China’s GDP steadies at +6.4% y/y in Q1, industrial output jumps 8.5% y/y (Aussie bounces)
China's YoY GDP figures for the first quarter of 2019 came at +6.4% vs. +6.3% exp and +6.4% previous, with the QoQ reading for Q1 coming in at +1.4% vs. +1.4% exp and +1.5% last.
With regards to retail sales YoY, the number arrived at +8.7% vs. +8.4% exp and +8.2% last, with industrial output YoY at +8.5% and +5.9% exp and +5.3% last. Meanwhile, urban investment YoY stood at +6.3% vs. +6.3% expected and +6.1% last.
The solid data served had a positive impact on the Australian Dollar, driving the AUD/USD pair back towards the 0.72 handle, with AUD/JPY regained 80.50 levels.
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.
