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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChinaChina GDP Growth Rate YoY climbed to 4.5% in July 2026
FMPQuarterlyReleased October 2026
China GDP Growth Rate YoY climbed to 4.5% in July 2026, released October 2026, up 0.2% from June's 4.3% reading. The reading matched the 4.4% consensus. The print is running well below the 12-month average of 4.94%.
Latest Release
4.5
Actual
4.4
Consensus
4.3
Previous
Median Absolute Error
±0.1 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 4.4
Actual: 4.5
Error: -0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/CNY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| AUD/USD | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| Copper | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Rate YoY (China) was reported at 4.5% in October 2026. This beat the market consensus of 4.4% by 0.1%. The reading rose from the previous value of 4.3%. Trailing 12-month context per ETL data through October 2026. This is classified as a high-impact indicator released on a quarterly basis.
WHY IT MATTERS
The trailing three releases averaged 4.43%, down from the prior three at 5.13%. In October readings over the past 3 years, GDP Growth Rate YoY has averaged 4.63%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CNY (Bullish CNY). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.1%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NBS Non Manufacturing PMI (Oct 31) and NBS Manufacturing PMI (Oct 31).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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GDP Growth Rate YoY - CN
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About GDP Growth Rate YoY — China
DEFINITION
The GDP Growth Rate YoY (Year-over-Year) is a key economic indicator that measures the annual change in a country's Gross Domestic Product (GDP). It provides insight into the overall health and performance of an economy, as a higher growth rate indicates a stronger and more robust economy. This indicator is closely monitored by policymakers, investors, and businesses to make informed decisions and assess the current and future economic outlook. A positive GDP Growth Rate YoY is generally seen as a positive sign of economic growth and stability, while a negative growth rate may indicate a slowdown or recession.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 4.5 %, consensus 4.4 %. Prior reading (Apr 2026): 4.3 %. Before that (Jan 2026): 5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with USD/CNY (Bullish CNY, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - CN Events
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:45 | CN | S&P Global Manufacturing PMI | 52.1 | 51.6 | 51.30 | High | |