In June 2021, China’s consumer prices fell by 0.4 percent month-on-month, translating into a 1.1 percent increase year-on-year, a decrease of 0.2 percentage points from the previous month. Industrial producer prices rose by 0.3 percent month-on-month resulting in a 8.8 rise on a year-on-year basis. The strong yearly increase in industrial prices is to a large extent the result of a low baseline with commodity prices moving well ahead above their pre-COVID levels.
The latest Data from Japan’s Cabinet Office shows that Business conditions in Japan deteriorated slightly in May against their level reached in April. This has affected the Coincident Index more than the Leading Index. Overall the gap between the two indexes remains significant as Japan is still grappling with the COVID-19 pandemic amid promises made by the Suga administration to accelerate the vaccination campaign and to continue supporting the economy.
China’s Consumer prices in March 2021 increased by 0.4% year-on-year and decreased by 0.5% month-on-month. China’s Ex-factory prices of industrial producers in March 2021 increased by 4.4% year-on-year and 1.6% month-on-month.
According to the report released on Friday, April 2 by the U.S. Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose by 916,000 in March, and the unemployment rate edged down to 6.0 percent. As per the BLS, “These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic.” Job growth was widespread across the different sectors in March, with notable gains in leisure and hospitality, public and private education, and construction.
From January to February, due to factors such as the low base in the same period in 2020 , the year-on-year growth rate of China’s economy main indicators is relatively high. Source: NBS Press release 1. The growth of industrial production is accelerating, and the equipment manufacturing industry and high-tech manufacturing industry are growing well. Large enterprises […]
The Consumer Confidence Survey of February 2021 was released on March 4th, 2021 1. Consumer Confidence Index, Consumer Perception Indices The Consumer Confidence Index (seasonally adjusted series) in February 2021 was 33.8, up 4.2 points from the previous month. The categories of the Consumer Perception Indices (seasonally adjusted series), which are comprised of the Consumer Confidence […]
THE EMPLOYMENT SITUATION — FEBRUARY 2021 Total nonfarm payroll employment rose by 379,000 in February, and the unemployment rate was little changed at 6.2 percent, the U.S. Bureau of Labor Statistics reported today. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic. In February, most of the job gains occurred in […]
Money aggregates, loans and deposits 1. Broad money grew by 10.1%, narrow money grew by 7.4% At the end of February, the broad money (M2) balance was 223.6 trillion yuan, a year-on-year increase of 10.1%, and the growth rate was 0.7 and 1.3 percentage points higher than the end of the previous month and the […]
The US Bureau of Labor Statistics published last Friday its Employment Situation Report for December 2020. The headline figures point to a deterioration of the US labor market in December 2020, with a -140K net change in Total Nonfarm payrolls turning negative for the first time since April 2020. Both the Public sector and the […]