China’s Nov data dump: Retail Sales miss estimates with 5.0%, Industrial Production steadies at 2.6%

Dhwani Mehta FXStreet

China’s November Retail Sales YoY, the number arrived at 5.0% vs. +5.2% exp and +4.3% last, with Industrial Output YoY at +7.0% and +7.0% exp and +6.9% last.

Meanwhile, Fixed Asset Investment YoY stood at 2.6% vs. +2.6% expected and +1.8% last.

Additional details

China Jan-Nov private sector fixed-asset investment +0.2% YoY.

China Jan-Nov infrastructure investment +1.0% YoY.

China Nov nationwide survey-based jobless rate at 5.2%.

China Nov survey-based jobless rate in 31 major cities at 5.2%.

China's economy created 10.99 million jobs in Jan-Nov.

Impact on AUD/USD

The mixed Chinese macro numbers served, failed to impress the aussie dollar bulls. The AUD/USD pair trades better bid around 0.7535 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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