China to release crucial CPI figures

January 10, 2017

China is the focus of today in another reasonably quiet day of announcements.

China is releasing two figures, with one of them being their crucial CPI data. The other being PPI (Producer Price Index). Both figures are consumer driven, meaning stronger demand for products and services will push prices up, therefore pushing up inflation. Consumer demand in China is vital in the world economy as their trade strength (importing goods from other countries) helps keep the economies from smaller countries “ticking over”.

Elsewhere around the world, Japan is releasing Consumer Confidence data, Switzerland is releasing its Unemployment Rate, Europe is releasing French Industrial Production data, Canada is releasing Housing Starts & Building Permits figures and finally, the US is releasing JOLTS Job Openings, Final Wholesale Inventories & NFIB (National Federation of Independent Business) figures.

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