MNI China Daily Summary: Wednesday, February 19

MNI BRIEF: China Jan Utilised FDI Lower Than Last Year

MNI BRIEF: China Unveils Plan To Attract Foreign Investors

MNI BRIEF: China To Ensure Credit Supply For Private Companies

MNI BRIEF: China Bond Connect Holdings Down In January

MNI: China Tier-one Housing Markets Likely To Stabilise

MNI: UK JAN CPI -0.1% M/M, +3% Y/Y

RBNZ SAYS IT HAS SCOPE TO LOWER FURTHER IN 2025

MNI: RBNZ CUTS OCR 50BP TO 3.75%

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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SOUTH KOREA: PMI Bounce Good News for the BOK. 

SOUTH KOREA
EM BulletBulletSouth KoreaAPACEmerging Market News
  • South Korea’s January PMI printed at +50.3, up from +49.0 prior.
  • Within the print, output shows positive signs, rising to +50.2 from +47.8 in December, the highest reading since August 2024 with new orders on the rise also.
  • When coupled with the much stronger than expected industrial production release today, this is welcome relief for the BOK as they prepare to meet later this month.
  • Both data points show signs of re-bound for the Korean economy giving the Central Bank reasons to be patient. 
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  • South Korea’s January PMI printed at +50.3, up from +49.0 prior.
  • Within the print, output shows positive signs, rising to +50.2 from +47.8 in December, the highest reading since August 2024 with new orders on the rise also.
  • When coupled with the much stronger than expected industrial production release today, this is welcome relief for the BOK as they prepare to meet later this month.
  • Both data points show signs of re-bound for the Korean economy giving the Central Bank reasons to be patient.