China Industrial Output March 2025 surges to +7.7% y/y (expected 5.8%, prior +5.9%)

Forex Short News

Solid data this.

Both retail sales and industrial output have surprised to the topside.

The obvious caveat is that the Q1 GDP data (see below) and the economic activity data for March both pre-date the huge increase in tariffs from Trump that will weigh on the Chinese economy going forward. China is expcected to boost stimulus to improve domestic consumption but the loss of a major expoirt marekt like the US will leave a hole in th external sector that will be difficult to fill.

We also had the GDP data:

This article was written by Eamonn Sheridan at www.forexlive.com.