China’s Manufacturing and Non-Manufacturing PMI readings returned into expansionary territory for the first time since September. Australia’s retail sales contracted for the first time in 12 months in the December reading.
The Biden administration is reportedly taking steps toward fully blocking Huawei from buying components from suppliers in the U.S.
China’s January Manufacturing PMI 50.1 (expected 49.8; last 47.0) and Non-Manufacturing PMI 54.4 (expected 52.0; last 41.6). December Industrial Profit -4.0% YTD (last -3.6%)
Japan’s December Industrial Production -0.1% m/m (expected -1.2%; last 0.2%), December Retail Sales 3.8% yr/yr (expected 3.0%; last 2.5%). December jobs/applications ratio 1.35 (expected 1.36; last 1.35) and December Unemployment Rate 2.5%, as expected (last 2.5%). December Construction Orders 8.5% yr/yr (last -9.7%) and Housing Starts -1.7% yr/yr (expected 0.5%; last -1.4%). January Household Confidence 31.0 (expected 30.5; last 30.3)
South Korea’s December Industrial Production -2.9% m/m (expected -0.2%; last 0.6%); -7.3% yr/yr (expected -5.1%; last -3.7%). December Retail Sales 1.4% m/m (last -1.7%)
Australia’s December Retail Sales -3.9% m/m (expected -0.3%; last 1.4%) and December Private Sector Credit 0.3% m/m (expected 0.5%; last 0.5%)
Singapore’s Q4 Unemployment Rate 2.0% (last 2.0%)