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Hope springs for a global recovery

Posted on 10 December 2012

There were a few flickers of light in the global economic news over the weekend with a decent jobs report in the US and a higher turn in a range of key Chinese data. The Sunday data dump out of China suggests the world’s second largest economy is about to pick up from the three-year slowdown with industrial production and retail spending stronger than expected in November. Fixed asset investment was also strong as the business investment growth slowly recovers from a nine-year low.
At the same time, China’s annual inflation rate edged higher to 2.0 per cent in the year to November from 1.7 per cent in the year to October, while producer prices fell sharply at an annual pace of 2.2 per cent………………………………………..Full Article: Source

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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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