China: Upside surprise in activity data - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TDS suggest that China’s activity data on balance surprised to the upside as industrial Output grew by 7.2% between January and February compared to the same time last year - mkt was at +6.1%.

Key Quotes

“Fixed Asset Investment rose 7.9% also beating forecasts of +7%. Only retail sales missed the mark, but only just, coming in at +9.7% vs 9.8% forecast. The activity data released so far suggests China's industrial sector started 2018 on a strong footing.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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