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17th of November 2018

Forex



China's economy is 'walking a tightrope' as key data signals remain mixed @ Forex Factory

From businessinsider.com.au

The data deluge out of China today was a mixed bag. Retail sales and industrial production both beat expectations, but growth in fixed asset investment fell to a record low of 5.2% for the eight months to August. As Commsec senior economist Ryan Felsman highlighted, “China is Australia’s largest trading partner, so economic activity in the world’s second largest economy matters”. Markets are keep a closer eye on key trends, to try and gauge the extent to which ongoing trade tensions with the US are having on China’s economic performance. In view of that, the August prints for retail sales (+9% y/y, against 8.8% forecast) and industrial ... (full story)

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