Expect a rebound in Chinese data - Capital Economics

FXStreet (Bali) - Chang Liu, Economist at Capital Economic, is expecting growth in both Chinese industrial production and investment data to have rebounded in April.

Key Quotes

"We suspect that the unusually late timing of Chinese New Year is partly to blame for the weakness in March activity data."

"Given that this drag should have faded in April, we are expecting growth in both industrial production and investment data to have rebounded."

"Admittedly, imports data for April came in weaker than expected. But the latest weakness was largely due to falls in commodity prices."

"We expect retail sales growth to have rebounded in April too as New Year distortions faded."