China’s August Retail Sales and Industrial Output surprise positively

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China’s August Retail Sales YoY, unexpectedly jumped to 5.4% vs. 3.5% expected and 2.7% previous while Industrial Production YoY came in at 4.2% and 3.8% estimated and 3.8% prior.

Meanwhile, the Fixed Asset Investment YoY rises to 5.8% in August vs 5.5% expected and 5.7% last.

Earlier on, the House Price Index dropped 1.3% YoY in August when compared to a 0.9% decline seen in July. The monthly slump in prices was recorded at 0.29%.

The Australian dollar remains unfazed by the release of the unexpectedly strong Chinese data. The AUD/USD pair is holding steady on the day at 0.6700, as of writing.

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