Asia Property Market Review.net

Macro Economy & Financial Markets Review January

 

 

 

 January 10,  2017

                

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• China statistics department said today December manufacturing Purchasing Manager Index(PMI) fell 0.3 point from November to 51.4 point for the month, a reading over 50 indicates activity expansion (January  3) 

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• Hong Kong's retail sales fell 5.5% year on year in November to HKD36billion for the month, led by electronic products sales which declined 35% y-o-y during the month. For the first 11 months of 2016 altogether, the total decrease is estimated to be at 8.6% year on year (January 3) ​

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• Australia’s resource and energy export earnings are expected to reach record highs of AUD204 billion in 2016–17, Minister for Resources and Northern Australia Matt Canavan said in the December 2016 Resources and Energy Quarterly  (January 9)

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• South Korea central bank reported today December total exports grew 6.5% year on year; total imports increased 9.2%, fastest growth in the past year(January 11)

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• World Bank said in the latest report today that global GDP is estimated to expand 2.7% in 2017 - among which developed economy will grow 1.8% on average while emerging markets growth will likely average at 4.2% level  (January 11)

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• China's commerce department said in RMB terms calculation its 2016 total exports dropped 2% year-on-year, imports climbed 0.6% y-o-y; trade surplus for the year amounted to be at RMB3.35trillion - 9.1% less than that in 2015 (January 13)

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• Singapore statistics department reported November retail sales climbed 1.1% from same month a year ago, lifted by auto sales which rose 17% year on year during the month; electronic products sales recorded big fall (January 13)

 

 

• Australia economy expanded 2.7% in 2015-2016, trade in goods and services reached a record AUD661 billion, latest data by the trade ministry showed, exports rose nearly 7%, underpinned by increased quantities of resources exports (January 16)

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• Consumer Price Index (CPI) in Singapore came in -0.5% for the year of 2016. December CPI rose to 0.2% from 0.0% in November, due to a pickup in the cost of private road transportation (January 23)

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• China's statistics bureau reported today China's GDP expanded 6.8% year on year in the fourth quarter, full year growth rate is at 6.7% (January 21) 

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• Consumer Price Index (CPI) inflation rate in New Zealand ended 1.3% in the year ended December 2016,  data released by New Zealand statistics department showed(January 27)

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