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:
