- Analytics
- News and Tools
- Market News
- China’s Jan-Feb Retail Sales jump 6.7%, Industrial Output leaps 7.5% – big beat
China’s Jan-Feb Retail Sales jump 6.7%, Industrial Output leaps 7.5% – big beat
China’s February Retail Sales YoY, arrived at 6.7% vs. 3.0% expected and 1.7% previous while Industrial Output YoY came in at 7.5% and 3.9% exp and 4.3% prior.
Meanwhile, the Fixed Asset Investment YoY leaps to 12.2% vs 5.0% expected and 4.9% last.
Additional details
China's economy created 1.63 mln new urban jobs in Jan-Feb.
China daily crude oil throughput in Jan-Feb hit lowest level since dec 2020.
China Jan-Feb private sector fixed-asset investment +11.4% YoY.
Market reaction
The Australian dollar cheers the big beat on the Chinese data, with the AUD/USD pair rebounding towards 0.7200. At the time of writing, the spot is trading at 0.7180, still down 0.10% on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
