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13 Apr 2015
China Q1 GDP to print a below 7% figure - Nomura
FXStreet (Barcelona) - Previewing the key data releases ahead in the week in China, Wendy Chen, Research Analyst at Nomura, forecast 6.9% y-o-y Q1 GDP growth, the first reading below 7% since the 2008 crisis.
Key Quotes
“We expect real GDP growth to slow to 6.9% y-o-y in Q1, as growth momentum continued to slow.”
“For March, we expect industrial production growth to slow further to 6.6% y-o-y from 6.8% in January-February, reflecting severe overcapacity in upstream sectors and continued weak demand; unchanged fixed asset investment growth at 13.9% y-o-y (ytd); and retail sales to rebound seasonally.”
“On the trade data, we expect export growth to slow after a surge in February and the imports contraction to narrow.”
Key Quotes
“We expect real GDP growth to slow to 6.9% y-o-y in Q1, as growth momentum continued to slow.”
“For March, we expect industrial production growth to slow further to 6.6% y-o-y from 6.8% in January-February, reflecting severe overcapacity in upstream sectors and continued weak demand; unchanged fixed asset investment growth at 13.9% y-o-y (ytd); and retail sales to rebound seasonally.”
“On the trade data, we expect export growth to slow after a surge in February and the imports contraction to narrow.”