China’s January-February Retail Sales rise 4%, Industrial Production up 5.9%
Source Fxstreet
China’s January-February Retail Sales increased by 4% year-over-year (YoY) vs. 4% expected and 3.7% in December, the latest data released by the National Bureau of Statistics (NBS) showed Monday.
Chinese Industrial Production rose 5.9% YoY in the same period, compared to the 5.3% forecast and the 6.2% booked previously.
Meanwhile, the Fixed Asset Investment came in at 4.1% year-to-date (YTD) YoY in January-February, beating the expected 3.6% figure. The December reading was 3.2%.
AUD/USD reaction to Chinese data
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