Economic growth data from China for quarter 1 2021 (January - March inclusive)
0.6% q/q (seasonally adjusted)
expected +1.4% (SA), prior was +3.2%, revised higher from +2.6%
18.3% y/y ... record high y/y growth (back to 1992 at least) benefitting for the base effect of a very poor Q1 2020 due to the pandemic impact on the country
expected +18.5% y/y, prior +6.5%
A miss for growth, not as strong as was the central estimate. Still, China's economic recovery remains on track.
Activity data for March 2021 was released at the same time:
