China’s October Retail Sales and Industrial Output disappoint
|China’s October Retail Sales YoY, declined sharply to -0.5% vs. 1.0% expected and 2.5% previous while Industrial Production YoY came in at 5.0% and 5.2% estimated and 6.3% prior.
Meanwhile, the Fixed Asset Investment YoY eased to 5.8% in October vs 5.9% expected and 5.9% last.
Market reaction
The Australian dollar remains little changed on the release of the discouraging Chinese data. The AUD/USD pair is holding steady on the day at 0.6695, as of writing.
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