China’s Jan-Feb data dump: Retail Sales and Industrial Output beat estimates

Dhwani Mehta FXStreet

China’s January-February Retail Sales YoY, the number arrived at 33.8% vs. +32.0% exp and +4.6% last, with Industrial Production YoY at +35.1% and +30.0% exp and +7.3% last.

Meanwhile, Fixed Asset Investment YoY stood at 35.0% vs. +40.0% expected and +2.9% last.

Additional details

China Feb nationwide survey-based jobless rate at 5.5%.

China Jan nationwide survey-based jobless rate at 5.4%.

China Jan-Feb property investment +38.3% YoY.

China Jan-Feb new construction starts +64.3% YoY.

Impact on AUD/USD

The mixed Chinese macro numbers served, failed to impress the aussie dollar bulls. The AUD/USD pair trades flat around 0.7760 on the data release.

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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