Chinese manufacturing activity shrinks in October- Caixin PMI

[ad_1]– Chinese manufacturing activity unexpectedly contracted in October, a private survey showed on Wednesday, pointing to broad declines in the sector after a government survey also showed a similar reading earlier this week.  The (PMI) read 49.5 in October, missing expectations of 50.8 and falling from the 50.6 seen in the prior month. A … Read more

China manufacturing PMI shrinks in Oct, services growth slows

[ad_1]– Chinese manufacturing activity unexpectedly shrank in October, while non-manufacturing activity grew at a slower pace as domestic businesses faced continued pressure from worsening local and overseas demand.  The (PMI) read 49.5 in October, according to data from the National Bureau of Statistics. The reading was lower than expectations that growth would remain steady … Read more

Australia retail sales surge past expectations in September

[ad_1]– Australian retail sales grew much more than expected in September, tracking a strong start to spring shopping and feeding into expectations that inflation will remain elevated in the coming months.   grew 0.9% in September from the prior month, data from the Australian Bureau of Statistics (ABS) showed on Monday. The reading was well … Read more

Tokyo CPI inflation up more than expected in Oct as BOJ meeting looms

[ad_1]– Inflation in Japan’s capital grew more than expected in October, coming just a few days before a Bank of Japan meeting where investors expect more signals on a potential pivot away from its ultra-dovish policy.  (CPI) inflation- which excludes volatile fresh food prices- grew 2.7% at an annualized pace in October, data from … Read more

Australia Q3 CPI inflation beats expectations, RBA hike in focus

[ad_1]– Australian consumer inflation edged past expectations in the third quarter as a recent spike in oil prices factored into higher fuel costs, feeding bets that the Reserve Bank will have more cause to hike interest rates.  (CPI) inflation grew 1.2% in the third quarter from the prior quarter, data from the Australian Bureau … Read more

Australian jobs grow less than expected in Sept as labor market cools

[ad_1]– Australia’s jobs market grew less than expected in September, while the participation rate also unexpectedly fell as the labor market now appeared to be cooling as the effects of higher interest rates were baked into the economy. The grew by 6,700 in September, data from the Australian Bureau of Statistics (ABS) showed on … Read more

New Zealand CPI inflation eases in Q3, less hiking pressure on RBNZ

[ad_1]– New Zealand consumer inflation grew less than expected in the third quarter on softer import prices, taking more pressure off the Reserve Bank to raise interest rates further this year. in the 12 months to September grew 5.6%, data from Statistics New Zealand showed on Tuesday. The reading was lower than expectations of … Read more

U.S. economy adds 336,000 jobs in September

[ad_1] — The U.S. economy added far more jobs in September than expected, while the unemployment rate and wage growth held steady, pointing to lingering tightness in the labor market at the end of the third quarter. increased by 336,000 last month, the Labor Department said in its closely-monitored employment report on Friday, well above … Read more

U.S. private sector adds just 89,000 jobs in September: ADP

[ad_1] — The U.S. private sector added far smaller-than-forecast 89,000 jobs in September, according to a report by payrolls processor ADP (NASDAQ:) on Wednesday, in what was the slowest pace of growth since January 2021, when private employers shed jobs. Economists had expected the private sector to have added jobs last month. August’s figure … Read more