Japan's industrial production unexpectedly falls

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Source: Bloomberg
Japan's industrial output unexpectedly declined in July, escalating concerns that weak global demand is impairing the country's economic recovery. Production fell 1.2% in July from the previous month, when it grew 0.4%, the Trade Ministry reported. Export slowdown and the government's decision to curb subsidies for car purchases are clouding the outlook for manufacturing and growth in Japan. 
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Fri, 31 Aug 2012 06:54:15 GMT

Australia private sector credit rises in July

Australia's private sector credit expanded 0.2% on month in July, compared to a 0.3% increase in preceding month and below analysts' estimate of 0.4% growth. On year-on-year basis, it rose 4.2%, after surging 4.4% in June, the same 4.4% rise was forecast for August. AUD/USD was not affected by the data, trading at 1.0292/97, session high.

Fri, 31 Aug 2012 08:21:15 GMT

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