CHINA+ DATA WRAP 5 DECEMBER 2023: Tokyo CPI nears BoJ target rate

Tokyo core inflation excluding fresh food is nearing the BoJ target rate
Japan's services PMI indicates slowing growth
China’s Caixin services PMI ticked up

Duncan WrigleyChina+

6 December 2023 China+ Monitor Cooling Tokyo CPI Should Provide Some Relief to the BoJ

• Tokyo consumer inflation fell 0.6pp to 2.6% year- over-year in November...
• ...And core inflation excluding fresh food dipped to 2.3%, close to the BoJ’s 2% target.
• The downward revision to Japan’s final services PMI indicates slowing growth, despite robust tourism.

Duncan WrigleyChina+

China+ Datanote: Exports, Korea, November

Duncan WrigleyChina+

China+ Datanote: Caixin Manufacturing PMI, China, November

The erratic Caixin PMI is more optimistic than the official gauge 

Duncan WrigleyChina+

CHINA+ DATA WRAP 1 DECEMBER 2023: Caixin PMI rises

China's erratic Caixin PMI rises
Korean exports are weaker than the headline figure
Japanese manufacturing falters 

Duncan WrigleyChina+

4 December 2023 China+ Monitor BoK Holds Fast, Worried About Persistently Elevated Inflation

• The BoK left the policy rate unchanged last week; it raise d its 2024 inflation forecast.
• The Bank is likely to shift its focus to growth support in 2024 but delay the first rate cut until Q3.
• Korean export growth rose in November, largely thanks to base effects; trade is still bottoming out.

Duncan WrigleyChina+

China+ Datanote: Official Manufacturing PMI, China, November

Duncan WrigleyChina+

1 December 2023 China+ Monitor Chinese Manufacturing Reports Weakening Demand

• China’s November manufacturing PMI was hit by fading demand, while output continues to rise.
• But the weakness is mainly in materials processing, despite rising construction activity...
• ...Domestic demand for equipment and high-tech manufacturing is growing.

Duncan WrigleyChina+