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- China’s GDP expands 6.3% YoY in Q2 vs. 7.3% expected
China’s GDP expands 6.3% YoY in Q2 vs. 7.3% expected
According to the latest data published by the National Bureau of Statistics (NBS) on Thursday, the Chinese economy grew 6.3% annually in the second quarter of this year, compared with a 4.5% growth seen in the first quarter while missing the 7.3% increase expected.
On a quarterly basis, China’s Gross Domestic Product (GDP) expanded 0.8% in Q2 vs. 0.5% expected and 2.2% previous.
China’s June Retail Sales YoY, rose 3.1% vs. +3.2% expected and +12.7% previous while the country’s Industrial Production came in at 4.4% YoY vs. 2.7% forecasts and 3.5% prior.
Meanwhile, the Fixed Asset Investment increased 3.8% YTD YoY in June vs 3.5% expected and 4.0% last.
Market reaction
The Australian Dollar is unperturbed by the mixed Chinese data releases, as AUD/USD is keeping its downside intact. The AUD/USD pair is losing 0.20% on the day to trade at 0.6819, as of writing.
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