China's demand for exports and imports sinks on the global economic woes

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Source: BBC
The global demand for China's exports declined in January amid world's economic fears that dampened consumers' confidence. New export order index decreased from 48.6 to 46.9 in December while import index also faced losses, falling from 49.3 to 46.9 in December.  Experts predict China's exports to fall further unless key importers like Europe and the US manage to resolve economic difficulties.
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Wed, 01 Feb 2012 09:44:50 GMT

Australian PMI hit 51.6 in January

Australian manufacturing activity remained in the positive area last month, reported Australian Industry Group. The PMI for January added 1.4 points, approaching 51.6 in January. The largest contributors to the gains were delivery inputs and finished goods inventories. However, experts cited global economic uncertainty as the major factor curbing the growth.

Wed, 01 Feb 2012 12:18:41 GMT

Australian home prices decline more than predicted

Australia's housing prices fell in 2011, making the biggest annual drop since 2002. The gauge estimating prices in eight biggest cities slipped 4.8% compared to previous year. Prices edged down 1% on quarterly basis. Sharp drop in prices might be associated with uncertainty about global economy and its possible effect on property market, suggest analysts. 

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