Analysts at Bloomberg have forecast China’s economic expansion may have accelerated in April ahead of official economic data release on Tuesday.
Factory output for the month is set to accelerate according to the survey, providing a rebuff of anticipations that trade tensions with the U.S. will weigh heavily on China’s manufacturing. Some indices, such as investment growth and retail sales, may slow slightly from the first quarter, with particular interest on the real estate market and signs of consumer confidence.
April data usually offers the year’s first gauge for economic performance without distorting effects of the Lunar New Year. Despite many analysts’ predictions of a slowdown coming in H2, sustained resilience in April could allow the market to relax amid growing threats to stability from trade and corporate debt.