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China's Industrial Production rose by 5.4%

Monday, Mar 14 2016
Value-added industrial output in China rose ​5.4​% in the January-February period from a year earlier, slowing from 5.9% growth in December, data from the National Bureau of Statistics showed​ on Saturday​. Industrial production, a rough proxy for economic growth, undershot a median 5.6% growth forecast by 17 economists polled by The Wall Street Journal.
The government releases combined figures for January and February to reduce distortions from the timing of the Lunar New Year, which can fall in either month. Fixed-asset investment in non-rural areas of China climbed ​10.2​% from a year ago in the first two months, compared with an increase of 10% for all of 2015.
 
The rise in the closely watched indicator of construction activity exceeded economists' median forecast for a 9.5% gain. Retail sales, one of the few bright spots for China's economy in recent months, grew only 10.2% in January-February period from the same time last year, slowing from an 11.1% increase in December and missing economists' median forecast of an 11.0% rise. ​
 
Aussie is currently being traded around 0.75 area. Pair is likely to find support around 0.75 handle and resistance above 0.7650 level. There will be no major data releases in the rest of the session.
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