The Economic update – October 2012

  • US – good news in the housing sector which showed signs of recovering and the industrial sector where capacity utilisation rose.
  • Asia – further signs of weakening in Japan. In China GDP growth fell again but there are some signs that the slowdown is levelling out.
  • Australia – RBA cuts rates on concerns of global growth slowdown. Underlying Inflation rose slightly but is still in line with forecasts.
  • Mixed performance on global equity markets. US was weaker due to poor corporate reporting and Europe was slightly stronger.
  • Spanish government aims…

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