Archive for June 14th, 2011

NFIB Small Business Optimism Index For May At 90.9

NFIB Small Business Optimism Index for May was reported at 90.9 vs. consensus of 90.5 and prior reading of 91.2.

U.S. Retail Sales Fell 0.2% In May

U.S. retail sales were reported down 0.2% in May vs. -0.3% consensus. April reading was at 0.3% (revised from 0.5%). On year level retail sales are up 7.8%.

U.S. Producer Price Index Rose 0.2% In May

U.S. producer price index rose 0.2% in May vs. 0.1% consensus. April reading was at 0.8%. On year level PPI is up 7.0%.

Industrial Production In China Rose 13.3% In May

Industrial production in China rose 13.3% y-o-y in May; April reading was at 13.4%. Consensus was at 13.1%.

China Retail Sales Up 16.9% In May

China retail sales rose 16.9% y-o-y in May vs. 17.1% April reading. Consensus was at 17.0%.

China May CPI Inflation At 5.5%; PPI Inflation At 6.8%

China Consumer Price Index was up 5.5% in May, vs. 5.2% consensus and 5.3% April reading.

China Producer Price Index was up 6.8% vs. 6.8% consensus and 6.8% April reading.

Strong PPI suggest that the inflation will not come down so fast.

The POBC rose the reserve requirement after the CPI release (to 21%(21.5% for large institutions and 19.5% for small and medium-sized institutions)).


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