25 January 2021
Chris Scicluna
- Q4 GDP report and PCE deflator the focus later in a busy week for US data.
- In the euro area, Q4 GDP and January CPI data for some member states due later this week, with German inflation set to jump more than 1ppt. Labour market data the focus in the UK.
- Japan’s key economic reports all released on Friday: IP, labour market, housing starts, consumer confidence and Tokyo CPI.
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22 January 2021
Chris Scicluna
- Japan’s flash manufacturing PMI falls modestly in January but services PMI hits a 5-month low.
- Japan's annual CPI rate falls deeper into negative territory in December, while department store sales remain very weak as pandemic continues to lower footfall.
- UK retail sales post minimal growth in December despite easing of lockdown for much of last month.
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21 January 2021
Chris Scicluna
- BoJ retains key policy settings, extends a couple of fund-provisioning facilities, lowers FY20 growth forecast but slightly upgrades outlook for FY21 and FY22.
- BoJ Senior Loan Officer Survey points to mixed picture on loan demand; lending standards still easing but at a slower rate.
- Australian employment recovery continues in December, lowering unemployment rate to 6.6%.
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20 January 2021
Chris Scicluna
- Italy’s Conte survives Senate vote but support falls short of an outright majority; final December CPI figures ahead today in the euro area.
- China’s benchmark prime lending rates left unchanged, as expected.
- Australian consumer confidence recedes from 9-year high in January, likely due to virus news.
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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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