China’s Jan-Feb data dump: Retail Sales and Industrial Output beat estimates
|China’s January-February Retail Sales YoY, the number arrived at 33.8% vs. +32.0% exp and +4.6% last, with Industrial Production YoY at +35.1% and +30.0% exp and +7.3% last.
Meanwhile, Fixed Asset Investment YoY stood at 35.0% vs. +40.0% expected and +2.9% last.
Additional details
China Feb nationwide survey-based jobless rate at 5.5%.
China Jan nationwide survey-based jobless rate at 5.4%.
China Jan-Feb property investment +38.3% YoY.
China Jan-Feb new construction starts +64.3% YoY.
Impact on AUD/USD
The mixed Chinese macro numbers served, failed to impress the aussie dollar bulls. The AUD/USD pair trades flat around 0.7760 on the data release.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.