China’s May Retail Sales, rose 3.7% YoY vs. 3.0% expected and April’s 2.3% while the country’s Industrial Production increased 5.6% YoY in the same period vs. 6.0% forecast and 6.7% recorded previously. The National Bureau of Statistics (NBS) published the official data on Monday.
Meanwhile, the Fixed Asset Investment rose 4.0% YTD YoY in May, compared to the 4.2% figure anticipated and 4.2% in April.
Additional takeaways
China May nationwide survey-based jobless rate at 5.0%.
China May survey-based jobless rate in 31 major cities at 4.9%.
China Jan-May property investment -10.1% YoY.
China Jan-May new construction starts -24.2% YoY.
Market reaction to Chinese data
The mixed Chinese data dump keeps the downward pressure intact on the Australian Dollar, with AUD/USD refreshing intraday lows near 0.6600. The pair is down 0.17% on the day, as of writing.
