China’s Oct data dump: Retail Sales miss estimates with 4.3%, Industrial Production rises 6.9%

Dhwani Mehta FXStreet

China’s October Retail Sales YoY, the number arrived at +4.3% vs. +5.0% exp and +3.3% last, with Industrial Output YoY at +6.9% and +6.5% exp and +6.9% last.

Meanwhile, Fixed Asset Investment YoY stood at +1.8% vs. +1.6% expected and +0.8% last.

Additional details

China Oct nationwide survey-based jobless rate at 5.3%.

China Oct survey-based jobless rate in 31 major cities at 5.3%.

China's economy created 10.09 mln jobs in Jan-Oct.

Impact on AUD/USD

The mixed Chinese macro numbers served, failed to have any impact on the aussie dollar. The AUD/USD pair remains on the bid around 0.7295 on the data release, up 0.34% on the day.

China’s NBS: Economy maintained steady recovery in October

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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