China’s Retail Sales rose 2.3% YoY in April from 3.1% in March, worse than the 3.8% expected.
China ’sRetail Salesrose 2.3% YoY in April from 3.1% in March, worse than the 3.8% expected. The nation’s Industrial Production improved 6.7% YoY in the same period versus 5.5% anticipated and 4.5% recorded previously.Theofficial datawas publishedby theNational Bureau of Statistics on Friday. Meanwhile, the Fixed Asset Investment rose 4.2% YTD YoY in April versus the 4.6% expected and 4.5% seen in March.
The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive. How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar .
Retailsales Industrialproduction Macroeconomics
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