Market WATCh Weekly 20 January 2023

Market WATCh Weekly 20 January 2023

January 20, 2023

In Australia, employment unexpectedly fell in December, while the unemployment rate remained at 3.5%. Westpac consumer confidence saw a significant gain in January, but remained depressed. Melbourne Institute inflation gauge signalled a decline in inflation in December. Offshore, US activity data for December were weaker than expected, while the annual rate of US PPI inflation saw a significant decline. Chinese Q4 GDP and December activity data surprised to the upside.

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