China’s GDP eases to +6.2% y/y in Q2, retail sales jumps 9.8% y/y (Aussie keeps highs)

China's YoY GDP figures for the second quarter of 2019 came at +6.2% vs. +6.2% exp and +6.4% previous, with the QoQ reading for Q2 coming in at +1.6% vs. +1.5% exp and +1.4% last. 

With regards to retail sales YoY, the number arrived at +9.8% vs. +8.3% exp and +8.6% last, with industrial output YoY at +6.3% and +5.2% exp and +5.0% last. Meanwhile, urban investment YoY stood at +5.8% vs. +5.5% expected and +5.6% last. 

The upbeat data served had a positive impact on the Australian Dollar, keeping the AUD/USD pair near multi-day tops of 0.7026.