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.
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.
