China’s Jan-Feb Retail Sales jump 3.5%, Industrial Output grows 2.4%
|China’s January-February Retail Sales YoY, jumped 3.5% vs. 3.5% expected and -1.8% previous while the country’s Industrial Production came in at 2.4% YoY vs. 2.7% estimated and 1.3% prior.
Meanwhile, the Fixed Asset Investment increased to 5.5% YTD YoY in January-February vs 4.5% expected and 5.1% last.
Market reaction
The Australian Dollar is finding some support from the mixed Chinese data release. The AUD/USD pair is looking to regain 0.6700, adding 0.18% on the day, as of writing.
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