SMM6: the Information Office of the State Council held a press conference today to invite Fu Linghui, spokesman of the National Bureau of Statistics, to introduce the operation of the national economy in May 2020 and answer reporters' questions.
In terms of data,
The annual rate of retail sales of consumer goods in China in May (%), China is Australia's largest exporter, the quality of China's economy will have a great impact on Australian exports, and then affect the Australian economy. Foreign exchange investors judge the Australian economy and the Australian dollar based on Chinese data.
The annual rate of industrial added value of China from January to May is-YTD (%), and corporate profits have increased, indicating that China's economy is gaining momentum. As Australia's largest trading partner, the acceleration of China's economy is beneficial to Australian exports and is most useful to the Australian economy, thus good for the Australian dollar.
China's annual rate of urban fixed asset investment from January to May-YTD (%), China is Australia's largest exporter, the quality of China's economy will have a great impact on Australian exports, and then affect the Australian economy. Foreign exchange investors judge the Australian economy and the Australian dollar based on Chinese data.
After the quarterly adjustment of the euro zone in April, the trade account (100 million euros), foreign trade is one of the main factors to promote the economic growth of the euro zone, so it has considerable forecasting ability to the economy.
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