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Stock impact report

Yuan Weakens After 'Unbalanced' Chinese Economy Sees GDP Beat In Q1 But Domestic Consumption, Production Disappoint [zero hedge]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: zero hedge
Yuan Weakens After 'Unbalanced' Chinese Economy Sees GDP Beat In Q1 But Domestic Consumption, Production Disappoint China’s economic growth beat expectations in Q1, rising +5.3% YoY - considerably stronger than the +4.8% consensus, and inching ahead of Q4's +5.2% YoY growth. Source: Bloomberg Notably, that this is the first time the market compares two periods of economic growth without China'z Zero-COVID policy's impact, and overall , as we detail below, economic activity data in March overall missed expectations . Industrial production rose 4.5% in March from a year earlier (below economists’ forecast of 6%). Industrial output rose 6.1% for the first quarter ( below the 7.0% in February). Retail sales climbed 3.1% , also disappointing (versus an expected 4.8% gain) - domestic consumption is still weak amid deflation pressure and after imports shrank during the month. Investment flows were mixed with Property investment continuing to slide (down 9.5%, worst since December, and consid Show less Read more
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