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- China’s GDP expands 4.8% YoY in Q1 2022 vs. 4.4% expected, AUD/USD uninspired
China’s GDP expands 4.8% YoY in Q1 2022 vs. 4.4% expected, AUD/USD uninspired
China's annualized GDP figures for the first quarter of 2022 arrived at % vs. 4.4% expected and 4.0% previous, with the QoQ reading coming in at 1.3% vs. 0.6% expected and 1.5% previous.
With regard to Retail Sales YoY for March, the number was -3.5% vs. -1.6% expected and 6.7% previous while Industrial Output YoY came in at 5.0% and 4.5% expected and 7.5% prior.
Meanwhile, the Fixed Asset Investment YoY stood at 9.3% vs 8.5% YTD (January to March) expected and 12.2% last.
Additional details
China March nationwide survey-based jobless rate at 5.8%.
China March survey-based jobless rate in 31 major cities at 6.0%.
China's economy created 2.85 mln new urban jobs in January-March.
Market reaction
The mixed data had little to no impact on the Australian Dollar, with the AUD/USD pair keeping its range near-daily lows of 0.7382.
The spot was last seen trading at 0.7387, down 0.16% on the day.
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