China's GDP Q2 grows above estimates

FXStreet (Bali) - China's GDP figures for the second quarter of 2014 came above/below expectations, printing +2% vs +1.8% exp and 1.4% previous, with the annual reading for Q2 coming at +7.5% vs +7.4% exp and +7.4% last.

With regards to retail sales, the number was in line with expectations, standing at 12.4%, with industrial output and urban investment coming at 9.2% and 17.3% vs expectations of 9% and 17.2% respectively. The data served as a minor bullish input for the interest of the Aussie.