Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChinaChina Gross Domestic Product QoQ fell to 0.9% in Q2 2026
FMPMonthlyReleased July 2026
China Gross Domestic Product QoQ fell to 0.9% in Q2 2026, released July 2026, down 0.4% from March's 1.3% reading. The reading matched the 0.9% consensus. The print is running well below the 12-month average of 1.18%. Gross Domestic Product QoQ is now the lowest in 15 months.
Latest Release
0.9
Actual
0.9
Consensus
1.3
Previous
Median Absolute Error
±0.2 percentage points
across last 5 releases
Last Call
Jul 2026
Predicted: 0.9
Actual: 0.9
Error: +0
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
Gross Domestic Product QoQ (China) was reported at 0.9% in July 2026. This matched the market consensus of 0.9% exactly. The reading fell from the previous value of 1.3%. Trailing 12-month context per ETL data through July 2026. This is classified as a medium-impact indicator released on a monthly basis.
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).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include S&P Global Manufacturing PMI (Aug 3) and S&P Global Services PMI (Aug 5).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
SHARE
Gross Domestic Product QoQ - CN
Loading chart data...
About Gross Domestic Product QoQ — China
DEFINITION
China's Gross Domestic Product QoQ for Q2 2026 came in at 0.900000%, matching estimates but down from Q1's 1.300000%. The slowdown from April-June compared to January-March signals a deceleration in economic growth momentum. Markets will watch for upcoming policy moves as growth softens amid global uncertainties. Updated 7/15/26
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 monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 0.9 %, consensus 0.9 %. Prior reading (Jan 2026): 1.3 %. Before that (Oct 2025): 1.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/CNY (Bullish CNY, r=-0.50) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - CN Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:30 | CN | NBS General PMI | 49.3 | 50.6 | 50.4 | 49.85 | Low |
| 01:30 | CN | NBS Non Manufacturing PMI | 49 | 50.2 | 50 | 49.50 | Medium |
| 01:30 | CN | NBS Manufacturing PMI | 49.2 | 50.3 | 50 | 49.60 | High |
| Monday, August 3, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 01:45 | CN | S&P Global Manufacturing PMI | 49 | 51.7 | 52 | 50.50 | High |