Global Economic Update

10:10, 13 February

Global Economic Update

  • In the US, the budget surplus dropped more-than-expected to USD 49.20 billion in January, compared to a budget surplus of USD 51.30 billion in the previous month.
  • In Japan, the domestic corporate goods price index rose 2.70% on a YoY basis in January, compared to an increase of 3.00% in the last month. The domestic corporate goods price index surged 0.30% on a MoM basis in January, compared to a climb of 0.10% in the prior month.
  • In China, aggregate financing rose to CNY 3060.00 billion in January, compared to a level of CNY 1140.00 billion in the prior month. New Yuan loans surged more-than-anticipated to CNY 2900.00 billion in January, compared to a level of CNY 584.40 billion in the previous month.
  • In Australia, the business conditions index increased to 19.00 in January, compared to a reading of 13.00 in December. The business confidence index advanced to 12.00 in January, compared to a level of 10.00 in the previous month.