International Economic Data of Note
- China/Japan/Australia
- Japan
- LEI: 96.3; CEI 99.6: these have trended lower over the last 12 months
- Exports -.8% M/M
- China
- Service sector growth 7.4%
- Industrial Production +5.4%
- Retail sales +7.2%
- Fixed Asset Investment +6.1%
- Australia
- Unemployment at 5.1%
- Japan
Asia/Australia conclusion: this week's news was disappointing. Chinese retail sales hit a multi-year low while industrial production fell back after a strong advance the previous month. This could simply be a natural fall-back after a strong month. Japanese news is fair, but there's an underlying softness that is concerning. Australia remains in decent