Germany released disappointing data indicating a fall of 3% in December industrial output in Europe’s largest economy.
The decline contrasts with the trend in November and October.
Japan has posted today some macroeconomic data which painted a confusing picture about the activity’s in the third largest economy in the world.
The country’s industrial output grew for the second month in a row view of the increasing demand for Japanese goods, caused by by the weakening of the Japanese yen.
December industrial output rose by 0.5%, continuing a surge of 1.5% in November.
Other data released today indicate a decline in consumer spending, which may explain the expected slowdown in growth in the fourth quarter.
The industrial output in November rose by 6.2%, following an increase of 6.1% last month.
China’s retail sales jumped by 10.8% in November after rising by 10% in October versus expectations of a rise of 10.3%.
The industrial machinery orders in Japan rose in October by 4.1% compared to the previous month, beyond analysts’ expectations of a 1% increase.
The industrial machinery orders is considered an important indicator of capital spending in the next 9-6 months.
German industrial output in October rose less than the analysts viewed, which indicating that Europe’s strongest economy started the fourth quarter at a slower pace.
The output rose by 0.3% compared to September (seasonally adjusted), compared with an average forecast a rise of 0.8%.
The trading on the Asian stock markets conducted with a mixed trend, at the background of mixed macroeconomic data in China which weigh down the trading, while weakening the Japanese yen that benefited the Japanese exporters and the Tokyo Stock Exchange.
China National Statistics Office published today that retail sales in October increased by 10% compared to October 2015, but a drop compared to the 10.7% increase in September.
Another data pointed of a growth of 6.1% in industrial output – a figure identical to that published last month, but it was short compared to the economists’ forecasts.
The German industrial output was lower than expected in September.
According to data released today, the total output fell by 1.8%, after a rise of 3% in the previous month.
More data from the US:
The ISM Non-Manufacturing sector index in October stood at 54.8 points, compared with the forecast of 56 points.
The Industrial productivity rose 3.1% vs. a forecast of 2% in the third quarter.
More data’s from Japan are signaling on weakness of the local economy.
The industrial output in September remained stable compared with August in the shadow of slow growth in the world, while the retail sales dropped by 1.9% compared to September 2015, also, it was the seventh consecutive month of declines.
UK – the industrial output in Britain rose slightly in July, 0.1%, according to official data released today.
An increase in the output of oil and gas in the North Sea compensated for the decline in other sectors.