Japan's core machinery orders experienced a notable decline in April, falling by 2.9% month-over-month, according to the Cabinet Office. This marked the first monthly decrease in three months and was slightly better than the forecasted drop of 3.1%. Year-on-year, core machinery orders rose by 0.7%, surpassing expectations of a 0.1% decline but lower than the previous month's 2.7% increase. Despite the monthly decline, the Cabinet Office raised its assessment of machinery orders, indicating signs of a pick-up. The drop in machinery orders has raised concerns about capital spending in Japan.
China's property investment slump worsens in January-May https://t.co/cxWPbeHNDr https://t.co/80uDIHxhQL
China's May industrial output lagged expectations and a slowdown in the property sector showed no signs of easing despite policy support, adding pressure on Beijing to shore up growth https://t.co/mKgjuUAn3u https://t.co/7cQ4GK9R9d
China's May industrial output lagged expectations and a slowdown in the property sector showed no signs of easing despite policy support, adding pressure on Beijing to shore up growth https://t.co/gZL6w3YS0J https://t.co/AxRqaNeE1h
China’s housing slump deepened in May and triggered new calls for stimulus https://t.co/pl6Er18aWe
ITALIAN CPI YOY FINAL ACTUAL 0.8% (FORECAST -, PREVIOUS 0.8%) $MACRO
ITALIAN CPI MOM FINAL ACTUAL 0.2% (FORECAST -, PREVIOUS 0.2%) $MACRO
🇮🇹 Italy Italian CPI (YoY) (May) $EUR Actual: 0.8% Expected: 0.8% Previous: 0.8%
ITALIAN HICP FINAL YOY ACTUAL 0.8% (FORECAST 0.8%, PREVIOUS 0.8%) $MACRO
China's retail sales of consumer goods, a major indicator of the country's consumption strength, climbed 4.1 percent year on year in the first five months of 2024, official data showed Monday. #XinhuaNews https://t.co/3avbq1fRVg
#China May retail sales beat expectations, but industrial output and fixed asset investment missed @chengevelyn https://t.co/zYrw5SVFLp
China's fixed-asset investment rose 4 percent year on year in the first five months of 2024, data from the National Bureau of Statistics (NBS) showed Monday. #XinhuaNews https://t.co/Vn8thekMOh
China's industrial output continued to see stable growth in May with faster transformation and growing new quality productive forces. The value-added industrial output, an important economic indicator, went up 5.6% year on year in May. Read update: https://t.co/78QDPAv1ko https://t.co/qZjVtcZkB7
#China’s retail sale in May beats analysts’ forecast to expand by 3.7% over a year earlier. The encouraging growth figure underscores the resilience of the world’s second-largest economy, analysts said, pointing to more robust economic performance during the rest of the year.… https://t.co/C74N7Nrasz
China's retail sales of consumer goods, a major indicator of the country's consumption strength, climbed 4.1% year on year in the first five months of this year. Retail sales during the period topped 2.74 trillion U.S. dollars https://t.co/zKE9vax8ym https://t.co/KDUwBtcTbj
China retail sales beat expectations as industrial output loses some steam https://t.co/bUmsKlAZMB
Bloomberg on China’s latest economic data. The strong growth in retail spending is particularly notable given the continued pressure on the property sector, with negative spillovers to household sentiment. It’s a relief to a government looking to reset the economy over time.… https://t.co/3vqc2MzS2P
1/5 I think Bloomberg has got it right: "China’s industrial expansion slowed in May and retail spending beat forecasts, a sign that deep imbalances in the economic recovery may be easing at least a little." https://t.co/bHsIG6bfsO via @markets
Chinese industrial output growth slows as property crisis weighs on economy https://t.co/Ku5YZILLPh
SCMP: "Property investment fell by 10.1 per cent, year on year, in the first five months of 2024, worsening from a 9.8 per cent drop from January through April and a 9.5 per cent drop in the first quarter." https://t.co/sTR8GS7MOL via @scmpnews
Bloomberg: "New-home prices in 70 cities slid 0.71% from April, the most since October 2014. Values of existing homes dropped 1%, the sharpest decline since at least 2011 when China started using the current data collection method." https://t.co/khC6N6HUZD via @markets
#China's May industrial output misses forecasts, retail sales a bright spot. #economy https://t.co/bXuz2iVn5I
China's retail sales of consumer goods, a major indicator of consumption strength, climbed 4.1% to CNY19.52 trillion (USD2.74 trillion) in the first five months from a year earlier, according to NBS data. The figure rose 3.7% to CNY3.92 trillion (USD540.3 billion) in May alone. https://t.co/vRo1t50tyD
$FXI - China May retail sales beat expectations, other metrics miss https://t.co/PTU22uUch9
CHINA SEES CONTINUED RECOVERY IN CONSUMPTION: NBS
CHINESE RETAIL SALES YOY ACTUAL 3.7% (FORECAST 3%, PREVIOUS 2.3%) CHINA'S ECONOMY TO CONTINUE RECOVERING DESPITE CHALLENGES: NBS https://t.co/O9c2I0g7FP
NBS EXPECTS DOMESTIC DEMAND IN CHINA TO CONTINUE RECOVERING.
