China’s Producer Prices Cools to a 10.3% Increase in December
(NBS) China’s producer prices rose at an annual rate of 10.3% in December, slower than 12.9% the previous month and below the expected 11.1% increase. The slow increase in producer…
Rich Economies Are at Their Worst Inflation in 25 Years as Concerns Mount
(FT) Central banks of the world’s richest economies comprising the OECD group face pressure to raise rates as consumer prices of 5.8% in November rank the highest since May 1996.…
Wholesale Inventories Cool to a 1.4% Increase in November
Source: Census Bureau US merchant wholesalers held $771.1 billion worth of inventories at the end of November, an increase of 1.4% from October. The increase was lower than the 2.5%…
Euro Area and EU Unemployment Falls in November
(Eurostat) Euro area unemployment was at 7.2% in November, below 7.3% posted the previous month. The unemployment rate was also below 8.1% in the prior year. In the EU, unemployment…
Manufactured Goods Orders Accelerate With a Gain of 1.6% in November
(Census Bureau) US new orders for manufactured goods reached $531.8 billion, after an increase of $8.4 billion or 1.6% in November. The manufactured goods orders have now increased for the…
Jobless Claims Surge by 7,000 in the Last Week of 2021
(Department of Labor) US jobless claims were recorded at 207,000 in the week that ended January 1, up 7,000 from the previous week. The previous week’s jobless claims were revised…
Eurozone Construction Eased Slightly in December as Inflation Soften Again
(IHS Markit) Construction activity in the Eurozone maintained an expansion, although the activity index slipped to 52.9 in December from 53.3 in the previous month. Expansions were posted in commercial…
Fed’s Rate Hike to Come Sooner than Expected, Reveals December Minutes
(Federal Reserve) The Federal Reserve’s minutes for December 14-15 have revealed that officials target to raise short-term rates earlier than expected. The hawkish stance by the central bank officials reflects…
Chinese Service Activity Improves as Index Hits 53.1 in December
(Markit) Output among service providers in China increased in the last month of 2021, with the activity index reaching 53.1 from 52.1 in November. Output in the service sector has…
Eurozone Economy Stumbled to a 9-Month Low in Dec. on Omicron Impacts
(IHS Markit) Eurozone’s Composite Output Index was at 53.3 in December, the lowest since March and below 55.4 in November. The decline in the output index reflected a resurgence of…
US Manufacturing Expansion Eases by 2.4% in December
(ISM) US manufacturing PMI was recorded at 58.7% in December, down by 2.4 percentage points from the previous month. New Orders Index ticked down by 1.1 percentage points to 60.4%,…
Digital Yuan Pilot Version Availed on Apple and Android App Stores
(People’s Daily) China is edging closer to the rollout of a digital yuan after launching a pilot version of the currency, which can be downloaded on Apple and Android App…
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