Singapore Business PMI Slips To 51.4 – Nikkei

The private sector in Singapore continued to expand in February, albeit at a slightly lower pace, the latest survey from Nikkei revealed on Friday with a PMI score of 51.4.

That’s down from 51.6 in January, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, there were slower rises in both output and total new orders, but input buying growth accelerated despite business pessimism.

There were smaller increases in selling prices due to slowing inflation.

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Japan CPI Rises 0.4% On Year In January

Nationwide consumer prices in Japan gained 0.4 percent on year in January, the Ministry of Internal Affairs and Communications said on Friday.

That was in line with expectations and up from 0.3 percent in December.

Core CPI, which excludes fresh food costs, added 0.1 percent on year – topping forecasts for a flat reading following the 0.2 percent decline in the previous month.

On a monthly basis, overall inflation added 0.1 percent and core CPI was up 0.3 percent.

Overall inflation in the Tokyo region – considered a leading indicator for the nationwide trend – was down 0.3 percent on year in February. That missed expectations for -0.1 percent after gaining 0.1 percent in January.

Core CPI for Tokyo also fell 0.3 percent – unchanged but missing forecasts for -0.2 percent.

Also on Friday, the bureau said:
. Household spending in Japan was down 1.2 percent on year in January, standing at 279,249 yen.

That missed forecasts for a decline of 0.3 percent on year, which would have been unchanged from the December reading.

The average of monthly income per household stood at 441,064 yen, up 1.0 percent on year.

The average of consumption expenditures per household was 307,150 yen, down an annual 2.3 percent.

. The unemployment rate in Japan came in at a seasonally adjusted 3.0 percent in January – in line with expectations and down from 3.1 percent in December.

The job-to-applicant ratio was 1.43 percent, unchanged from the previous month but shy of forecasts for 1.44 percent.

The number of employed persons in January was 64.70 million, an increase of 460,000 or 0.7 percent on year.

The number of unemployed persons in January was 1.97 million, a decrease of 140,000 or 6.6 percent on year.

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Japan Household Spending Sinks 1.2% In January

Household spending in Japan was down 1.2 percent on year in January, the Ministry of Internal Affairs and Communications said on Friday – standing at 279,249 yen.

That missed forecasts for a decline of 0.3 percent on year, which would have been unchanged from the December reading.

The average of monthly income per household stood at 441,064 yen, up 1.0 percent on year.

The average of consumption expenditures per household was 307,150 yen, down an annual 2.3 percent.

The material has been provided by InstaForex Company – www.instaforex.com

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South Korea January Current Account Surplus $5.28 Billion

South Korea posted a current account surplus of 5.28 billion in January, the Bank of Korea said on Friday.

That follows the $7.87 billion surplus in December.

The goods account surplus narrowed to $7.81 billion, compared to $8.19 billion in January last year.

The services account deficit was $3.36 billion, up from $1.84 billion in January 2016, as the travel account deficit widened and the use of intellectual property account shifted from surplus to deficit.

The primary income account surplus narrowed from $1.23 billion one year before to $1.09 billion, in line with a decrease in the income on equity account.

The secondary income account recorded a $0.27 billion deficit.

The financial account recorded an overall $4.35 billion increase in net assets in January.

Direct investment assets increased by $3.85 billion, while direct investment liabilities grew by $0.58 billion.

There was a $6.05 billion expansion in portfolio investment assets during January, and a $1.28 billion increase in portfolio investment liabilities.

Financial derivatives posted a net contraction of $0.32 billion.

Looking at other investment, there was a decrease of $1.66 billion in assets and an increase of $1.98 billion in liabilities.

Reserve assets expanded by $0.26 billion.

Also on Friday, Statistics Korea said that consumer prices in South Korea were up 1.9 percent on year in February.

That exceeded forecasts for 1.7 percent and was down from 2.0 percent in the previous month.

On a monthly basis, inflation was up 0.3 percent after gaining 0.9 percent in January.

Core CPI, which excludes food prices, added 0.2 percent on month and 1.5 percent on year after rising 0.6 percent on month and 1.5 percent on year a month earlier.

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