Asia Property Market Review.net

 January Macro Economy & Financial Markets Review

 

 

 

January 10,  2017

                

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• China statistics department said December manufacturing Purchasing Manager Index(PMI) fell 0.3 point from November to 51.4 point for the month, a reading beyond 50 indicates expansion (January  3) 

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• Hong Kong's retail sales fell 5.5% year on year in November to HKD36billion for the month, led by electronic products sales which declined 35% during the month. For the first 11 months of 2016 altogether, the total decrease is estimated to be at 8.6% year on year (January 3)

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• Australia’s resource and energy export earnings are expected to reach record highs of AUD204 billion in 2016–17, Minister for Resources and Northern Australia Matt Canavan said in the December 2016 Resources and Energy Quarterly  (January 9)

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• South Korea central bank reported today December total exports grew 6.5% year on year; total imports increased 9.2% - fastest growth in the past year (January 11)

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• World Bank said in the latest report today global GDP is estimated to expand 2.7% in 2017 - among which developed economy will grow 1.8% on average while emerging markets growth will average at 4.2% level  (January 11)

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• China Commerce department said in RMB terms calculation its 2016 total exports dropped 2% year-on-year, imports climbed 0.6% y-o-y; trade surplus  RMB3.35trillion, 9.1% less than that in 2015 (January 13)

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• Singapore statistics department reported today November retail sales climbed 1.1% from same month a year ago, lifted by vehicle sales which rose 17% year on year during the month; electronic products recorded big fall (January 13)

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