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German retail sales fall sharply

Chris Scicluna
Emily Nicol
  • MoF corporate survey reports a solid 3.2%Q/Q lift in capex in Q2.
  • Japan’s manufacturing PMI revised up.
  • China’s Caixin manufacturing PMI falls in August – below consensus.
  • UK house prices post surprisingly strong gain.

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Japanese IP remains weak in July, but employment rises

Chris Scicluna
Emily Nicol
  • Japanese IP declined in July but by less than expected and was forecast to rise sharply in August. Unemploymnet also unexpectedly fell as employment rebounded.
  • China's official PMIs fall as virus curbs weigh.
  • Euro area flash inflation expected to jump in August.

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Japanese retail sales rise further in July

Chris Scicluna
Emily Nicol
  • Japan’s retail sales rise a further 1.1%M/M in July, driven by increased spending on fuel.
  • Euro area flash inflation and US payrolls report take pride of place on a busy week for top-tier releases. 

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Tokyo CPI inflation remains close to zero

Chris Scicluna
  • China’s industrial profit growth slows in July.
  • French consumers a touch less upbeat in August.
  • Jay Powell’s speech to the Jackson Hole symposium the clear focus in the US.
  • Aussie retail sales slump in July.

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Japan’s services PPI increases due to base effects

Emily Nicol
  • German consumer and French business surveys signal easing in confidence.
  • UK car production fell sharply in July.

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