Wednesday, January 16, 2013

20130116 1009 Global Economy Related News.


US producer price index lost 0.2% mom in Dec (-0.8% in Nov), double the consensus of  -0.1%, whilst on a yoy basis, the measure gained 1.3% (1.4% in Nov). (Bloomberg)

US inventories gained 0.3% mom in Nov (a revised 0.3% in Oct), matching consensus. (Bloomberg)

Fitch Ratings warned that it might revise downward the US’ rating from its current top "AAA" level if Congress does not reach agreement on raising the ceiling for the national debt. (AFP)

US retail sales gained 0.5% mom in Dec (a revised 0.4% in Nov), more than double the consensus estimate of 0.2%, whilst retail sales less autos and gas gained 0.6% mom, matching Nov‟s revised pace and exceeding the consensus estimate of 0.5%. (Bloomberg)

Chinese sovereign wealth fund China Investment Corp could cut holdings of US Treasury Bonds as they are becoming a less attractive investment, state media said. (AFP)

Without seasonal adjustments, the Eurozone had a trade surplus of €13.7bn, up from €4.9bn in the same month of 2011. (NASDAQ)

Japan’s money stock M2 rose 2.6% yoy in Dec (2.1% in Nov), higher than expectations of a 2.1% gain. (Bloomberg)

Japan’s corporate bankruptcies fell 13.8% yoy in Dec (-12% in Nov). (Bloomberg)

Japan’s machine tool orders fell 27.5% yoy in Dec (-21.3% in Nov), the eighth straight month of decline. (Bloomberg)

Retail sales in Singapore dropped 1.1% yoy in Nov (-1.1% in Oct) as a result of lower sales of motor vehicles. Excluding motor vehicles, retail sales rose 2.0% yoy (1.2% in Oct). (AFP)

Remittances sent home by Filipinos overseas amounted to US$1.92bn in Nov, up 7.6% from US$1.78bn in the same month last year. (Philippine Daily Inquirer)

No comments: