China’s April Retail Sales rise 18.4%, Industrial Output increases 5.6%
|China’s April Retail Sales YoY, jumped 18.4% vs. 21.0% expected and 10.6% previous while the country’s Industrial Production came in at 5.6% YoY vs. 10.9% estimated and 3.9% prior.
Meanwhile, the Fixed Asset Investment increased 4.7% YTD YoY in April vs 5.5% expected and 5.1% last.
Additional takeaways
China April nationwide survey-based jobless rate at 5.2%.
China April survey-based jobless rate in 31 major cities at 5.5%.
China April survey-based jobless rate for 16-24 years old at 20.4%, a record high.
China Jan-April private sector fixed-asset investment +0.4% YoY.
China Jan-April infrastructure investment +8.5% YoY.
Market reaction
The Australian Dollar has come under renewed selling pressure after the downbeat Chinese data release. The AUD/USD pair is losing 0.27% on the day to trade at 0.6681, as of writing.
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