In March, China experienced a significant cooling in consumer inflation, with the Consumer Price Index (CPI) rising by only 0.1% year-on-year, a decrease from the previous month's 0.7% and below the expected 0.4%. Additionally, the Producer Price Index (PPI) fell by 2.8% year-on-year, maintaining the same rate of decline as forecasted but indicating a continued deflationary trend in factory-gate prices. The monthly CPI also saw a decrease, falling by 1.0% compared to the previous month, which was a sharper decline than the expected -0.5%. The monthly PPI dropped by 0.1%, continuing the trend of deflationary pressures within the country's industrial sector, despite consumer prices gaining slightly for the second consecutive month.
China consumer price growth slows, renewing deflation fears https://t.co/JDwmBRCcIZ
China's consumer prices gain for 2nd month, factory deflation persists https://t.co/5Szbb9e9IW https://t.co/XEoqPoZLS7
China Consumer Price Gains Fade With Industry Stuck in Deflation https://t.co/R2ZBTwuzYd
⚡JUST IN: China March Annual CPI 0.1% [Est. 0.4% Prev. 0.7%] Monthly CPI -1.0% [Est.-0.5% Prev. 1.0%] Annual PPI -2.8% [Est. -2.8% Prev. -2.7%] Monthly PPI -0.1% [Prev. -0.2%] #CPI #China #deflation #PPI #EconTwitter 🇨🇳 https://t.co/KvJySfF1MK
#BREAKING #China's consumer #inflation cooled in Mar, with CPI up 0.1% y/y, vs prev 0.7% growth, expected 0.4% growth. Factory-gate prices continue to drop in Mar, with PPI down 2.8% y/y, vs prev 2.7% drop, expected 2.8% fall https://t.co/haGgRmRP6L
⚡JUST IN: China March Annual CPI 0.1% [Est. 0.4% Prev. 0.7%] Monthly CPI -1.0% [Est.-0.5% Prev. 1.0%] Annual PPI -2.8% [Est. -2.8% Prev. -2.7%] Monthly PPI -0.1% [Prev. -0.2%] #CPI #China #deflation #PPI #EconTwitter 🇨🇳 *Missed expectations. https://t.co/SEnHmTVgnw
🔴 CHINA MARCH CPI FALLS 1.0% MONTH ON MONTH
🔴 CHINA'S MARCH PRODUCER PRICE INDEX (PPI) DROPS 0.1% MONTH ON MONTH
🔴 CHINESE CPI MOM ACTUAL -1.0% (FORECAST -, PREVIOUS 1.0%) $MACRO
🔴 CHINA'S MARCH CPI DOWN BY 1.0% FROM PREVIOUS MONTH (POLL FORECAST -0.5%)
🔴 CHINA'S MARCH CPI UP 0.1% YY, BELOW EXPECTED 0.4% FROM POLL
🔴 CHINESE PPI YOY ACTUAL -2.8% (FORECAST -2.8%, PREVIOUS -2.7%) $MACRO
🔴 CHINA'S MARCH PPI DOWN 2.8% YEAR ON YEAR ACCORDING TO SOURCE POLL
🔴 ⚠️ BREAKING: CHINESE CPI YOY ACTUAL 0.1% (FORECAST 0.4%, PREVIOUS 0.7%) $MACRO
Heads Up:🇦🇺 Consumer Inflation Expectations (Apr) due at 01:00 GMT (15min) Previous: 4.3% https://t.co/aLxmywK1E5
JAPAN (MAR) MONEY STOCK M3 (YOY) ACTUAL: 1.8% VS 1.8% PREVIOUS
JAPAN (MAR) MONEY STOCK M2 (YOY) ACTUAL: 2.5% VS 2.5% PREVIOUS
🔴 JAPANESE FOREIGN STOCK INVESTMENT ACTUAL -301.8B (FORECAST -, PREVIOUS -233.6B) $MACRO
Heads Up:🇯🇵 Foreign Bond Investment (Apr/06) due at 23:50 GMT (15min) Previous: ¥-1660.5B https://t.co/de4c8hSWEX
AUSTRALIA (MAR) CBA HOUSEHOLD SPENDING (YOY) ACTUAL: 3.4% VS 3.5% PREVIOUS
