China’s November Retail Sales YoY, slumped 5.9% vs. 3.6% expected and -0.5% previous while the country’s Industrial Production came in at 2.2% YoY vs. 3.6% estimated and 5.0% prior.
Meanwhile, the Fixed Asset Investment dropped to 5.3% YoY in November vs 5.6% expected and 5.8% last.
Market reaction
The Australian dollar remains unfazed by the downbeat Chinese data release. The AUD/USD pair is licking its wounds near 0.6850, down 0.25% on the day, as of writing.
