Chinese June activity data & Q2 GDP due today (GDP expected to be inflated by base impact)

<p>The Chinese data release is scheduled for 0200 GMT on Monday, 17 July 2023 </p><ul><li>this is 10pm US Eastern time on Sunday, 16 July </li></ul><p>Expectations for June 'activity' data are subdued, reflecting the weak economic recovery China is experiencing. The y/y GDP is showing an impressive 7.7% expected. The thing about this is that the good number expected is mainly due to the base impact of very poor growth for the equivalent perion of 2022. Keep your eyes on the q/q data instead, a half a per cent growth from Q1 is all that is expected. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.