MNI China Daily Summary: Wednesday, November 20

MNI BRIEF: Chinese Aluminium Exporters To Renegotiate Prices

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CHINA PBOC CONDUCTS CNY302.1 BLN VIA 7-DAY REVERSE REPOS WEDS

MNI: US MBA: MARKET COMPOSITE +1.7% SA THRU NOV 15 WK

MNI: EUROZONE SEP CONSTRUCTION OUTPUT -0.1% M/M, -1.6% Y/Y

MNI: GERMANY OCT PRODUCER PRICES -1.1% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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UK DATA: Brightmine: Median Pay Awards Remain at 4%

UK DATA
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  • Brightmine median basic pay awards in the 3 months to October remained at 4.0% for the fourth consecutive month.
  • The release states "Businesses cite economic constraints, affordability, and recent government budget measures as primary factors expected to impact pay award decisions in 2025." The Brightmine 2025 Pay Forecast forecast looks for a rise of 3.0%.
  • Despite median awards remaining stable, the interquartile range widened with the upper quartile rising to 5.5% whilst the lower quartile fell to 3.0%.
  • The rolling quarter of data is based on 24 pay awards hat came into effect between 1 August and 30 October 2024 (down notably from 64 in the July to September period) covering over 240,000 employees (versus 433,000 employees covered in the last rolling quarter).
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  • Brightmine median basic pay awards in the 3 months to October remained at 4.0% for the fourth consecutive month.
  • The release states "Businesses cite economic constraints, affordability, and recent government budget measures as primary factors expected to impact pay award decisions in 2025." The Brightmine 2025 Pay Forecast forecast looks for a rise of 3.0%.
  • Despite median awards remaining stable, the interquartile range widened with the upper quartile rising to 5.5% whilst the lower quartile fell to 3.0%.
  • The rolling quarter of data is based on 24 pay awards hat came into effect between 1 August and 30 October 2024 (down notably from 64 in the July to September period) covering over 240,000 employees (versus 433,000 employees covered in the last rolling quarter).