China: Upside surprise in activity data - TDS

Analysts at TDS suggest that China’s activity data on balance surprised to the upside as industrial Output grew by 7.2% between January and February compared to the same time last year - mkt was at +6.1%.

Key Quotes

“Fixed Asset Investment rose 7.9% also beating forecasts of +7%. Only retail sales missed the mark, but only just, coming in at +9.7% vs 9.8% forecast. The activity data released so far suggests China's industrial sector started 2018 on a strong footing.”