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China's Manufacturing PMI at the higest level since August

The Caixin China General Manufacturing Purchasing Managers’ Index rose to 51.5 in December, the highest since August. Stronger increases in both output and new orders were seen in December compared to the previous month. Growth in input prices eased to…

USD - Major events in the week ahead

Events that marked the week: On Wednesday CB Consumer Sentiment and Pending Home Sales figures were released. Consumer confidence fell in December, a month after hitting a 17-year high, but the level of optimism among Americans this year was the…

Where is UK economy heading in 2018?

Where does the UK economy stand heading into 2018? Economists James Knightley and James Smith at Dutch lender ING have compiled a handy "dashboard" showing the health of six key indicators in the economy. The indicators — inflation, consumer spending,…

German CPI expected to rise to 1.7%

The inflation rate in Germany as measured by the consumer price index is expected to be 1.7% in December 2017. Compared with November 2017, consumer prices are expected to increase by 0.6%. Based on the results available so far, the…

M3 Money Supply down to 4.9%

The annual growth rate of the broad monetary aggregate M3 stood at 4.9% in November 2017, after 5.0% in October, averaging 5.0% in the three months up to November. The components of M3 showed the following developments. The annual growth…

China December factory growth seen slowing only slightly despite smog war

Growth in China's sprawling manufacturing sector likely slowed only slightly in December despite tough pollution measures that have forced some factories to curb production and a cooling housing market, a Reuters poll showed. The official manufacturing Purchasing Managers' Index (PMI)…

Chicago PMI rose to 67.6

The MNI Chicago Business Barometer rose to 67.6 in December, up from 63.9 in November, closing the year at the highest level since March 2011. On a calendar quarter basis, the Barometer rose to 65.9 in Q4 from 61.0 in…

Unemployment Claims unchanged at 245,000

In the week ending December 23, the advance figure for seasonally adjusted initial claims was 245,000, unchanged from the previous week's unrevised level of 245,000. The 4-week moving average was 237,750, an increase of 1,750 from the previous week's unrevised…

BoE ready for more rate hikes in 2018

There were no data releases from the UK today, with focus being on domestic monetary developments. The Bank of England (BoE) announced its first rate hike in more than a decade in November, amid strong inflationary pressures and a low…

Search for new sources of growth momentum in Australia

It has not been an easy year for Australia and many of the challenges the region has faced will continue over into 2018. The first is to find new sources of growth. Some economies in the region are busy catching…

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