Recent Blogs

FILTER POSTS

Category

Archive

Services PMIs point to different states of recovery

Emily Nicol
Chris Scicluna
  • Service sector surveys out overnight pointed to different states of recovery across the major Asia-Pacific economies.
  • China’s Caixin survey suggested ongoing gradual improvement, but Japan’s final services PMIs remained disappointingly weak. And despite an upwards revision, Australia’s survey suggested that the sector broadly flat-lined last month as the lockdown in Victoria took its toll.
  • Like in Australia, Spain’s services PMIs also suggested that the resurgence in the pandemic last month hit activity in the sector.

Categories : 

Australia's first recession in 29 years

Chris Scicluna
Emily Nicol
  • Australian economic activity fell at a record pace in Q2
  • German retail sales fell back in July despite VAT cut
  • Spanish employment rose again
  • UK prices fell on the high street, but house prices rebounded

Categories : 

Suga in pole position to become Japan's new PM

Chris Scicluna
Emily Nicol
  • Suga in pole position to become Japan’s new PM
  • Japan’s labour market weakens and survey suggests a significant slump in capex
  • RBA increases size of Term Funding Facility
  • Euro area flash CPI expected to fall back

Categories : 

Abe set to resign

Chris Scicluna
Emily Nicol
  • Abe set to resign, press conference due imminently
  • Some weaker inflation data from Tokyo
  • German consumers express greater pessimism
  • French inflation falls back sharply as expected

Categories : 

French survey contrasts with flash PMIs

Chris Scicluna
Emily Nicol
  • Improved French business survey contrasts with downbeat flash PMIs
  • Some softer Japanese construction data
  • Drop in Australian capex a little less severe than feared
  • UK car production struggles to get out of first gear

All eyes on Jay Powell later today 

Categories :