Australia's Core Inflation Rises to 3.7%, Beating Forecasts and Firming RBA Hike Bets
Headline prices rose 4.3% in the year to September as fuel surged, and bond markets now put the odds of a Nov. 3 rate increase above 80%.
Growth & Inflation
Inflation
- China Economy
China's Factory Activity Shrinks as Official PMI Falls to 49.3, Missing Forecasts
Export orders and imports both contracted as holiday demand faded, while services stalled at 50 and construction orders sank to 40.
- Taiwan Economy
Taiwan's Economy Grows 14.36%, Fastest Third Quarter in 48 Years, as AI Exports Surge
Capital formation jumped 26.36% as chip-equipment imports climbed, marking Taiwan's fourth straight quarter of double-digit growth.
- Indonesia Economy
Indonesia's Economy Grows 5.47% in Third Quarter, Beating Forecasts on State Spending
Government consumption jumped 8.95% and construction grew 6.42% as Jakarta's priority programs lifted output, while household spending held near 5%.
- PMIs
Asia's Chip Exporters Lose Factory Momentum as Korea PMI Drops to 51.3, Indonesia Hits 54
Final October surveys show Taiwan, Japan and South Korea cooling while Indonesia, Thailand and Malaysia speed up, and China holds at 52.
- Indonesia Economy
Indonesia's Inflation Eases to 3.23% in October as Chili Prices Jump and Core Stays Soft
Volatile food prices rose 0.77% in the month, but core inflation of 2.56% leaves the headline rate inside Bank Indonesia's target band.
- Inflation
Australia's Producer Prices Rise 3.6% as Copper, Wages and Rents Keep Cost Pressure High
Final demand prices rose 1.1% in the September quarter even as oil eased, and the RBA cited firms' cost pressures when it lifted rates to 4.85% on Nov. 3.
- U.S. Economy
U.S. Services PMI Eases to 54.5 as Prices Stay at 73 and Memory Costs Climb for 10th Month
All 10 ISM services indexes expanded in October for the first time since February, while purchasers cited tariffs on Southeast Asian goods and costly freight from Asia.
- South Korea
South Korea's Inflation Eases to 2.8% in October as Fuel Jumps 14.9% and Core Holds Firm
Cheaper cabbage and apples offset a diesel spike, but core prices held at 2.8%, and economists such as Citi's Kim Jin-wook expect a Bank of Korea hike in November.
- India
India's Industrial Output Growth Slows to 6.7% in September as Mining Shrinks 6.2%
Manufacturing and power kept factory output growing at a four-month low pace, while mining posted its third straight monthly contraction.
- Taiwan
Taiwan's Inflation Eases to 2.33% in October as Import Prices Jump a Record 33%
Consumer prices stayed above the 2% alert line for a sixth month, while factory-gate and import costs surged on oil, metals and AI hardware demand.
