H1 GDP stronger than expectation at 11.1% – exp 10.5% after last 11.9%
CPI YoY +2.9% exp 3.3% after last 3.1%
Fixed Asset Investment YTD 25.5% ….exp 25.2% last 25.9%
Industrial Production YoY +13.7% exp15.2% last 16.5%
PPI YoY +6.4% exp 6.8% after last 7.1%
CB Leading Index MoM….. last 0.3%
Retail Sales YoY lower at +18.3% exp 18.8% last 18.7%
AUD/USD jumps 25 pips to 0.8820 and AUD/JPY 35 pips to 77.90 – clearly the market had taken the lower expectation to heart
