M2 Money Stock (YoY) (Jan)
Event Data
| Metric | Value |
|---|---|
| Actual | 12.6% ↑ |
| Forecast | 11.6% |
| Previous | 11.8% |
Analysis
The actual value of 12.6% exceeded the forecast of 11.6%, indicating positive economic performance. This can strengthen the CNY currency and may lead to increased investor confidence in China's economy.
M2 Money Stock (YoY) (Jan) is an important economic indicator for China. This data is closely monitored by traders, investors, and policymakers to assess the health of the economy and make informed decisions. Regular monitoring of such indicators helps market participants anticipate central bank policy changes and economic trends.
Frequently Asked Questions
What is M2 Money Stock (YoY) (Jan)?
M2 Money Stock (YoY) (Jan) is an economic indicator released by China that measures important aspects of the economy. This data is closely monitored by traders, investors, and policymakers to gauge economic health and make informed decisions.
Why is this event important?
This event has Low importance for financial markets. It provides valuable insights into the economic conditions of China.
How did the actual value compare to forecasts?
The actual value (12.6%) exceeded the forecast (11.6%), which is generally viewed as a positive sign for the economy. This can strengthen the CNY currency.
When was this data released?
This economic data was released on October 2, 2023 at 09:03 UTC. Economic calendars help traders plan around these releases to manage risk and capitalize on market movements.
