Global Analysis from the European Perspective. Preparing for the world of tomorrow

China’s economic activity data soars a year after lockdown

  • Industrial production jumped 35.1% in the January-February period from a year earlier, compared with a median estimate of 32.2% in a Bloomberg survey of economists.
  • Retail sales climbed 33.8% in the period, versus a forecast of 32%.
  • Fixed-asset investment rose 35%, well below a projection of 40.9%.
  • The jobless rate was 5.5% at the end of February, up from 5.2% in December.
  • The CSI 300 Index pared an earlier loss of as much as 1.5% after the data dump to trade 0.8% lower as of 10:25 a.m. in Shanghai.
  • The yuan was little changed in both onshore and offshore markets. Source Japan Times

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