Monitor CH New Loans to gauge economic confidence and spending trends. Key for market forecasts.
There is a positive correlation between borrowing and spending; typically, consumers and businesses seek credit when they have confidence in their future financial outlook and are inclined to spend money.
What it Measures
The measure reflects the total value of new yuan-denominated loans extended to consumers and businesses over the previous month.
Usual Effect
A higher 'actual' value compared to 'forecast' is favorable for the currency.
Source & Frequency
People's Bank of China (latest release) - http://www.pbc.gov.cn/english/index.html • This data is released monthly, approximately 13 days following the end of the month.
How Data is Derived
N/A
Also Known As
New Yuan Loans
Acronym
N/A