Recent Blogs




Italian politics back in crisis after Renzi withdraws support for government

Chris Scicluna
  • Japan’s core machine orders rise unexpectedly to a 9-month high in November; goods PPI lifted by higher fuel and metals prices; BoJ Regional Economic Report mixed.
  • China’s trade surplus hits record high in December as both exports and imports beat expectations.
  • Kiwi dwelling approvals increase to new record high November.

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Japan’s machine tool orders firm at end-year

Chris Scicluna
  • Japan’s machine tool orders up 8.7%Y/Y as foreign orders rebound.
  • Chinese credit growth slows in December as the economy normalizes.
  • Central bank signals improvement in French economy at end-2020.
  • Future of Italian government still in balance.
  • Australian job vacancies recover further to record high in Q4.

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Japan’s Economy Watchers current conditions index declines sharply

Chris Scicluna
  • Japan’s Economy Watchers current conditions index declines sharply in December, but outlook index stabilizes; bank lending growth steady in December.
  • Australian consumer confidence steady in early January, but attitudes to spending improve.
  • BRC and Barclaycard data point to soft end to 2020 for UK retail sales.


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China’s CPI and PPI inflation lifts in December

Chris Scicluna
  • China’s CPI and PPI inflation lifts in December, but core consumer prices still soft.
  • Australian retail sales confirmed to have surged in November. 
  • Kiwi dataflow resumes with building approvals, housing and food price reports.

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German IP up for seventh successive month, while French IP falls

Chris Scicluna
  • Following yesterday's comments flagging the concerns of Japan's authorities about FX developments, the yen weakened briefly through 104/$, the weakest in 3 weeks.
  • Japan’s consumption data paint mixed picture for November, but Q4 on track for robust growth; Cabinet Office leading index rises to near 2-year high in November.
  • German IP up for seventh successive month with imports outpacing exports.
  • Despite ongoing growth in manufacturing, French IP falls due to drop in energy output.

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