Heads Up:🇺🇸 CPI s.a (Mar) due at 12:30 GMT (15min) Previous: 311.054 https://t.co/de4c8hSWEX
🇮🇹 Italy Italian Retail Sales (MoM) (Feb) $EUR Actual: 0.1% 🔴 Expected: 0.2% Previous: -0.1%
🇮🇹 Italy Italian Retail Sales (YoY) (Feb) $EUR Actual: 2.4% Previous: 1.0%
🇮🇹 Retail Sales MoM (Feb) Actual: 0.1% Expected: 0.2% Previous: -0.1% https://t.co/de4c8hSWEX
🔴 ITALIAN RETAIL SALES NSA YOY ACTUAL 2.4% (FORECAST -, PREVIOUS 1.00%) $MACRO
🔴 ITALIAN RETAIL SALES MOM ACTUAL 0.1% (FORECAST 0.2%, PREVIOUS -0.10%) $MACRO
Heads Up:🇮🇹 Retail Sales MoM (Feb) due at 08:00 GMT (15min) Previous: 1% https://t.co/de4c8hSWEX
NORWAY (MAR) PPI INCLUDING OIL YOY ACTUAL: -6.9% VS -12.6% PREVIOUS
NORWAY (MAR) PPI INCLUDING OIL MOM ACTUAL: 2.7% VS -2.5% PREVIOUS
NORWAY (MAR) CPI UNDERLYING YOY ACTUAL: 4.5% VS 4.9% PREVIOUS;EST 4.7%
NORWAY (MAR) CPI UNDERLYING MOM ACTUAL: 0.2% VS 0.4% PREVIOUS;EST 0.4%
NORWAY (MAR) CPI YOY ACTUAL: 3.9% VS 4.5% PREVIOUS;EST 4.2%
NORWAY (MAR) CPI MOM ACTUAL: 0.2% VS 0.2% PREVIOUS;EST 0.5%
🔴 NORWEGIAN CPI MOM ACTUAL 0.2% (FORECAST 0.5%, PREVIOUS 0.2%) $MACRO
🔴 NORWEGIAN CPI YOY ACTUAL 3.9% (FORECAST 4.2%, PREVIOUS 4.5%) $MACRO
Japan Bank Lending Incl Trusts (Y/Y) Mar: 3.2% (prev 3.0%) - Bank Lending Ex Trusts (Y/Y) Mar: 3.6% (prev 3.4%)
JAPAN (MAR) BANK LENDING EX-TRUSTS (YOY) ACTUAL: 3.6% VS 3.4% PREVIOUS
JAPAN (MAR) BANK LENDING INCL TRUSTS (YOY) ACTUAL: 3.2% VS 3.0% PREVIOUS
🔴 JAPANESE BANK LENDING YOY ACTUAL 3.2% (FORECAST -, PREVIOUS 3.0%) $MACRO
🇯🇵 Bank Lending YoY (Mar) Actual: 3.2% Expected: 3.1% Previous: 3% https://t.co/bg8j9r4hbB
JAPAN (MAR) PPI (MOM) ACTUAL: 0.2% VS 0.2% PREVIOUS; EST 0.3%
Heads Up:🇯🇵 Bank Lending YoY (Mar) due at 23:50 GMT (15min) Previous: 3% https://t.co/bg8j9r4hbB
🔴 US REDBOOK YOY ACTUAL 5.4% (FORECAST -, PREVIOUS 5.2%) $MACRO
🔴 FRENCH CURRENT ACCOUNT ACTUAL 0.9B (FORECAST -, PREVIOUS -1.0B) $MACRO
🇫🇷 Balance of Trade (Feb) Actual: -5.2B Expected: €-7B Previous: -7.2B https://t.co/bg8j9r4hbB
🔴 FRENCH TRADE BALANCE SA ACTUAL -5.244B (FORECAST -, PREVIOUS -7.39B) $MACRO
🇫🇷 France French Current Account (Feb) $EUR Actual: 0.90B Previous: -0.50B
🇫🇷 France French Trade Balance (Feb) $EUR Actual: -5.2B 🟢 Expected: -7.0B Previous: -7.2B
Heads Up:🇫🇷 Balance of Trade (Feb) due at 06:45 GMT (15min) Previous: €-7.388B https://t.co/bg8j9r4hbB
🔴 JAPANESE CONSUMER CONFIDENCE ACTUAL 39.5 (FORECAST 39.5, PREVIOUS 39.1) $MACRO
Heads Up:🇯🇵 Consumer Confidence (Mar) due at 05:00 GMT (15min) Previous: 39.1 https://t.co/bg8j9r4hbB
🔴 DUTCH CPI UP 3.1% YEAR ON YEAR IN MARCH, FOLLOWING 2.8% INCREASE IN FEBRUARY: CBS.
🔴 DUTCH CPI MOM ACTUAL 0.5% (FORECAST 0.7%, PREVIOUS 0.7%) $MACRO
🔴 DUTCH CPI YOY ACTUAL 3.1% (FORECAST -, PREVIOUS 2.8%) $MACRO
🔴 DUTCH CONSUMER SPENDING ACTUAL -0.3% (FORECAST -, PREVIOUS 0.3%) $MACRO
🔴 DUTCH CONSUMER CONFIDENCE DROPS 0.3 POINTS IN FEBRUARY: CBS
🔴 DUTCH CPI INCREASES 3.1% YEAR ON YEAR IN MARCH, REPORTS CBS.