China’s GDP sees a record expansion of 18.3% YoY in Q4 2020 vs 18.9% expected, AUD/USD unfazed
|China's annualized GDP figures for the fourth quarter of 2020 arrived at 18.3% vs. 18.9% exp and 6.5% previous, with the QoQ reading coming in at 0.6% vs. 1.5% exp and 2.6% last.
With regard to retail sales YoY, the number was 34.2% vs. 28.0% exp and 33.8% previous, with industrial output YoY at 14.1% and 17.2% exp and 35.1% prior.
Meanwhile, the fixed asset investment YoY stood at 25.6% vs 25.3% expected and 35.0% last.
Additional details
Q1 2021 GDP +10.3% from Q1 2019.
Revises Q4 2019 GDP to 3.2% QoQ vs. 2.6% QoQ.
Nationwide survey-based jobless rate at 5.3%.
March survey-based jobless rate in 31 major cities at 5.3%.
Economy created 2.97 million jobs in Jan-March.
Market reaction
The mixed data had a limited impact on the Australian Dollar, with the AUD/USD pair maintaining the offered tone near 0.7735 levels while AUD/JPY keeps its range near 84.15.
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.