U.S. Consumer Price Index Rose 0.4% In April
U.S. consumer price index rose 0.4% in April vs. 0.4% consensus and March reading of 0.5%. On year level CPI inflation is running at 3.2%.
Archive for May, 2011
U.S. Producer Price Index Rose 0.8% In April
U.S. producer price index rose 0.8% in April vs. 0.6% consensus. March reading was at 0.7%. On year level PPI is up 6.6%.
U.S. Retail Sales Rose 0.5% In April
U.S. retail sales were reported up 0.5% in April vs. o.6% consensus. March reading was at +0.9% (revised from +0.4%). On year level retail sales are up 7.6%.
U.S. Initial Jobless Claims At 434.000; Down 44.000
Initial jobless claims in the U.S. were reported at 434.000 vs. 430.000 consensus and last week revised (up 4.000) reading of 478.000.
Not looking good.
U.S. Petroleum Weekly – May 12, 2011
Mixed bag of data. Low refinery utilization rates, low net imports, low product stocks. On the other hand high level of crude oil .
Driving season could begin to lower the crude inventory.
Daily Reading – Wednesday, April 11, 2011
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China Fixed Asset Investments Up 25.4% In April
hina fixed asset investments were up 25.4% y-o-y in April; March reading was at 25.0%. Consensus was at 24.9%.
China Retail Sales Up 17.1% In April
China retail sales rose 17.1% y-o-y in April vs. 17.4% March reading. Consensus was at 17.6%.
Industrial Production In China Up 13.4% In April
Industrial production in China was up 13.4% y-o-y in April; March reading was at 14.8%. The consensus was at 14.6%.
Somewhat soft.
China April CPI Inflation At 5.3%; PPI Inflation At 6.8%
China Consumer Price Index was up 5.3% in April, vs. 5.2% consensus and 5.4% March reading. Food CPI edged lower from 11.7% y-o-y to 11.5% y-o-y; Non-food CPI remained at 2.7% y-o-y.
China Producer Price Index was up 6.8% vs. 7.0% consensus and 7.3% March reading. Declining which is a good sign for the CPI.
Overall, PBOC efforts to contain inflation are catching up.
Strong China New Loan Issuance In April; Rate Of Money Supply Growth Eases
The most broad measure of money supply – M2 rose 15.3% y-o-y in April vs. 16.6% consensus and 16.6% rise in March.
Chinese banks issued CNY 740 billion of new loans in April vs. CNY 679.5 billion in March and consensus of CNY 700.0 billion. The government has not provided a target for this year, but inferring on Q1 numbers the pace of loan growth could be similar to last years pace.
Daily Reading – Tuesday, May 10, 2011
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China Trade Balance Rose In April
China trade balance was reported at USD 11.4 billion vs. USD 0.1 billion in March and USD 3.2 billion consensus. Export and import growth were running at 29.9 and 21.8 percent vs. 35.8 and 27.3 percent y-o-y in March
Strong set of figures.
Daily Reading – Monday, May 9, 2011
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Dry Bulk Weekly – May 9, 2011
Baltic dry index rose 5.6% last week; Capesize Index was up 0.1%; Panamax Index rose 22.0%; Supramax Index was down 0.3%; Handysize Index fell 0.6%.
Commodities stockpiles were not released, but judging by the price action I suspect no major changes.