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Rightmove HPI m/m 2.1% 1.7% CPI y/y 2.8% 2.8% 2.8% PPI Input m/m -0.1% -0.3% 2.8% RPI y/y 3.3% 3.3% 3.2% Core CPI y/y 2.4% 2.3% 2.3% HPI y/y 1.9% 2.8% 2.2% PPI Output m/m 0.3% 0.3% 0.8% Claimant Count Change -7.0K 0.0K -5.3K MPC Meeting Minutes 0-0-9 0-0-9 0-0-9 Unemployment Rate 7.9% 7.8% 7.8% Average … [Read more...]

Home Loans m/m 2.0% 1.6% -0.3% New Motor Vehicle Sales m/m -0.6% -0.1% MI Leading Index m/m 0.6% 0.4% NAB Quarterly Business Confidence 2 -5 The overall economic data was good for Australia. Home loans rose 2% and MI Leading Index came 0.6%. Despite this data the Australian dollar has been the looser of the week.  It was highly influenced by the releases from China. Its GDP was 7.7%, with 0.3% under the market expectations, … [Read more...]

Revised Industrial Production m/m 0.6% -0.1% -0.1% Consumer Confidence 44.8 46.7 44.3 Trade Balance -0.92T -0.92T -1.09T All Industries Activity m/m 0.6% -0.6% -1.6% Japan released some interesting numbers last week. Consumer Confidence, which was an exception, was published under market expectations with a value of 44.8, but the Revised Industrial Production and All Industries Activity rose to 0.6%. Other good … [Read more...]

USA Fed Chairman Bernanke Speaks NFIB Small Business Index 89.5 92.3 90.8 Wholesale Inventories m/m -0.3% 0.5% 0.8% Crude Oil Inventories 0.3M 1.6M 2.7M 10-y Bond Auction 1.80|2.8 2.03|3.2 Federal Budget Balance -106.5B -110.3B -203.5B Unemployment Claims 346K 362K 388K Import Prices m/m -0.5% -0.4% 0.6% Natural Gas … [Read more...]

Current Account 0.00T 0.46T 0.36T Economy Watchers Sentiment 57.3 56.3 53.2 Prelim Machine Tool Orders y/y -21.6% -21.5% Bank Lending y/y 1.6% 1.5% Core Machinery Orders m/m 7.5% 6.9% -13.1% CGPI y/y -0.5% -0.4% -0.1% M2 Money Stock y/y 3.0% 2.9% 2.9% Tertiary Industry Activity m/m 1.1% 0.8% -1.5% Beside the current account that was unchanged … [Read more...]

BRC Retail Sales Monitor y/y 1.9% 2.7% RICS House Price Balance -1% -5% -7% Manufacturing Production m/m 0.8% 0.4% -1.9% Trade Balance -9.4B -8.7B -8.2B Industrial Production m/m 1.0% 0.4% -1.3% 10-y Bond Auction 1.73|1.7 2.15|2.3 NIESR GDP Estimate 0.1% 0.1% Overall it was a pretty good week for the British economy. The Manufacturing Production beat … [Read more...]

Housing Starts 184K 176K 178K Building Permits m/m 1.7% 3.7% 1.8% NHPI m/m 0.2% 0.1% 0.1% For Canada we have even less economic data than on Australia. Housing starts surprised the market with a number of 184K, but building permits were 2% under the estimates. The Canadian dollar was bought mainly on a higher risk appetite from the investors. Next week will be much more interesting. Manufacturing sales are expected to rise at 0.6%, … [Read more...]

AIG Construction Index 39.0 45.6 ANZ Job Advertisements m/m -1.5% 3.0% NAB Business Confidence 2 1 Westpac Consumer Sentiment -5.1% 2.0% MI Inflation Expectations 2.2% 2.3% Employment Change -36.1K -6.7K 74.0K Unemployment Rate 5.6% 5.4% 5.4% Last week not many macroeconomic indicators were published for the economy of Australia. The most important ones … [Read more...]

USA Final Manufacturing PMI 54.6 55.0 54.9 ISM Manufacturing PMI 51.3 54.2 54.2 Construction Spending m/m 1.2% 1.1% -2.1% ISM Manufacturing Prices 54.5 60.1 61.5 Factory Orders m/m 3.0% 3.1% -1.0% IBD/TIPP Economic Optimism 46.2 46.1 42.2 Total Vehicle Sales 15.3M 15.3M 15.4M ADP Non-Farm Employment Change 158K 203K 237K ISM … [Read more...]

Tankan Manufacturing Index -8 -7 -12 Tankan Non-Manufacturing Index 6 8 4 Monetary Base y/y 19.8% 16.3% 15.0% Average Cash Earnings y/y -0.7% -0.1% 0.1% Overnight Call Rate <0.10% <0.10% <0.10% Leading Indicators 97.5% 97.2% 95.0% The low readings of the Tankan Manufacturing and Non-manufacturing have triggered a risk aversion in the beginning of the week which has … [Read more...]

Manufacturing PMI 48.3 48.9 47.9 Net Lending to Individuals m/m 1.5B 0.9B 0.8B M4 Money Supply m/m -0.5% 1.1% 0.9% Mortgage Approvals 52K 54K 54K BRC Shop Price Index y/y 1.4% 1.1% Construction PMI 47.2 47.7 46.8 Housing Equity Withdrawal q/q -8.6B -7.4B -7.9B Services PMI 52.4 51.4 51.8 Asset Purchase … [Read more...]

Economic Indicator Actual Forecast Previous Employment -54.5K 6.8K 50.7K Trade Balance -1.0B 0.2B -0.8B Unemployment Rate 7.2% 7.1% 7.0% Ivey PMI 61.6 52.4 51.1 March labor market data was not good at all for Canada. But we should bear in mind that the Employment Change is a very volatile indicator and that the Unemployment Rate has constantly drop all the way from 8.7% in the past 3 years. This might be just a short correction in the current trend. … [Read more...]