China Jan-Feb data dump: Retail sales rise 8.2%, industrial output drop 5.3%
|China’s retail sales YoY, the number came in at 8.2% vs. 8.1% exp and 8.2% last, with industrial output YoY at 5.3% and 5.5% exp and 5.7% last.
Meanwhile, urban investment YoY increased 6.1% vs. 6.0% expected and 5.9% last, the latest release by the National Bureau of Statistics (NBS) showed on Thursday.
It’s worth noting that there was no January data as the National Bureau of Statistics (NBS) combines readings for the first two months of each year due to the Lunar New Year holiday, when factories and businesses across the country shut down.
Mixed Chinese macro numbers add to the weight on the Australian Dollar, knocking-off the AUD/USD pair to fresh lows near the 0.7070 region while AUD/JPY remains capped below the 79 handle.
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