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…