Economy

Japan revised up Q4 GDP to 1.2% annualized

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Japan’s economy grew faster than initially reported in the final quarter of 2016, with an upward revision in business spending and a jump in investment growth bolstering activity.   Asia’s second-largest economy grew at an annualized rate of 1.2% in the October-December quarter, revised up from a preliminary reading of 1.0 percent growth, according to […]

Economy

Singapore Economy Expanded 2% in 2016, Forecasts 1-3% for 2017

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Singapore economy expanded 2.0% in 2016, the trade and industry ministry(MTI) said. The MTI has maintained the GDP growth forecast at “1.0 to 3.0%” for 2017. The 2% economic growth was mostly driven by the last quarter growth which expanded 2.9% year-on-year. On seasonally-adjusted annualised basis, the Q4 GDP expanded by 12.3% from the Q3, reversing the contraction of 0.4% in […]

China

China’s January manufacturing PMI Slides

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China’s manufacturing Purchasing Managers’ Index (PMI) came in at 51.3 in January, 0.1 percentage points lower than 51.4 recorded in December, according to data released today by the National Bureau of Statistics (NBS).   A PMI reading above 50 indicates expansion, while a reading below 50 reflects contraction.   The sub-index for production was 53.1, 0.2 percentage […]

Macro

New Zealand CPI 1.3% in 2016, lifted by Housing Prices

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  The consumers price index (CPI) inflation rate in New Zealand ended 1.3% in the year ended December 2016,  New Zealand statistics department said today. In respect, prices for tradable goods and services were 0.1%  lower in the year ended December. Petrol and international airfares were cheaper than a year ago despite higher quarterly prices, the statistics bureau […]

Australia

Australia Economy Expanded 2.7% in 2015/2016

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Australia’s 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% in 2015-16, underpinned by increased quantities of resources exports, particularly iron ore and gas. Australia saw strong growth in the number of tourists and students visiting, which helped deliver […]