- China’s August annual Retail Sales rise 4.6%, Industrial Production jumps 4.5% – a big beat
Noticias del mercado
15 septiembre 2023
China’s August annual Retail Sales rise 4.6%, Industrial Production jumps 4.5% – a big beat
The latest data published by the National Bureau of Statistics (NBS) showed Friday, China’s August Retail Sales , rose 4.6% YoY vs. 3.0% expected and 2.5% previous while the country’s Industrial Production came in at 4.5% YoY vs. 3.9% estimated and July’s 3.7%.
Meanwhile, the Fixed Asset Investment increased 3.2% YTD YoY in August vs 3.3% expected and 3.4% reported in July.
Additional takeaways
China Jan-Aug private sector fixed-asset investment -0.7% YoY.
China Jan-Aug infrastructure investment +6.4% YoY.
China Jan-Aug property investment -8.8% YoY.
Market reaction
The Australian Dollar is cheering the encouraging Chinese data release, as AUD/USD is keeping its recovery momentum intact. The AUD/USD pair is adding 0.35% on the day to trade at 0.6463, as of writing.
Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerAbrir cuenta demo y página personal