China’s October retail sales data matches market expectations

FXStreet (Mumbai) – After China’s weak October export and consumer-price reports, the FAI, retail sales and industrial production data was released today.

Retail sales in China rose 11.0 per cent on-year in October, a little higher than September’s 10.9 per cent jump.

The industrial production grew 5.6 per cent year-over-year in October, below September’s 5.70 per cent level and the expected 5.8 per cent by economists polled by Reuters.

China’s fixed-asset investment (FAI) increased 10.2 per cent in the January-October period compared with the year-earlier period, in line with expectations. It remained below the 10.3 percent gain recorded in the January-September period.

After China’s weak October export and consumer-price reports, the FAI, retail sales and industrial production data was released today.

(Market News Provided by FXstreet)