China October data - retail sales fall y/y, industrial production up

Chinese economic activity data for October 2022. Both sales and output missed expectations.

October retail sales fell y/y. They last fell back in May when Shanghai was locked down. Rolling COVID restrictions and a collapsing property market were negative influences on this data for October. Yesterday I posted on moves from Chinese authorities to address COVID and property woes and boost the economy:

• ForexLive Asia-Pacific FX news wrap: What. A. Day. Yen, yuan, crypto all moving.

Other data released included:

Surveyed Jobless Rate 5.5% y/y

• expected 5.5%, prior 5.5%

Property Investment YTD -8.8% y/y

• expected -8.3%, prior -8.0%

Fixed Assets Ex-Rural +5.8% YTD y/y, also a miss

• expected 5.9%, prior prev 5.9%

eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term