18 January 2021
Chris Scicluna
- China’s GDP grows 6.5%Y/Y in Q4, above market; IP much stronger than expected in December, but retail sales and capex fall short of expectations.
- Japan’s IP revised to a modest decline in November; Reuters Tankan points to improved manufacturing conditions in January, but service sector conditions weaken.
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15 January 2021
Chris Scicluna
- Japan’s service sector activity contracts unexpectedly in November.
- China’s home price inflation moderates; PBoC retains 1-mth MLF rate at 2.95%.
- UK GDP falls 2.6%M/M in November amid Covid-19 restrictions.
- Aussie housing loan approvals rise to record high; Kiwi house sales surge.
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14 January 2021
Chris Scicluna
- Japan’s core machine orders rise unexpectedly to a 9-month high in November; goods PPI lifted by higher fuel and metals prices; BoJ Regional Economic Report mixed.
- China’s trade surplus hits record high in December as both exports and imports beat expectations.
- Kiwi dwelling approvals increase to new record high November.
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13 January 2021
Chris Scicluna
- Japan’s machine tool orders up 8.7%Y/Y as foreign orders rebound.
- Chinese credit growth slows in December as the economy normalizes.
- Central bank signals improvement in French economy at end-2020.
- Future of Italian government still in balance.
- Australian job vacancies recover further to record high in Q4.
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12 January 2021
Chris Scicluna
- Japan’s Economy Watchers current conditions index declines sharply in December, but outlook index stabilizes; bank lending growth steady in December.
- Australian consumer confidence steady in early January, but attitudes to spending improve.
- BRC and Barclaycard data point to soft end to 2020 for UK retail sales.
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