Tag Archives: China Exports

To the naked eye, it represents progress. China has still an enormous rural population doing subsistence level farming. As the nation grows economically, such a way of life is an inherent drag, an anchor on aggregate efficiency Chinese officials would rather not put up with. Moving a quarter of a billion people into cities in an historically condensed time period calls for radical thinking, and radical doing. In one...

Chinese trade statistics were for May 2017 better than expected by economists, but on the export side questions remain as to their accuracy. Earlier this year discrepancies between estimates first published by the General Administration of Customs (GAC), those you find reported in the media, and what is captured by the National Bureau of Statistics (NBS), backed up by data from the Ministry of Commerce, became...

Swiss Franc The Euro has fallen by 0.11%  to 1.0852 CHF. EUR/CHF - Euro Swiss Franc, June 08(see more posts on EUR/CHF, ) - Click to enlarge FX Rates Today has an anti-climactic feel to it. Yesterday’s leak of what is purported to be the ECB staff forecasts point to small downward revisions to inflation forecasts and an ever small upward tweak to growth. This would be in line with only mild changes in the forward...

Swiss Franc EUR/CHF - Euro Swiss Franc, May 08(see more posts on EUR/CHF, ) Source: Investing.com - Click to enlarge FX Rates The US Dollar Index initially fell to its lowest level since mid-November to 98.50. It rebounded but stalled in front of the pre-weekend high near 99.00. This area must be overcome to lift the tone. Sterling stretched to a marginal high but faded in front of $1.30. Initial support is seen...

First quarter GDP in China rose 6.9%, better than expected and above the government’s target (6.5%) for 2017. It stands to reason, however, that if Communist officials thought they could get 6.9% to last for the whole year they would have made it their target, especially since 6.5% would be less than the GDP growth rate for 2016 (6.7%). In only that one way is China’s GDP statistic meaningful. Due to unanswered...

As with all statistics, there are discrepancies that from time to time may obscure the meaning or validity of the particular estimate in question. For the vast majority of the time, any such uncertainties amount to very little. Overall, harmony among the major accounts reduces the signal noise from any one featuring a significant inconsistency. There are, of course, various economic areas where estimates are going to...

Swiss Franc Switzerland Producer Price Index (PPI) YoY March 2017(see more posts on Switzerland Producer Price Index, ) Source: investing.com - Click to enlarge FX Rates The US dollar slid after US President Trump complained about its strength.  The sell-off extended into early Asian activity, before stabilizing.  It is mixed in late morning European turnover, which is already lightening up due to the extended...

Swiss Franc Switzerland Consumer Price Index (CPI) YoY, February 2017(see more posts on Switzerland Consumer Price Index, ) Source: Investing.com - Click to enlarge GBP/CHF The pound to Swiss Franc rate has deteriorated further in the last 24 hours as uncertainty over the Brexit and economic data for the UK weigh on the performance of the pound. I would suggest rates are going to continue to struggle for Swiss...

The National Bureau of Statistics (NBS) of China does not publish any of the big three data series (Industrial Production, Retail Sales, Fixed Asset Investment) for the month of January. It combines January data with February data because of the large distortions caused by Lunar New Year holidays. Unlike Western holidays that are but a single day, the Golden Week is a week, and therefore when the calendar points do not...

Swiss Franc EUR/CHF - Euro Swiss Franc, February 10(see more posts on EUR/CHF, ) - Click to enlarge Sterling vs the Swiss Franc has been climbing recently as the Brexit talks appear to be going the right way at the moment. The talks are progressing and it has been confirmed that the government will be allowed to vote on the final agreement prior to the triggering of Article 50. The Pound is still under huge...