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RP Data Rismark House Prices; Performance of Manufacturing
Home prices rose for the seventh consecutive month: The RP Data – Rismark Home Value Index reported that capital city home prices rose by 1.4 per cent in December to be up 9.8 per cent over the year. Home prices are up 8.4 per cent in the past seven months – marking the biggest gains for a similar period in over four years
Manufacturing contracts: The Performance of Manufacturing index was unchanged at 44.3 in December. Any reading below 50 suggests manufacturing is contracting.
Chinese manufacturing sector expands. The official Purchasing Managers index for China eased from 50.8 to 50.5 in December.
What does it all mean?
What do the figures show?
House price prices
Performance of Manufacturing
What is the importance of the economic data?
What are the implications for interest rates and investors?
Source – Savanth Sebastian, Economist, CommSec
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