China Data This Week Takes Economy's Pulse -- Market Talk

Dow Jones04-15

0653 GMT - A string of China data this week will take the pulse of the economy as views diverge on how the recovery is going. Economists at DBS expect 1Q GDP growth at 4.3% on year, aided by better consumer sentiment and the bottoming out of the regional electronics downcycle. They see retail sales growth slowing mildly to 5.1% in March from 5.5% in January-February, largely as the same period last year got a postpandemic boost, DBS's Taimur Baig and Nathan Chow write in a note. Industrial production growth is tipped to fall to 5.6% from 7.0% over the period on softer trade. However, exports still grew 1.5% on year in 1Q as external demand improved. The data releases are due Tuesday. (fabiana.negrinochoa@wsj.com)

 

(END) Dow Jones Newswires

April 15, 2024 02:53 ET (06:53 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment