Chinese manufacturing activity rises as expected in Jan- Caixin PMI

[ad_1]– China’s manufacturing sector grew as expected in January, a private survey showed on Thursday, with local manufacturers continuing to see growth in new orders and output amid a mild improvement in demand.  The rose 50.8 in January as expected, keeping its pace of growth steady from the prior month. A reading above 50 … Read more

U.S. core PCE price index rises by 0.2% month-on-month

[ad_1] — rose by 0.2% as expected in December, a rate that, if sustained, many economists believe could help cool inflation back down to the Federal Reserve’s target. When compared to the year-ago period, the so-called “core” personal consumption expenditures price index, which excludes volatile items like food and fuel, increased by 2.9% last … Read more

Tokyo CPI inflation falls more than expected to 22-month low in January

[ad_1]– Consumer price index inflation in Japan’s capital fell more than expected in January, falling below the 2% level for the first time in 20 months, although a bulk of the decline was driven by government measures to curb utility prices. , which excludes volatile fresh food prices, grew an annualized 1.6% in January- … Read more

New Zealand CPI inflation eases as expected in Q4, still above RBNZ target

[ad_1]– New Zealand consumer inflation grew at a slower pace in the December quarter, meeting expectations as high interest rates continued to deter spending, although the print still remained well above the Reserve Bank’s target range. (CPI) inflation rose 0.5% quarter-on-quarter, slowing from the 1.8% growth seen in the prior quarter, data from Statistics … Read more

Japan CPI inflation falls as expected in Dec, points to ultra-dovish BOJ

[ad_1]– Japanese consumer inflation eased as expected in December, furthering bets that the Bank of Japan will keep its ultra-dovish policy largely unchanged when it meets in the coming week. (CPI) inflation, which disregards volatile fresh food prices, rose an annualized 2.3% as expected in December, data from the Statistics Bureau showed on Friday. … Read more

Australia jobs unexpectedly shrink in Dec, labor market still seen tight

[ad_1]– Australia’s labor market unexpectedly shrank in December with the participation rate falling from record highs, although low unemployment and relatively high participation still pointed to resilience in the sector. The fell by 65,100, data from the Australian Bureau of Statistics showed on Thursday. The figure was weaker than expectations for a rise of … Read more

China Q4 GDP grows less than expected at 5.2%, beats 2023 target

[ad_1]– China’s economy grew slightly less than expected in the fourth quarter amid consistent pressure from weak spending and a property market decline, although growth for 2023 managed to just edge past government targets. grew 5.2% year-on-year in the three months to December 31, data from the National Bureau of Statistics showed on Wednesday. … Read more

Australia consumer sentiment worsens in Jan- Westpac

[ad_1]– Australian consumer sentiment deteriorated in early-January, a private survey showed on Tuesday, as signs of sticky inflation kept respondents on edge over more interest rate hikes and lower household savings. The fell 1.3% in early-January to 81 points, moving back towards COVID-era lows and largely reversing an improvement seen in December. An elevated … Read more

China’s trade balance grows more than expected in Dec as exports improve

[ad_1]– China’s trade balance grew more than expected in December, aided by an outsized rise in exports as foreign demand improved, while the country’s imports continued to lag.  China’s grew to $75.34 billion in December, data from the Customs Bureau showed on Friday. The reading was higher than expectations for a surplus of $74.75 … Read more