Monday, 1 July 2013

CIMB Global Economic News - 01 July 2013

US Thomson Reuters/University of Michigan’s consumer sentiment index rose to a final reading of 84.1 in Jun from 82.7 in the mid-month reading (84.5 at end-May). (Bloomberg)

Japan’s construction orders rose 26% yoy in May from 2% in Apr. (RTT News) Japan’s core consumer prices were unchanged in May from a year earlier (-0.4% in Apr), matching the median estimate from a Reuters poll. It was the first time in seven months that prices did not fall. (Reuters)

Japan’s industrial production rose 2.0% mom in May, beating forecasts for an increase of 0.2% following the 0.9% gain in Apr. (RTT News)

The Markit/JMMA Japan Manufacturing Purchasing Managers Index rose to a seasonally adjusted 52.3 in Jun from 51.5 in May. (Reuters)

The unemployment rate in Japan came in at a seasonally adjusted 4.1% in May, unchanged from the Apr reading but missing forecasts for 4.0%. (RTT News)

Japan’s retail trade improved to 0.8% yoy in May from -0.2% in Apr. (Bloomberg)

The average household spending in Japan was down 1.6 percent on year in May. That missed forecasts for an increase of 1.3% following the 1.5% gain in Apr. (RTT News)

South Korea’s industrial output fell 1.4% yoy in May (+1.6% in Apr), worse than expectations of a 1.2% decline. (Bloomberg)

South Korea’s inflation rate was unchanged at 1.0% yoy in Jun, a shade below forecasts of 1.1%. Indonesia’s money supply growth slowed to 14.4% yoy in May from 14.7% in Apr. (Bloomberg)

Thailand’s manufacturing production index declined 7.8% yoy in May, extending the 4.2% drop in Apr. Capacity utilization however increased to 65.8% in May from 60.2% in Apr. (Bloomberg)

Thailand’s exports in May fell 5.1% yoy (+3.7% in Apr), while imports were down 4.9% (+8.5% in Apr). The trade balance recorded a surplus of US$535m (deficit of US$1,620m in Apr). The current account deficit in May shrank to US$1.051bn from US$3.361bn in Apr, while the overall balance was largely flat at US$355m (US$305m in Apr). (Bloomberg)

Thailand’s business sentiment index improved to 53.9 in May from 48.8 in Apr. (Bloomberg)

Singapore’s broad money supply (M2) growth quickened to 9.9% yoy in May from 9.6% in Apr. The pace of bank lending slowed to 18.8% in May (20% in Apr). (Bloomberg)

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