1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

China: 4Q and December activity growth largely in line with expectations – Goldman Sachs

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Delhi) – Research Team at Goldman Sachs, notes that the Chinese 4Q and December activity growth was largely in line with expectations.

    Key Quotes

    “With mission accomplished in terms of keeping 2015 growth near target, and sequential growth in November and December above target, we may enter a period of less intensive cyclical policy support. Sequential growth is likely to slow in 1Q this year.

    Key numbers:

    • Industrial production (IP): +5.9% yoy in December (GS forecast: + 5.9% yoy, Bloomberg consensus: +6.0%); November: +6.2% yoy.

    • Sequential IP growth (month-over-month annualized, after X-12 seasonal adjustment) +10.8%; November: +10.2%.

    • Retail sales: +11.1% yoy in December (GS: +11.0%, consensus: +11.3%); November: +11.2% yoy.

    • Fixed asset investment (FAI): +10.0% ytd yoy in December (GS: +10.2%, consensus: +10.2%); November ytd yoy: +10.2%. December single month yoy: +8.5% yoy vs. November +10.2% yoy.

    • Q4 GDP: 6.8% yoy (GS forecast: 6.9% yoy, consensus 6.9% yoy)”
    For more information, read our latest forex news.
     

Share This Page