- FAMILIES OF DECEASED SEAL TEAM 6 MEMBERS ARE MAKING SERIOUS ALLEGATIONS AGAINST THE GOVERNMENTPosted 9 days ago
- European Commission to Criminalize Nearly all Seeds and Plants not Registered with GovernmentPosted 10 days ago
- After the Tragedy in Boston, More Government Surveillance is Not the AnswerPosted 11 days ago
- Video: Obama To Ohio State Grads-Reject Voices That Warn About Government TyrannyPosted 11 days ago
- AMERICANS FEAR GOVERNMENT MORE THAN TERRORPosted 18 days ago
- The Art of Catching Government False Flags in Real TimePosted 19 days ago
- SECRET GOVERNMENT DOCUMENTS REVEAL VACCINES TO BE A TOTAL HOAXPosted 24 days ago
- WIKILEAKS: THE GOVERNMENT IS SPYING ON YOU THROUGH YOUR IPHONEPosted 34 days ago
- Poll: Close to 1 in 3 Americans Believe in World Government and a New World OrderPosted 44 days ago
- US Government Sued For Pesticides Killing Millions Of BeesPosted 52 days ago
Here’s What To Expect From Tonight’s Massive Chinese Data Dump (FXI)
China is looking at two days of crucial data releases that should give investors a better idea of the extent of the Chinese slowdown.
Between August 9 – 10, China will be out with consumer price, producer price, industrial production, fixed asset investment (FAI), retail sales, trade balance, and import and export data.
Here’s what to expect from the first data dump out tonight:
Societe Generale’s Wei Yao
Consumer prices should decline again, easing to 1.7 percent in July. Food prices have been increasing since early July.
“Although still far too early to call it a full-fledged rebound in broad inflationary pressures, the recent surge in global food prices, if it persists throughout the summer, will push CPI back above 3% yoy in Q4, setting a much higher hurdle for aggressive monetary easing.”
Bank of America’s Ting Lu
Consumer inflation is expected to fall to 1.7 percent YoY in July. Food inflation should be down 0.3 percent month-over-month (MoM), while non-food inflation should be flat or slightly lower, since services prices should have held up despite a decline in raw material prices.
Producer prices are expected to decline 0.3 percent month-over-month (MoM), and 2.4 percent year-over-year (YoY) in July as companies continue to de-stock in sectors where demand is lower than what they can supply.
Producer prices should fall to 2.6 percent YoY in July and 0.6 percent MoM because of a slump in global commodity prices and fuel price cuts in May and June.
Chinese industrial production is expected to climb 9.7 percent YoY in July and if the number were to match Yao’s forecast it would reiterate her call for a “slow bottoming” in the second half of the year.
Industrial production should be up 9.9 percent but a significant jump might only surface in the coming months. This is because the impact of policy easing measures will only come through with a lag, and because of weather conditions since the first half of July was extremely hot, while ths second half saw rainstorms and floods.
Fixed Asset Investments (FAI)
Total FAI growth is expected rise to 23 percent YoY and year-to-date (Ytd) FAI growth is expected to rise 20.9 percent YoY. China’s recent railway investments are expected to be the biggest reasons for this growth. Property investment isn’t however expected to gather pace.
Year-to-date FAI should rise 20.4 percent YoY, while FAI in the month of July should ease to 20.4 percent YoY, from 21.2 percent in June. Government measures to support the economy since early May have helped drive FAI.
Nominal retail sales are expected decline marginally to 13.5 percent YoY in July, from 13.7 percent in June.
Headline retail sales are expected to decline to 13.5 percent year-over-year, while inflation adjusted retail sales are expected to stay flat at 12 percent YoY.
Don’t Miss: China Is Experiencing A Profitless Growth >