
At 04:00 (GMT+2), China will release March retail sales data – a measure that tracks the volume of all goods sold by retailers each month, based on a sample of stores of different types and sizes. It is the primary indicator of consumer spending, which influences the Gross Domestic Product (GDP). On an annualised basis, it is likely to decline from 2.8% to 2.5%, which may exert pressure on the Chinese yuan.

