2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
China’s industrial companies show the slowest surge for 7 months
In November, revenues at China's industrial companies ascended at their slowest tempo for seven months because demand as well as producer price leaps relieved in further confirmation of ebbing surge in the world's number two economy.
The lower income actually underscores rather a delicate balancing act for the government as it extends a campaign to reduce the country’s reliance on credit-intensive investment without affecting the national economy.
In November, revenues rallied 14.9% hitting 785.8 billion Yuan, according to the National Bureau of Statistics. It marked the slowest monthly surge rate since April's outcome of 14.0%.
In November, revenues were suppressed by a slower tempo of price surges versus previous months.
Market experts noted that November's sag in producer price inflation to 5.8% from 6.9% in October happened to be one of the biggest in 2017.
More than half of the jump in revenues in Jan-Nov came from washing, coal mining, steel and iron smelting, natural gas and crude extraction, processing.
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.