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.

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