Data due at 0200GMT from China:
Industrial Production y/y
- expected 6.4%, prior was 6.5%
industrial production YTD y/y
- expected 6.6%, prior was 6.7%
Fixed Assets (excluding rural) YTD y/y,
- expected 8.8%, prior was 8.9%
Retail Sales y/y,
- expected 10.7%, prior was 10.7%
Retail Sales YTD y/y,
- expected 10.3%, prior was 10.2%
I did a preview earlier here
And posted another from Capital Economics
Bank previews:
HSBC:
- We expect May FAI growth to have picked up 8.4% y-o-y compared with 8.1% y-o-y in April. This translates into growth of 8.7% y-o-y for the year to May. Despite the slower pace of restocking, we expect manufacturing investment growth to have picked up slightly y-o-y compared with April. Gradually improving external demand and manufacturing upgrades should continue to support manufacturing investment. Meanwhile, property investment is likely to have slowed marginally amidst tighter property market regulations and rising mortgage rates. Infrastructure investment is likely to have maintained its steady pace of growth.
- Industrial production growth likely grew by 6.4% y-o-y in May, moderating a touch from the 6.5% y-o-y growth seen in April. The latest PMI's indicate that the pace of restocking continued to slow, albeit at a gradual pace. We estimate that retail sales grew by 10.6% y-o-y in May compared to 10.7% April. Car sales growth likely remained soft, and sales of household durables and construction materials likely softened a touch as property sales moderated.
Barclays:
- We expect FAI growth to hold up at 8.9%, given still-solid import growth,
- and IP growth to edge down to 6.3%, as evidenced by a moderation in the official PMI output index.
- Retail sales growth is likely to decelerate slightly on an expected moderation in auto sales.