How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
South Korea factory output inches up at the fastest annual rate in four years
South Korea's September factory output managed to ascend from September. It demonstrated the fastest annual leap for four years. That’s what Statistics Korea unveiled on Tuesday.
Factory output surpassed a 4.7% estimate and grew 8.4% from 2016 on what a Statistics Korea official told was a base-year effect.
As a matter of fact, output only ascended a seasonally adjusted 0.1% from August, which is far below the 2.4% observed in a Reuters survey.
The "super-cycle" in memory chips has appeared to be a particular miracle for the South Korean economy specializing in hi-tech exports. The country’s GDP rallied over the July-September period, demonstrating the fastest rate for seven years.
The chip boom actually assisted Samsung Electronics in booking a record operating revenue in the third quarter because tight supply as well as strong demand for semi-conductors powered revenue.
Similar
Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Will oil change the trend after OPEC meetings?
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
