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Global Economic Update

09:10, 28 ธันวาคม

Global Economic Update

  • In the US, the CB consumer confidence index fell more-than-anticipated to 122.10 in December, compared a revised reading of 128.60 in the prior month. Pending home sales rose surprisingly 0.20% on a MoM basis in November, compared to an advance of 3.50% in October. The Redbook index jumped 5.70% on a YoY basis in the week ended 22 December 2017, compared to a rise of 4.40% in the last week.
  • The Bank of Japan’s (BoJ) latest summary of opinions report indicated that some policymakers urged for a discussion over raising interest rates or lowering purchases of exchange-traded funds in response to the improving economic fundamentals in the Japanese economy. Construction orders surged 20.50% on a YoY basis in November, compared to an increase of 6.70% in the previous month. Retail trade rose higher-than-expected 2.20% on a YoY basis in November, compared to a drop of 0.20% in October. The preliminary industrial production jumped more-than-expected 3.70% on a YoY basis in November, compared to a rise of 5.90% in the last month. Housing starts declined less-than-anticipated 0.40% on a YoY basis in November, compared to a fall of 4.80% in the previous month. Vehicle production rose 0.90% on a YoY basis in November, compared to a climb of 6.40% in the last month.