BREAKING: China retail sales beat expectations with 3.7% growth in May. https://t.co/3p2FR56EEU
CHINA'S ECONOMY TO CONTINUE RECOVERING DESPITE CHALLENGES: NBS
China’s industrial expansion slowed in May while retail spending beat forecasts in a sign that imbalances in the economic recovery may be easing https://t.co/UzcYRAuQQ7
#China's #RealEstate development investment fell 10.1% y/y in Jan - May, widening from 9.8% growth in Jan - Apr, with residential property investment sliding 10.6%. https://t.co/haGgRmRP6L https://t.co/vV99gMZ7KK https://t.co/4sPzYS9qEE
CHINA'S NBS EXPECTS NARROWING OF PPI DECLINE TO CONTINUE
China May industrial output rises 5.6%, missing expectations https://t.co/ZDKtoTq0FC https://t.co/6q2cOnjuqH
China Industrial Output Cools, Retail Spending Exceeds Forecasts https://t.co/bpsqaqOfOb
China's property investment slump worsens in January-May https://t.co/OQbsIA1CD3 https://t.co/HAd0r9Kivq
🇨🇳 Unemployment Rate (May) Actual: 5% Expected: 5% Previous: 5% https://t.co/W1w8KEnR8t
🇨🇳 Fixed Asset Investment (YTD) YoY (May) Actual: 4% Expected: 4.2% Previous: 4.2% https://t.co/W1w8KEnR8t
China Fixed Assets Ex Rural YTD (Y/Y) May: 4.0% (est 4.2%; prev 4.2%) - Property Investment YTD (Y/Y) May: -10.1% (est -10.0%; prev -9.8%) - Surveyed Jobless Rate May: 5.0% (est 5.0%; prev 5.0%)
🔴 ⚠️ BREAKING: CHINESE INDUSTRIAL OUTPUT YOY ACTUAL 5.6% (FORECAST 6.2%, PREVIOUS 6.7%) $MACRO
🔴 CHINESE URBAN INVESTMENT YTD YOY ACTUAL 4.0% (FORECAST 4.2%, PREVIOUS 4.2%) $MACRO
🇨🇳 Fixed Asset Investment (YTD) YoY (May) Actual: 4.0% Expected: 4.2% Previous: 4.2% https://t.co/W1w8KEnR8t
🇨🇳 Unemployment Rate (May) Actual: 5.0% Expected: 5% Previous: 5.0% https://t.co/W1w8KEnR8t
🔴 CHINESE RETAIL SALES YOY ACTUAL 3.7% (FORECAST 3%, PREVIOUS 2.3%) $MACRO
🇨🇳 Retail Sales YoY (May) Actual: 3.7% Expected: 3% Previous: 2.3% https://t.co/W1w8KEnR8t
🇨🇳 Industrial Production YoY (May) Actual: 5.6% Expected: 6% Previous: 6.7% https://t.co/W1w8KEnR8t
🔴 CHINESE UNEMPLOYMENT RATE ACTUAL 5% (FORECAST 5%, PREVIOUS 5.000%) $MACRO
Heads Up:🇨🇳 Retail Sales YoY (May) due at 02:00 GMT (15min) Expected: 3% Previous: 2.3% https://t.co/W1w8KEnR8t
Heads Up:🇨🇳 Unemployment Rate (May) due at 02:00 GMT (15min) Expected: 5% Previous: 5% https://t.co/W1w8KEnR8t
Heads Up:🇨🇳 Fixed Asset Investment (YTD) YoY (May) due at 02:00 GMT (15min) Expected: 4.2% Previous: 4.2% https://t.co/W1w8KEnR8t
#Japan core machinery orders down in April, raising capital spending concerns
Japan core machinery orders down in April https://t.co/HkxaQirOkL https://t.co/lYnL5VTvD2
⚠️ JAPAN CORE MACHINERY ORDERS DOWN IN APRIL, RAISING CAPITAL SPENDING CONCERNS Full Story → https://t.co/A8wcNZhshL https://t.co/TSWrsNPHpn
JAPAN CABINET OFFICE: RAISE ASSESSMENT ON MACHINERY ORDERS, SAYING PICK-UP MOVES ARE SEEN
Japanese core machinery orders for the month increased by 2.9%, surpassing the forecast of -3.1% and matching the previous month. #JapaneseEconomy #MachineryOrders
Japan's Cabinet Office raises its assessment on machinery orders https://t.co/mOOTygqoEg
JAPAN CORE MACHINERY ORDERS FALL MTH/MTH IN APRIL FOR FIRST TIME IN THREE MONTHS - CABINET OFFICE
🇯🇵 Machinery Orders YoY (Apr) Actual: 0.7% Expected: -0.1% Previous: 2.7% https://t.co/8qOMn4cML0
Japan Core Machinery Orders (April) -2.9% m/m (vs. expected -3.1%) https://t.co/jCR2tYzaZw
JAPAN (APR) CORE MACHINE ORDERS (MOM) ACTUAL: -2.9% VS 2.9% PREVIOUS; EST -3.0%
🇯🇵 Japan Core Machinery Orders (YoY) (Apr) $JPY Actual: 0.7% Previous: 2.7%
Japan's core machinery orders surpass forecast with a 2.7% year-on-year increase, matching previous figure.
🔴 ⚠️ BREAKING: JAPANESE CORE MACHINERY ORDERS MOM ACTUAL 2.9% (FORECAST -3.1%, PREVIOUS 2.9%) $MACRO