The Magazine for Asian Investors
The French purchasing managers’ index (PMI) for the services sector was 58.4 in May, down from 58.9 in April, according to S&P Global. An index above 50 indicates that French economic activity is expanding. The manufacturing PMI fell to 54.5…
Germany’s purchasing managers’ index (PMI) for the services sector was 56.3 in May, down from 57.6 in March, according to S&P Global. The index above 50 indicates that German economic activity is continuing to expand. This was driven by a…
The Bank of Indonesia (BI) decided at its meeting today (May 24) to leave the policy rate unchanged to balance support for Indonesia’s economic recovery with efforts to contain inflation. Indonesia’s central bank kept its seven-day bond-buying rate at 3.50%,…
According to a survey by the Australia and New Zealand Banking Group (ANZ), the Australian consumer confidence index rose by 1.7% last week, the first increase in more than a month. The decisive factor was the unemployment rate in Australia,…
The Monetary Authority of Singapore (MAS) and Singapore’s Ministry of Trade and Industry (MTI) said today that MAS core inflation rose to 3.3% year-on-year in April from 2.9% in March. Meanwhile, the CPI All Items increased by 5.4% YoY in…
The German Institute for Economic Research (Ifo) said its business climate index rose to 99.5 in May from 97.3 in April. Companies in Germany are increasingly satisfied with their current business situation. Despite many problems such as inflation, bottlenecks in…
Angela Wilkinson of the World Energy Council said Thursday that the current oil crisis is different from previous oil crises and that consumers will have to bear the impact as inflation rises. “I think this is a first global energy…
England reported that retail sales rose 1.4% month-on-month in April after falling 1.2% in March, but domestic retail sales remained weak overall. According to the report, retail sales fell 0.3% in the three months through April, following a 0.7% decline…
Japan’s Ministry of Internal Affairs and Communications reported on May 20 that the consumer price index (CPI) rose 2.1% in April from a year earlier. This was the fastest growth in seven years and was above the Bank of Japan’s…
The People’s Bank of China (PBOC) cut the five-year key lending rate (LPR) by 0.15% from 4.6% to 4.45%, the biggest cut since 2019. This would lower mortgage borrowing costs and could help boost weaker loan demand due to the…
