Key economic indicators from China for March 2024. Plenty of misses here, not a good report.
Urban Jobless Rate 5.2%
- expected 5.2%, prior 5.3%
Property Investment YTD -9.5% y/y
- expected -9.2%, prior -9.0%
Residential Property Sales YTD -30.7% y/y
- prior -32.7%
Industrial Production YTD +6.1% y/y
- expected 6.0%, prior 7.0%
Retail Sales YTD +4.70% y/y
- prior +5.50%
AUD/USD is not doing a real lot in response. It had fallen earlier with US dollar strength and had a minor lift, just a handful of tics, on intervention in the yuan. But its back near lows now.
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A press conference from China's National Bureau of Statistics (NBS) will follow soon.
