China’s Jan-Feb Retail Sales jump 3.5%, Industrial Output grows 2.4%

Dhwani Mehta FXStreet

China’s January-February Retail Sales YoY, jumped 3.5% vs. 3.5% expected and -1.8% previous while the country’s Industrial Production came in at 2.4% YoY vs. 2.7% estimated and 1.3% prior.

Meanwhile, the Fixed Asset Investment increased to 5.5% YTD YoY in January-February vs 4.5% expected and 5.1% last.

Market reaction

The Australian Dollar is finding some support from the mixed Chinese data release. The AUD/USD pair is looking to regain 0.6700, adding 0.18% on the day, as of writing.

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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