China CNY

China House Price Index YoY

Impact:
Medium

Latest Release:

Date:
Surprise:
0.3%
| CNY
Actual:
-4%
Forecast: -4.3%
Previous/Revision:
-4.5%
Period: Apr

Next Release:

Date:
Forecast: -4.3%
Period: May
What Does It Measure?
The China House Price Index (HPI) YoY specifically measures the year-on-year change in residential property prices across various cities in China, focusing on the health of the real estate market. This indicator assesses vital components such as price fluctuations, housing demand, and overall market sentiment, which are crucial for understanding inflation pressures and consumer behavior in the housing sector.
Frequency
The China House Price Index is released on a monthly basis, with the report providing both preliminary and final figures, typically published around the end of each month.
Why Do Traders Care?
Traders monitor the China HPI closely as it directly influences investor confidence, affects currency valuations, and reflects broader economic conditions, thus impacting markets significantly. A higher-than-expected index might indicate strong demand and support for the Chinese yuan, while weaker data could result in bearish sentiment towards domestic equities.
What Is It Derived From?
The China HPI is derived from a comprehensive survey of property transactions across major cities, involving data from real estate agents, developers, and buyers regarding price changes. It utilizes a weighted average approach to ensure that various city markets and property types are proportionately represented in the overall index.
Description
Preliminary reports of the China House Price Index are based on early estimates and can undergo revisions in later reports to reflect more accurate data, which may lead to significant market reactions. The index utilizes year-over-year (YoY) reporting, allowing traders to capture long-term trends and structural changes in the housing market, thus filtering out seasonal fluctuations.
Additional Notes
The China HPI serves as a leading economic indicator, often providing insights into consumer confidence and future spending trends, which can influence broader economic conditions not just in China but globally. It is also compared against other indicators like GDP growth and retail sales to gauge the overall economic stability in the region.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for CNY, Bullish 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
-4%
-4.3%
-4.5%
0.3%
-4.5%
-4.4%
-4.8%
-0.1%
-4.8%
-4.7%
-5%
-0.1%
-5%
-5%
-5.3%
-5.3%
-5.8%
-5.7%
0.5%
-5.7%
-6%
-5.9%
0.3%
-5.9%
-5.8%
-5.8%
-0.1%
-5.7%
0.4%
-5.3%
-6.1%
-5.3%
-5%
-4.9%
-0.3%
-4.9%
-5%
-4.5%
0.1%
-4.5%
-4.1%
-3.9%
-0.4%
-3.9%
-3.5%
-3.1%
-0.4%
-3.1%
-3%
-2.2%
-0.1%
-2.2%
-0.2%
-1.4%
-2%
-1.4%
-0.3%
-0.7%
-1.1%
-0.7%
-0.7%
-0.4%
-0.4%
-0.4%
-0.2%
-0.2%
-0.2%
-0.1%
-0.1%
-0.2%
-0.1%
0.1%
-0.1%
0.1%
-0.1%
-0.2%
-0.1%
0%
-0.1%
-0.1%
-0.1%
0.3%
0%
-0.4%
0%
0.5%
0.1%
-0.5%
0.1%
0.5%
-0.2%
-0.4%
-0.2%
-0.2%
-0.8%
-0.8%
-1%
-1.2%
0.2%
-1.2%
-0.4%
-1.5%
-0.8%
-1.5%
-1.3%
-1.5%
-0.2%
-1.5%
-2%
-1.6%
0.5%
-1.6%
-1.8%
-1.6%
0.2%
-1.6%
-1.9%
-1.5%
0.3%
-1.5%
-1.5%
-1.3%
-1.3%
-1.2%
-0.9%
-0.1%
-0.9%
-0.8%
-0.5%
-0.1%
-0.5%
-0.5%
-0.1%
-0.1%
0.5%
0.7%
-0.6%
0.7%
1.7%
1.5%
-1%
1.5%
1.9%
2%
-0.4%
2%
2.2%
2.3%
-0.2%
2.3%
2.3%
2.6%
2.6%
3%
3%
3.4%
3.4%
-0.4%
3.4%
3.6%
3.8%
-0.2%
3.8%
4%
4.2%
-0.2%
4.2%
4.6%
4.6%
-0.4%
4.6%
4.5%
4.7%
0.1%
4.7%
4.9%
4.9%
-0.2%
4.9%
5.1%
4.8%
-0.2%
4.8%
4.8%
4.6%
4.6%
4.4%
4.3%
0.2%
4.3%
4.1%
3.9%
0.2%
3.9%
3.5%
3.8%
0.4%
3.8%
3.8%
4%
4%
4.1%
4.3%
-0.1%
4.3%
4.4%
4.6%
-0.1%
4.6%
4.7%
4.8%
-0.1%
4.8%
4.8%
4.8%
4.8%
5%
4.9%
-0.2%
4.9%
5%
4.9%
-0.1%
4.9%
4.9%
5.1%
5.1%
4.8%
5.3%
0.3%
5.3%
5.2%
5.8%
0.1%
5.8%
5.5%
6.3%
0.3%
6.3%
6.5%
6.6%
-0.2%
6.6%
7.2%
7.1%
-0.6%
7.1%
7.5%
7.8%
-0.4%
7.8%
8.5%
8.4%
-0.7%
8.4%
8.7%
8.8%
-0.3%
8.8%
9%
9.7%
-0.2%
9.7%
11%
10.3%
-1.3%
10.3%
11.1%
10.7%
-0.8%
10.7%
11%
10.7%
-0.3%
10.7%
11.1%
10.6%
-0.4%
10.6%
11.4%
10.4%
-0.8%
10.4%
10.5%
10%
-0.1%
10%
9.4%
9.7%
0.6%
9.7%
8.1%
9.3%
1.6%
9.3%
8.9%
8.6%
0.4%
8.6%
8%
7.9%
0.6%
7.9%
6.9%
7%
1%
7%
4.8%
5.8%
2.2%
5.8%
5%
5%
0.8%
5%
4.7%
4.7%
0.3%
4.7%
4.4%
4.7%
0.3%
4.7%
4.5%
4.9%
0.2%
4.9%
4.7%
5.2%
0.2%
5.2%
4.9%
5%
0.3%
5%
5.3%
5.3%
5%
5.1%
0.3%
5.1%
5.1%
5.4%
5.4%
6.1%
6.3%
-0.7%
6.3%
8.2%
8.3%
-1.9%
8.3%
9.5%
9.7%
-1.2%
9.7%
10%
10.2%
-0.3%
10.2%
10%
10.4%
0.2%
10.4%
10.1%
10.7%
0.3%
10.7%
11.3%
11.3%
11.8%
11.8%
12%
12.2%
-0.2%
12.2%
12.1%
12.4%
0.1%
12.4%
12.8%
12.6%
-0.4%
12.6%
9.9%
12.3%
2.7%
12.3%
10%
11.2%
2.3%
11.2%
8.3%
9.2%
2.9%
9.2%
8.1%
7.9%
1.1%
7.9%
6%
7.3%
1.9%
7.3%
6.8%
6.9%
0.5%
6.9%
5.9%
6.2%
1%
6.2%
4.5%
4.9%
1.7%
4.9%
3.5%
3.6%
1.4%
3.6%
2.5%
2.5%
1.1%
2.5%
1.6%
1.6%
0.9%
1.6%
0.9%
0.9%
0.2%
0.1%
0.7%
0.1%
-0.2%
-0.9%
0.3%
-0.9%
-2.4%
-2.3%
1.5%
-2.3%
-3.7%
-3.7%
-4.9%
-4.9%
-5.7%
-5.7%
-6.1%
-6.1%
-6.1%