China February activity data: IP, retail sales, asset investment out now

Author: Eamonn Sheridan | Category: News

Industrial production, retail sales and fixed asset investment (excl rural)

  • (January - February combined) Industrial production +5.3% y/y (vs. +5.6% expected)
  • (January - February combined) Retail sales +8.2% (expected +8.2%
  • (January - February combined) Fixed asset investment +6.1% (expected +6.1%)
Combining Jan and Feb works towards removing the seasonal distortions evident in these two months' data (moveable lunar new year dates).

From the details, 
  • property development investment up 11.6% y/y

NBS accompanying remarks:
  • China economy generally steady in Jan-Feb
  • Economy faces external uncertainties
  • Downward pressure still exists
The AUD had traded lower in the lead up to the data, its barely off itsw (small range) session low:

china activity data and the AUD

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