China’s Retail Sales rise 2.8% in January-February, Industrial Production up 6.3%
China’s Retail Sales rose 2.8% year-over-year (YoY) in January-February vs. 2.5% expected and 0.9% in December, the latest data released by the National Bureau of Statistics (NBS) showed Monday.
Chinese Industrial Production climbed 6.3% YoY in the same period, compared to the 5.1% forecast and 5.2% seen previously.
Meanwhile, the Fixed Asset Investment came in at 1.8% year-to-date (YTD) YoY in January-February, stronger than the expected -0.4% figure. The December reading was -3.8%.
AUD/USD reaction to Chinese data
The upbeat Chinese data dump have little to no impact on the Australian Dollar (AUD). At the time of writing, the AUD/USD pair is trading 0.44% higher on the day at 0.7011.
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