menu search

ING on China: "Big beat in December activity data ... revising our GDP forecast higher"

ING on China:

ING response to China's data releases today, in brief:

  • China's retail sales data was much stronger than expected in December even though this strong growth came mainly from food and medicines. The message is clear. If retail sales in 4Q22 can be this good, then retail sales in 1Q23 should be even better.
  • With a stronger end to 2022 than we had expected, plus indications of stronger retail expenditure ahead, the outlook for GDP growth in 2023 has improved compared... Read More
Posted: Jan 17 2023, 04:27
Author Name: forexlive
Views: 102191

Search within

Pages Search Results: