China’s economy grew at an annual rate of 5.2% in the final quarter of 2023 when compared to the 4.9% expansion in the third quarter, the official data released by the National Bureau of Statistics (NBS) showed on Wednesday. The market estimated an expansion of 5.3% in the reported period.
On a quarterly basis, Chinese Gross Domestic Product (GDP) climbed by 1.0% in Q3 vs. 1.0% expected and 1.3% booked previously.
China’s December Retail Sales YoY, rose 7.4% vs. 8.0% expected and 10.1% prior while the country’s Industrial Production came in at 6.8% YoY vs. 6.6% forecasts and November’s 6.6%.
Meanwhile, the Fixed Asset Investment increased 3.0% YTD YoY in December vs 2.9% expected and 2.9% last.
AUD/USD reaction to China’s data dump
Mixed Chinese data fail to move the needle around the Australian Dollar. AUD/USD is meandering near intraday lows below 0.6600, up 0.06% on the day.
Australian Dollar price today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.01% | 0.01% | -0.02% | -0.03% | 0.01% | -0.13% | -0.03% | |
| EUR | -0.01% | -0.01% | -0.03% | -0.03% | 0.01% | -0.12% | -0.03% | |
| GBP | 0.00% | 0.00% | -0.04% | -0.04% | -0.05% | -0.14% | -0.04% | |
| CAD | 0.03% | 0.03% | 0.03% | -0.03% | 0.03% | -0.10% | -0.02% | |
| AUD | 0.03% | 0.03% | 0.04% | 0.00% | 0.04% | -0.10% | 0.00% | |
| JPY | 0.01% | 0.00% | 0.03% | -0.01% | 0.00% | -0.11% | -0.04% | |
| NZD | 0.13% | 0.13% | 0.13% | 0.10% | 0.10% | 0.13% | 0.10% | |
| CHF | 0.03% | 0.04% | 0.04% | 0.01% | 0.00% | 0.04% | -0.10% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Source: https://www.fxstreet.com/news/chinas-gdp-expands-52-yoy-in-q4-vs-53-expected-202401170201