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CHINA INFLATION CLIMBS 1.6% ON YEAR IN NOVEMBER



Consumer prices in China were up 1.6 percent on year in November, the National Bureau of Statistics said on Friday.

That was in line with expectations and down from 2.1 percent in October.

On a monthly basis, consumer prices fell 0.2 percent - again matching forecasts following the 0.1 percent increase in the previous month.

The bureau also said that producer prices dropped 1.3 percent on year versus expectations for a decline of 1.4 percent after slipping 1.3 percent a month earlier.

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JAPAN LARGE MANUFACTURERS' SENTIMENT DETERIORATES SHARPLY IN Q4



Japan large manufacturers' sentiment deteriorated notably in the fourth quarter, the business outlook survey published by the Ministry of Finance showed on Monday. At -3.6, the business survey index of large manufacturers turned negative in the fourth quarter, down from +1.7 in the third quarter. The index is forecast to rise to +1.4 in the next quarter. Meanwhile, for large non-manufacturers, the business survey index rose to 2.7 from -0.2 in the third quarter. But the score is forecast to weaken to 1.9 in the first quarter of 2023. Consequently, the overall BSI for overall large industries stood at +0.7 versus +0.4 a quarter ago. For the coming quarter, the score is seen at 1.8.

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FRANCE Q3 PAYROLL EMPLOYMENT RISES MORE THAN ESTIMATED



France's payroll employment increased slightly more than initially estimated in the third quarter, latest data from the statistical office INSEE showed on Tuesday.

Payroll employment, which includes the private and public sectors, fell 0.4 percent or 103,200 from the previous quarter. Employment had increased 0.3 percent in the second quarter and 0.4 percent in the first quarter.

In the flash report, the rate of increase for the third quarter was 0.3 percent. Private sector payroll employment climbed 0.6 percent, or 119,100 jobs, in the third quarter compared to the second quarter, revised from a 0.4 percent rise initially estimated on November 8. On the other hand, employment in the public sector showed a decrease of 0.3 percent, or by 15,900 jobs.

Among sectors, industrial employment gained 0.5 percent, and job creation in construction grew 0.2 percent.

Data showed that jobs in market services rose 0.8 percent, while those in non-market services dropped 0.2 percent. The agricultural sector also witnessed a 1.0 percent decrease in jobs.

After two consecutive quarters of decrease, temporary employment gained 1.9 percent or 18,700. In the flash estimate, the rate of increase was 2.3 percent.

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JAPAN INDUSTRIAL PRODUCTION DECLINES 3.2%



Japan's industrial production declined more than initially estimated in October, revised data from the Ministry of Economy, Trade and Industry said on Wednesday.

Industrial production decreased by a seasonally adjusted 3.2 percent monthly in October, which was worse than the 2.6 percent fall estimated initially.

Shipments fell by 1.7 percent monthly in October and the inventories declined by 0.5 percent. The inventory ratio decreased 4.5 percent.

On a yearly basis, industrial production rose 3.0 percent in September. According to the initial estimate, the rate of growth was 3.7 percent.

The capacity utilization grew 2.2 percent month-on-month in October and rose 6.6 percent from a year ago.

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CHINA RETAIL SALES SINK 5.9% ON YEAR IN NOVEMBER



The total value of retail sales in China was down 5.9 percent on year in November, the National Bureau of Statistics said on Thursday - shy of expectations for a decline of 3.7 percent following the 0.5 percent drop in October.

The bureau also said that fixed asset investment rose an annual 5.3 percent - also missing forecasts for 5.6 percent and down from 5.8 percent in the previous month.

Industrial production added 2.2 percent on year, missing expectations for an increase of 3.6 percent and down from 5.0 percent a month earlier.

The November jobless rate crept up to 5.6 percent from 5.5 percent in October, while the house price index was steady at an annual -1.6 percent.

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SINGAPORE EXPORTS FALL MORE THAN FORECAST ON WEAKER DEMAND



Singapore's non-oil exports declined for the second straight month in November, and at a faster-than-expected pace, amid falls in both shipments of electronic and non-electronic goods, data from Enterprise Singapore showed on Friday.

