stable, while new loans will decrease from the quarter-end rush in June.