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21 Oct 2014
China’s surge in output smashes expectations
FXStreet (Barcelona) - China reported a surge in output in the Industrial Production numbers.
Industrial output is released by the National Bureau of Statistics of China came in at 8.0% vs 7.5% expected and was far greater than 6.9% last year for the month of September. This will be regarded as a surprise to markets given the recent actions in respect to its fiscal policy from the People’s Bank of China who have tightened twice already and have been adding liquidity into 20 of the banks of China to the tune of 700b Yuan this year.
Industrial output is released by the National Bureau of Statistics of China came in at 8.0% vs 7.5% expected and was far greater than 6.9% last year for the month of September. This will be regarded as a surprise to markets given the recent actions in respect to its fiscal policy from the People’s Bank of China who have tightened twice already and have been adding liquidity into 20 of the banks of China to the tune of 700b Yuan this year.