China’s August data dump: Industrial production rises 4.4%, surprises negatively (Aussie lower)

Dhwani Mehta FXStreet

China’s August retail sales YoY, the number arrived at +7.5% vs. +7.9% exp and +7.6% last, with industrial output YoY at +4.4% and +5.2% exp and +4.8 last. China's industrial production growth skidded to its weakest pace in 17 years and a half in August

Meanwhile, urban investment YoY stood at +5.5% vs. +5.6% expected and +5.7% last.

The downbeat data served had a negative impact on the Australian Dollar, driving the AUD/USD pair a few pips lower to near 0.6870 region.

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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