Archive for August 11th, 2010

U.S. Trade Deficit Widens To $-49.9 Billion In June

U.S. trade balance for June was reported at $-49.9 billion vs. consensus of $-42.5 billion and May reading of $-42.3 billion. Q2 GDP growth will be revised sharply downwards. Chart 1. U.S. Trade Balance

MBA Mortgage Applications Up 0.3%

MBA mortgage applications rose 0.3% for week ending August 6, prior reading was an increase of 1.5.%. Both refinance index and purchase index rose 0.6%. Chart 1. MBA Mortgage Applications

China Retail Sales Up 17.9% In July

China retail sales rose 17.9% in July vs. 18.5% consensus and 18.3% growth in June. Everything slowing down… Chart 1. China Retail Sales Growth

China Industrial Production Rose 13.4% In July

Industrial production growth in China fell to 13.4% in July from 13.7% in June. The consensus was also at 13.4%. Slowing down… Chart 1. China Industrial Production

China Monetary Expansion And Fixed Asset Investments Slowed Down In July

The most broad measure of money supply – M2 rose 17.6% YoY in July vs. 18.5% consensus and 18.5% growth in June. Chinese government reigning in on monetary expansion. Chart 1. China Monetary Aggregates China new loans rose CNY 632.8 billion vs. CNY 603.4 billion in June and CNY 603.4 billion Chart 2. China New Loans China fixed asset investments […]

China CPI Inflation In July At 3.3%; China PPI Inflation In July At 4.8%

China Consumer Price Index was up 3.3% in July, right at the consensus. June reading was at  2.9%. China Producer Price Index was up 4.8% in July vs. 6.0% consensus and 6.4% June reading. All of the consumer price increase came from food. PPI eased a bit on weaker dollar and lower commodity prices. Consumer inflation […]

 

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