China August data dump: Retail sales rise to 9.0%, industrial output a tad firmer at 6.1%

Dhwani Mehta FXStreet

China’s August retail sales YoY, the number came in at 9.0% vs 8.8% exp and 8.8% last, with industrial output YoY at 6.1% and 6.0% exp and 6.0% last. Meanwhile, urban investment YoY dropped to a new record low of 5.3% vs 5.5% expected and 5.5% last, the latest release by the National Bureau of Statistics (NBS) showed on Friday.

The private sector fixed-asset investment rose 8.7% in January-August versus an increase of 8.8% in the first seven months.

Mixed Chinese macro numbers had little effect on the Australian Dollar, keeping the AUD/USD pair on the offers near the 0.7270 region, while AUD/JPY wavers around the 80.40 level.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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