Day: March 1, 2023

China Data Rebounds Firmly The latest data out of China overnight has painted an encouraging picture of the economic recovery underway there since the government abandoned its zero covid policy at the start of the year. The latest CAIXIN manufacturing PMI reading was seen jumping to 51.6 last month, up from 49.2 in January. As […]

US Orders for durable goods – one of the key components of consumption, which is a decent proxy of households’ expectations of future incomes, posted decent gain in January. The headline reading declined MoM, however, excluding defense products and civil aviation, it rose by 0.8% (forecast was 0.1%). The latter indicator is more important because […]