China’s GDP grows 4.9% YoY in Q3 2021 vs. 5.2% expected, AUD/USD unfazed
China's annualized GDP figures for the third quarter of 2021 arrived at 4.9% vs. 5.2% expected and 7.9% previous, with the QoQ reading coming in at 0.2% vs. 0.5% expected and 1.3% last.
With regard to Retail Sales YoY, the number was 4.4% vs. 3.3% exp and 2.5% previous while Industrial Output YoY came in at 3.1% and 4.5% exp and 5.3% prior.
Meanwhile, the Fixed Asset Investment YoY stood at 7.3% vs 7.9% expected and 8.9% last.
Additional details
China Jan-Sept GDP +9.8% YoY.
China Sept power generation up 4.9% y/y at 675.1 bln KWH.
Market reaction
The mixed data had a limited impact on the Australian Dollar, with the AUD/USD pair keeping its recovery mode intact from daily lows of 0.7409
The spot was last seen trading at 0.7418, still down 0.07% on the day.
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.
