MNI BRIEF: China To Empower AI For Economic Growth - Li Qiang

MNI China Daily Summary: Tuesday, June 25

MNI: PBOC Net Injects CNY214 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1225 Tues; -0.94% Y/Y

CHINA PBOC CONDUCTS CNY300 BILLION VIA 7-DAY REVERSE REPOS TUES

Construction Likely to Contribute Less to Q2 than Q1 GDP Growth

MNI Riksbank Preview: June 2024 - Guidance For Two More Cuts Still In Tact

Recent PPI Trends Signal Stalling Of Core Goods HICP Disnflation

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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US: Recap of Economic Indicators 

Repeats Story Initially Transmitted at 21:06 GMT Jul 31/17:06 EST Jul 31
                             Jul-17   Jun-17   May-17   Apr-17   Mar-17   Feb-17
--------------------------------------------------------------------------------
UI Claims/4wk avg
wk 1                        250/244  245/242  238/243  235/250  252/244  237/245
wk 2                        248/246  238/243  236/244  234/247  246/243  248/247
wk 3                        234/244  242/245  233/241  243/243  261/247  247/246
wk 4                        244/244  244/242  235/236  257/242  259/255  227/240
wk 5                                          255/240
Nonfarm Payrolls                       +222k    +152k    +207k     +50k    +232k
Private Payrolls                        +187    +147k    +194k     +77k    +222k
Mfg Payroll                              +1k      -2k      +9k     +11k     +22k
Unemployment                            4.4%     4.3%     4.4%     4.5%     4.7%
Avg Wkly Hours                          34.5     34.4     34.5     34.3     34.3
Avg Hours - Mfg                         40.8     40.7     40.7     40.6     40.7
Aggr Hours Index                       +0.5%    -0.2%    +0.8%     flat    -0.1%
Aggr Hrs Index - Mfg                   +0.2%     flat    +0.3%    -0.1%    -0.1%
Avg Hourly Earnings                    +0.2%    +0.1%    +0.3%    +0.2%    +0.1%
Final Demand PPI                       +0.1%     Flat    +0.5%    -0.1%    +0.3%
excl food & energy                     +0.1%    +0.3%    +0.4%     0.0%    +0.3%
excl food, energy, trade               +0.2%    -0.1%    +0.7%    +0.1%    +0.3%
CPI                                     Flat    -0.1%    +0.2%    -0.3%    +0.1%
excl food & energy                     +0.1%    +0.1%    +0.1%    -0.1%    +0.2%
Import Prices                          -0.2%    -0.1%    +0.2%    -0.2%    +0.3%
non-petro import prices                +0.1%     Flat    +0.3%    +0.1%    +0.3%
ISM Mfg Prices Pd Index                 55.0     60.5     68.5     70.5     68.0
Core PCE Price Index                            +0.1%    +0.1%    -0.1%    +0.2%
Treasury Budget (bn)                  -$90.2   -$88.4  +$182.4  -$176.2  -$192.0
Consumer Credit (bn)                           +$18.4   +$12.9   +$14.7   +$16.6
CB Consumer Confidence        121.1    117.3    117.6    119.4    124.9    116.1
Consumer Sentiment             93.4     95.1     97.1     97.0     96.9     96.3
Car Sales, saar (mn)                     4.0      4.2      4.3      4.3      4.3
Truck Sales, saar (mn)                   8.7      8.5      8.6      8.6      9.2
Total, saar (mn)                        12.7     12.7     12.9     12.9     13.5
Retail Sales                           -0.2%    -0.1%    +0.3%    +0.1%    -0.2%
excl motor vehicles                    -0.2%    -0.3%    +0.3%    +0.3%    +0.1%
Personal Income                                 +0.4%    +0.3%    +0.2%    +0.4%
Personal Spending                               +0.1%    +0.4%    +0.4%    +0.1%
ISM Mfg Index                           57.8     54.9     54.8     57.2     57.7
ISM Nonmfg NMI                          57.4     56.9     57.5     55.2     57.6
MNI Chicago Report             58.9     65.7     59.4     58.3     57.7     57.4
Phila Fed Mfg Index            19.5     27.6     38.8     22.0     32.8     43.3
Phila Fed Nonmfg Index         23.4     33.6     25.6     30.1     35.4     29.3
Empire State Index              9.8     19.8     -1.0      5.2     16.4     18.7
Markit Mfg Index                        52.0     52.7     52.8     53.3     54.2
Markit Nonmfg Index                     54.2     53.6     53.1     52.8     53.8
Ind Production                         +0.4%    +0.1%    +0.8%    +0.1%    +0.3%
Capacity Util                          76.6%    76.4%    76.4%    75.8%    75.9%
Factory Orders                                  -0.8%    -0.3%    +1.0%    +0.8%
Factory Orders ex
transport                                       -0.3%     Flat    +0.2%    +0.3%
Durables                               +6.5%    -0.1%    -0.8%    +2.4%    +1.4%
Durables ex transport                  +0.2%    +0.6%    -0.4%     0.9%    +0.3%
Nondurables                                     -0.8%    +0.2%    -0.3%    +0.3%
Mfg Shipments                                   -0.1%    +0.0%    -0.2%    +0.3%
Business Inventories                            +0.3%    -0.2%    +0.2%    +0.3%
Factory                                         -0.1%     Flat    +0.2%    +0.2%
Retail                                          +0.6%    -0.2%    +0.2%    +0.3%
Wholesale                                       +0.6%    -0.5%    +0.2%    +0.4%
Housing Starts (mn)                    1.215    1.122    1.154    1.189    1.288
Building Permits (mn)                  1.275    1.168    1.228    1.260    1.219
NAHB Index                       64       66       69       68       71       65
New Home Sales (k)                       610      605      577      638      615
Existing Homes (mn)                     5.52     5.62     5.56      5.7     5.47
Pending Home Sales Index               110.2    108.6    109.4    111.3    112.3
Construct Spending                               Flat    -0.7%    +0.3%    +1.9%
Private Residential                             -0.6%    -0.5%    +0.8%    +4.6%
Trade Balance (bn)                             -$46.5   -$47.6   -$45.3   -$44.9
Exports (bn)                                   $192.0   $191.2   $191.5   $191.7
Imports (bn)                                   $238.5   $238.8   $236.7   $236.6
Goods Only, BOP (bn)                           -$63.9   -$68.4   -$66.1   -$65.3
Leading Index                          +0.6%    +0.2%    +0.2%    +0.3%    +0.5%
                                       Q2-17             Q1-17             Q4-16
GDP (chain-wt)                         +2.6%             +1.2%             +1.8%
Final Sales                            +2.6%             +2.7%             +0.7%
Chain prices                           +1.0%             +2.0%             +2.0%
Current-dollar                         +3.6%             +3.3%             +3.8%
                                                         Q1-17             Q4-16
Nonfarm Productivity                                      Flat             +1.8%
Nonfarm Unit Labor Costs                                 +2.2%             +1.3%
                                       Q2-17             Q1-17             Q4-16
ECI (q/q)                              +0.5%             +0.8%             +0.5%
--MNI Washington Bureau; +1 212-800-8517; email: sara.haire@marketnews.com
[TOPICS: MTABLE]
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