Non-oil domestic exports decreased 14.6 percent year-on-year in November, which was worse than the 6.1 percent fall in October. Economists had expected a 7.4 percent drop.

Electronic exports plunged 20.2 percent, while non-electronic NODX dropped 12.8 percent.

On a monthly basis, the NODX declined 9.2 percent in November, after a 4.2 percent fall in the previous month. That was also above the 3.0 percent decrease expected by economists.

In November, non-oil domestic exports to the top 10 markets as a whole decreased, primarily as a result of China, Hong Kong, and Malaysia, while those to the EU 27, Japan, and the US increased.

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EUROPEAN ECONOMICS PREVIEW: GERMANY IFO BUSINESS CONFIDENCE DATA DUE



Business sentiment data from Germany is the top economic news due on Monday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is set to publish Germany's producer price data for November. Producer price inflation is expected to ease to 30.6 percent from 34.5 percent in October. In the meantime, foreign trade figures are due from Switzerland.

At 4.00 am ET, the ifo Institute is scheduled to issue Germany's business confidence survey results for December. The sentiment index is forecast to rise to 87.4 from 86.3 in the previous month.

Also, the European Central Bank releases euro area current account data for October. The trade deficit totaled seasonally adjusted EUR 8.1 billion in September.

At 5.00 am ET, Eurostat publishes euro area construction output for October and labor cost figures for the third quarter.

At 6.00 am ET, the Confederation of British Industry releases Industrial Trends survey results for December. The order book balance is forecast to fall to -9 from -5 in November.

At 8.00 am ET, Hungary's central bank announces its interest rate decision. The bank is widely forecast to hold its key deposit rate at 12.5 percent.

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BANK OF JAPAN EXPANDS YIELD TARGET BAND



The Bank of Japan left its key interest rate unchanged and expanded its 10-year Japanese government bond yield target band on Tuesday.

The policy board of the BoJ unanimously decided to maintain a negative interest rate of -0.1 percent on current accounts that financial institutions maintain at the central bank.

The bank will also continue to purchase a necessary amount of JGBs without setting an upper limit so that 10-year JGB yields will remain at around zero percent.

However, they decided to expand the range of 10-year JGB yield fluctuations to around plus and minus 0.5 percentage points from around plus and minus 0.25 percentage points. The bank said it is willing to take additional easing measures, if needed.

The bank also expects short and long-term policy interest rates to remain at their current or lower levels.

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EUROPEAN ECONOMICS NEWS PREVIEW: UK PUBLIC SECTOR FINANCE DATA DUE



Public sector finances from the UK and consumer sentiment survey results from Germany are the top economic news due on Wednesday.

At 2.00 am ET, the Office for National Statistics releases UK public sector finances data for November. Excluding banks, the budget deficit is seen falling to GBP 13 billion from GBP 13.5 billion in October.

In the meantime, the market research group GfK publishes consumer sentiment survey results. The forward-looking consumer sentiment index is forecast to fall to -38 in January from -40.2 in December.

At 3.00 am ET, the National Institute of Economic Research is slated to issue Sweden economic tendency survey results.

At 4.00 am ET, retail sales figures are due from Poland. Sales are forecast to grow 0.3 percent annually in November, slower than the 0.7 percent rise in October.

At 6.00 am ET, the Confederation of British Industry publishes Distributive Trades survey results. The retail sales balance is forecast to fall to -23 percent in December from -19 percent in November.

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EUROPEAN ECONOMICS NEWS PREVIEW: UK REVISED GDP DATA DUE



Quarterly national accounts data from the UK is the top economic news due on Thursday.

At 2.00 am ET, the Office for National Statistics releases UK final GDP data for the third quarter. The preliminary estimates showed that the economy contracted 0.2 percent sequentially, offsetting the 0.2 percent increase a quarter ago. The statistical office is set to confirm the preliminary estimate.

In the meantime, Statistics Sweden is set to publish producer prices and retail sales for November. Sales had decreased 1.3 percent on month in October.

At 3.00 am ET, final foreign trade data is due from Hungary.

At 4.00 am ET, Italy's Istat is scheduled to issue industrial turnover data for October. Sales had declined 1.2 percent on month in September.

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