China's Retail Sales, Industrial Data Soundly Beat Expectations

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China's Retail Sales, Industrial Data Soundly Beat Expectations
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The data releases combine the two months of January and February as is the Chinese statistics bureau custom to avoid distortions from the Lunar New Year holiday.

China reported Tuesday better-than-expected growth in retail sales, fixed asset investment and industrial production to start the year.

Retail sales grew by 6.7% year-on-year, topping expectations of analysts polled by Reuters for growth of 3% from a year ago. The data releases combine the two months of January and February as is the Chinese statistics bureau custom to avoid distortions from the Lunar New Year holiday, which can fall in either month depending on the year.

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