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Sat, 22nd July 2017

Anirudh Sethi Report

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Data due from Asia today

On the economic data calendar today the highlight is China

But, from the top:
2230GMT – New Zealand services PMi for June
  • BNZ – BusinessNZ Performance of Services Index (PSI)
  • May was 58.8
Services PMIs are not generally as closely watched as manufacturing PMIs
 2301GMT – house price indications from the UK
  • Rightmove house prices (Rightmove report is on asking prices)
  • For July, June was -0.4% m/m and +1.8% y/y
0200GMT – China data for June and also China GDP for Q2
  • Industrial Production y/y expected is 6.5%, prior was 6.5%
  • Industrial production YTD y/y expected is 10.3%, prior was 10.3%
  • Fixed Assets (excluding rural) YTD y/y, expected is 8.5%, prior was 8.6%
  • Retail Sales y/y, expected is 10.6%, prior was 10.7%
  • Retail Sales YTD y/y, expected is 10.3%, prior was 10.3%
I’ll have a preview of these to come
Also, GDP for April – June:
  • For the y/y, expected 6.8%, Q1 was 6.9%
  • For q/q (sa) expected 1.7%, prior 1.3%
  • YTD GDP expected 6.8%, prior 6.9%