MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

MNI BRIEF: PBOC To Watch CNY Moves Closely - Vice Governor Zhu

MNI BRIEF: China Aims To Digitalise 70% Of Firms By 2025

MNI BRIEF: Q1 Cross Border Activity Up 117.8% - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: EUROZONE FEB CONSTRUCTION OUTPUT +1.8% M/M, -0.4% Y/Y

Q1 Industry Survey Suggests H1 Growth Tailwind

Indonesian Sov Curve Flattens, Barclays See BI Cutting Next Week

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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PMI: "Unprecedented" rise in output prices

GERMAN DATA
  • Upside surprise to manufacturing but downside surprise to services. More important, however is the rate of inflation which the press release describes as "unprecedented" for output prices. Highlights from the press release:
  • The "latest data pointed to an uptick in inflationary pressures across the German private sector, with October seeing faster increases in both input costs and output charges."
  • "The rate at which firms' input costs rose was the second-quickest in the survey history, just behind that seen in June... The rate of inflation in average charges for goods and services was the quickest since this series began in September 2002. Both monitored sectors saw unprecedented increases in output prices in October."
  • "Firms also reported hiring in the hope of greater activity in the coming months. Business expectations towards future activity showed a slight improvement in October and were above the historical average, although they were still the second-lowest in the year-to-date."
  • "The uptick in confidence was driven by the service sector. The degree of optimism among manufacturers, by contrast, continued to wane, dropping to the lowest since July last year."
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