China’s October annual Retail Sales jump 7.6%, Industrial Production rise 4.6%
|China’s October Retail Sales, jump 7.6% YoY versus 7.0% expected and 5.5% previous, the latest data published by the National Bureau of Statistics (NBS) showed Wednesday.
Furthermore, the country’s Industrial Production came in at 4.6% YoY vs. 4.5% estimated and September’s 4.5%. The Fixed Asset Investment dropped by 2.9% YTD YoY in October vs 3.1% expected and 3.1% reported in September.
Market reaction
The Australian Dollar attracts some buyers following the Chinese data release. The AUD/USD pair is losing 0.19% on the day to trade at 0.6493, as of writing.
(This story was corrected on November 15 at 06:50 GMT to say that China Retail Sales data was for October, not August.)
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