Key Macroeconomic Indicators for Base Metal Prices (2016-1-19)

SHANGHAI, Jan. 19 (SMM) –Market will eye China’s Q4 GDP, December industrial value-added, retail sales and fixed asset investment on Tuesday. 

It is widely expected that China’s GDP will grow 6.9% in 2015. But Chinese Premier Li Keqiang said last Saturday that Chinese economy grew about 7% in 2015, with over 60% contributed by consumption.  

Moody's said Chinese economy will slow further in Q4 2015, citing slower industrial production, falling fixed asset investment and imports & exports. 

Germany’s CPI annual rate remained low in December 2015. Oil prices kept falling after the ECB decided December 3 to extend QE. Weak inflation is expected to leave room for the ECB to loosen monetary policy.