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March 31, 2025
China Yuan traded at 7.2565 against USD at 9:00 AM PST.
China's manufacturing activity logged its fastest growth in March of the year as exports surged ahead of further tariff hikes. The factory PMI posted 50.5 in March compared to 50.2 the prior month, the National Bureau of Statistics said. A score above 50.0 indicates expansion in the sector. The reading was seen at 50.4. Likewise, the non-manufacturing PMI rose to 50.8 in March from 50.4 the previous month. The expected reading was 50.5. The composite output index advanced to 51.4 in March from 51.1 in February. 03/31/2025 - 02:15:00 (RTTNews)
Hong Kong Dollar traded at 7.7801 against USD at 9:00 AM PST.
Hong Kong's retail sales value declined the fastest in ten months in February, preliminary data from the Census and Statistics Department showed. The value of retail sales plunged 13.0% yearly in February, much faster than the 3.1% drop in January. Sales have been falling since March 2024. Online sales, which accounted for 7.8% of the total sales value in February, decreased by 7.3% from last year versus a 2.8% decline the previous month. Sales at department stores showed a sharp decrease of 21.3% compared to last year, and those at supermarkets slid by 13.7%. Sales of consumer durable goods decreased by 16.4%, and those of clothing, footwear, and allied products plunged by 14.7%. 03/31/2025 - 08:09:00 (RTTNews)
Germany's import prices grew at the fastest pace in more than two years in February, data from Destatis released. Import prices rose 3.6% in February, following January's 3.1% increase. The import price index registered its fastest growth since January 2023. The annual growth was driven by prices of consumer goods, non-durable consumer goods, and agricultural goods. Monthly, import prices increased by 0.3% but slower than the 1.1% increase seen in January. This was the weakest growth in the current five-month sequence of expansion. Further, data showed that export prices were 2.5% higher than in the same period last year, marking the largest annual increase recorded since March 2023. This followed January's 2.4% increase. MoM, export price inflation softened to 0.3% from 0.7% in January. 03/31/2025 - 03:30:00 (RTTNews)
This market update is prepared by Cathay Bank for informational purposes only and does not constitute any form of legal, tax or investment advice, nor should it be considered an assurance or guarantee of future exchange rate movements or trends. This information is provided without regard to the specific objectives, financial situations or needs of any recipient. Cathay Bank does not make any representations or warranties about the accuracy, completeness or adequacy of this market update.
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