China?s Industrial Production

China's Industrial Production came in above expectations, even as a global slowdown in consumer demand seems to be hampering other countries indicators.?However once again, as we have mentioned in the past?we will evaluate?China's data readings with a grain of salt.?Inflation readings from the PPI?also?came in above expectations. Risk currencies enjoyed the release with the Euro popping above the 1.44 handle and the Aussie moved above the 1.06 level. The details of the release are as follows:

• Industrial Production (YoY) - Survey:13.1%?? Actual:13.3%?? Prior:13.4%
• Producer Price Index (YoY) - Survey:6.5%?? Actual:6.8%?? Prior:6.8%
• Consumer Price Index (YoY) - Survey:5.5%?? Actual:5.5%?? Prior:5.3%
• Retail Sales (YoY) - Survey:17.0%?? Actual:16.9%?? Prior:17.1%

Source: http://www.ibtimes.com/blogs/articles/27542/20110613/chinaindustrial-production.htm

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