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China CNY

China M2 Money Supply YoY

Impact:
Low

Latest Release:

Date:
Surprise:
0.7%
Actual:
8%
Forecast: 7.3%
Previous/Revision:
7%
Period: Apr

Next Release:

Date:
Forecast: 8.2%
Period: May
What Does It Measure?
The China M2 Money Supply YoY measures the annual growth rate of the broad money supply, which includes currency in circulation and various types of deposits held by the public. This indicator assesses liquidity in the economy and serves as a key gauge for inflationary pressures and overall economic health.
Frequency
The M2 Money Supply YoY is released on a monthly basis and typically includes a revision of the previous month's figures, being published around the 10th of each month.
Why Do Traders Care?
Traders pay close attention to the M2 Money Supply YoY as it can signal shifts in monetary policy, influence inflation expectations, and affect currency valuations. A higher-than-expected increase can lead to bullish sentiment in equities and currencies, while lower-than-expected growth might generate bearish responses.
What Is It Derived From?
The M2 Money Supply is derived from national banking statistics, which involve data collection from financial institutions and government sources. It includes calculations of total currency, demand deposits, and short-term time deposits, often utilizing a weighted approach to reflect the importance of each component.
Description
Preliminary data for the M2 Money Supply is released based on early estimates, while the final data provides a more comprehensive and confirmed figure, released at a later date. The YoY reporting method is chosen to establish long-term trends in liquidity and inflation, allowing traders to interpret economic performance without seasonal distortions, making it the preferred measure for this event.
Additional Notes
The M2 Money Supply YoY is considered a leading economic indicator as it provides insights into future spending and investment patterns. It is often analyzed alongside other indicators like GDP growth and CPI (Consumer Price Index) to ascertain the overall health of the economy.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for CNY, Bullish for Stocks. Lower than expected: Bearish for CNY, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
8%
7.3%
7%
0.7%
7%
7.1%
7%
-0.1%
7%
7%
7%
7%
7.2%
7.3%
-0.2%
7.3%
7.3%
7.1%
7.1%
7.6%
7.5%
-0.5%
7.5%
6.9%
6.8%
0.6%
6.8%
6.4%
6.3%
0.4%
6.3%
6.2%
6.3%
0.1%
6.3%
6.1%
6.2%
0.2%
6.2%
6.9%
7%
-0.7%
7%
7.5%
7.2%
-0.5%
7.2%
8.3%
8.3%
-1.1%
8.3%
8.7%
8.7%
-0.4%
8.7%
8.8%
8.7%
-0.1%
8.7%
9.3%
9.7%
-0.6%
9.7%
10.1%
10%
-0.4%
10%
10.1%
10.3%
-0.1%
10.3%
10.3%
10.3%
10.3%
10.7%
10.6%
-0.4%
10.6%
10.7%
10.7%
-0.1%
10.7%
11%
11.3%
-0.3%
11.3%
11.2%
11.6%
0.1%
11.6%
12.1%
12.4%
-0.5%
12.4%
12.5%
12.7%
-0.1%
12.7%
12.7%
12.9%
12.9%
12.5%
12.6%
0.4%
12.6%
11.6%
11.8%
1%
11.8%
12.2%
12.4%
-0.4%
12.4%
11.7%
11.8%
0.7%
11.8%
12%
12.1%
-0.2%
12.1%
12.1%
12.2%
12.2%
12.1%
12%
0.1%
12%
11.4%
11.4%
0.6%
11.4%
11%
11.1%
0.4%
11.1%
10.4%
10.5%
0.7%
10.5%
9.9%
9.7%
0.6%
9.7%
9.2%
9.2%
0.5%
9.2%
9.5%
9.8%
-0.3%
9.8%
9.2%
9%
0.6%
9%
8.7%
8.5%
0.3%
8.5%
8.7%
8.7%
-0.2%
8.7%
8.3%
8.3%
0.4%
8.3%
8.1%
8.2%
0.2%
8.2%
8.4%
8.3%
-0.2%
8.3%
8.7%
8.6%
-0.4%
8.6%
8.2%
8.3%
0.4%
8.3%
8.1%
8.1%
0.2%
8.1%
9.3%
9.4%
-1.2%
9.4%
9.6%
10.1%
-0.2%
10.1%
9.4%
9.4%
0.7%
9.4%
10%
10.1%
-0.6%
10.1%
10.5%
10.7%
-0.4%
10.7%
10.5%
10.5%
0.2%
10.5%
10.9%
10.9%
-0.4%
10.9%
10.4%
10.4%
0.5%
10.4%
10.7%
10.7%
-0.3%
10.7%
11.1%
11.1%
-0.4%
11.1%
11.1%
11.1%
11.1%
11.3%
11.1%
-0.2%
11.1%
10.2%
10.1%
0.9%
10.1%
8.8%
8.8%
1.3%
8.8%
8.5%
8.4%
0.3%
8.4%
8.6%
8.7%
-0.2%
8.7%
8.3%
8.2%
0.4%
8.2%
8.4%
8.4%
-0.2%
8.4%
8.4%
8.4%
8.4%
8.2%
8.2%
0.2%
8.2%
8.1%
8.1%
0.1%
8.1%
8.4%
8.5%
-0.3%
8.5%
8.6%
8.5%
-0.1%
8.5%
8.6%
8.5%
-0.1%
8.5%
8.5%
8.6%
8.6%
8.2%
8%
0.4%
8%
8.4%
8.4%
-0.4%
8.4%
8.2%
8.1%
0.2%
8.1%
8.2%
8%
-0.1%
8%
8%
8%
8%
8.4%
8.3%
-0.4%
8.3%
8.3%
8.2%
8.2%
8.5%
8.5%
-0.3%
8.5%
8.2%
8%
0.3%
8%
8.5%
8.3%
-0.5%
8.3%
8.5%
8.3%
-0.2%
8.3%
8.5%
8.2%
-0.2%
8.2%
8.9%
8.8%
-0.7%
8.8%
8.7%
8.6%
0.1%
8.6%
8.4%
8.2%
0.2%
8.2%
9.1%
9.1%
-0.9%
9.1%
8.9%
8.8%
0.2%
8.8%
9.2%
9.2%
-0.4%
9.2%
8.9%
8.9%
0.3%
8.9%
9.1%
9.2%
-0.2%
9.2%
9.4%
9.4%
-0.2%
9.4%
9.5%
9.6%
-0.1%
9.6%
10.4%
10.5%
-0.8%
10.5%
10.8%
10.6%
-0.3%
10.6%
11.1%
11.1%
-0.5%
11.1%
11.4%
11.3%
-0.3%
11.3%
11.3%
11.3%
11.3%
9.1%
11.4%
2.2%
11.4%
11.5%
11.6%
-0.1%
11.6%
11.4%
11.5%
0.2%
11.5%
11.6%
11.4%
-0.1%
11.4%
10.3%
10.2%
1.1%
10.2%
11.2%
11.8%
-1%
11.8%
11.5%
11.8%
0.3%
11.8%
12.5%
12.8%
-0.7%
12.8%
13.5%
13.4%
-0.7%
13.4%
13.5%
13.3%
-0.1%
13.3%
13.8%
14%
-0.5%
14%
13.4%
13.3%
0.6%
13.3%
13.5%
13.7%
-0.2%