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



ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose