Economics
Key Developments & Chart of the week
The virus still drives G7 GDP, while the US and China record no significant inflation.
|
Outcome |
Previous |
Comment |
|
|
China CPI (Jan; y-o-y) |
-0.3% |
0.2% |
No signs of consumer price pressures |
|
China PPI (Jan; y-o-y) |
0.3% |
-0.4% |
First positive reading since Feb 2020 |
|
US core CPI (Jan; y-o-y) |
1.4% |
1.6% |
No evidence for inflation concern |
|
UK GDP Q4 (QoQ; preliminary) |
1.0% |
16.1% |
Renewed lockdown hits recovery |
China inflation
- CPI inflation slipped back into negative territory (somewhat distorted by the timing of Lunar New Year), while PPI inflation turned (modestly) positive for the first time since the start of the pandemic, driven by continued resurgence in manufacturing activity and costs of raw materials.
