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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Fed’s Brainard warned against moving too quickly on rate hikes
The Federal Reserve (Fed) Governor, Lael Brainard, stated that the case to tighten monetary policy in the near term looks less compelling. She added that the US labour market was not yet at full strength and remains concerned about the impact that global difficulties will have on the nation’s economy.
Japanese BSI of large manufacturing industries rose in 3Q 2016
In 3Q 2016, on a QoQ basis, business survey index (BSI) of large manufacturing industries rose 2.90% in Japan. BSI of large manufacturing industries had recorded a drop of 11.10% in the previous quarter.
Japanese net employment outlook recorded a rise in 4Q 2016
In 4Q 2016, the net employment outlook advanced to 23.00% in Japan. In the previous quarter, the net employment outlook had recorded a level of 22.00%.
Japanese machine tool orders slid in August
The flash machine tool orders in Japan recorded a drop of 8.40% in August on a YoY basis. In the previous month, machine tool orders had registered a drop of 19.70%.
Chinese industrial production advanced more than expected in August
On a YoY basis, industrial production in China climbed 6.30% in August, higher than market expectations for an advance of 6.20%. In the prior month, industrial production had recorded a rise of 6.00%.
Chinese employment outlook advanced in 4Q 2016
In China, employment outlook registered a rise to 5.00% in 4Q 2016. In the prior quarter, employment outlook had registered a level of 2.00%.
Chinese retail sales (YTD) rose as expected in August
In August, on a YoY basis, retail sales (YTD) in China registered a rise of 10.30%, compared to a similar rise in the prior month. Market expectation was for retail sales (YTD) to advance 10.30%.
Chinese fixed assets investment excl. rural YTD rose more than expected in August
Fixed assets investment excl. rural YTD climbed 8.10% on a YoY basis in August, in China, higher than market expectations for an advance of 7.90%. In the prior month, fixed assets investment excl. rural YTD had registered a similar rise.
Chinese industrial production (YTD) rose as expected in August
On an annual basis in China, industrial production (YTD) recorded a rise of 6.00% in August, compared to a similar rise in the previous month. Market anticipation was for industrial production (YTD) to advance 6.00%.
Chinese retail sales rose more than expected in August
In August, on a YoY basis, retail sales in China climbed 10.60%, higher than market expectations for an advance of 10.20%. Retail sales had advanced 10.20% in the previous month.
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