China’s Retail Sales rise 2.8% in January-February, Industrial Production up 6.3%

China’s Retail Sales rose 2.8% year-over-year (YoY) in January-February vs. 2.5% expected and 0.9% in December, the latest data released by the National Bureau of Statistics (NBS) showed Monday.

Chinese Industrial Production climbed 6.3% YoY in the same period, compared to the 5.1% forecast and 5.2% seen previously.

Meanwhile, the Fixed Asset Investment came in at 1.8% year-to-date (YTD) YoY in January-February, stronger than the expected -0.4% figure. The December reading was -3.8%.

AUD/USD reaction to Chinese data

The upbeat Chinese data dump have little to no impact on the Australian Dollar (AUD). At the time of writing, the AUD/USD pair is trading 0.44% higher on the day at 0.7011.