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For those who follow economic data around the world: China: Solid export-led manufacturing growth once again contrasts sharply with sluggish domestic demand, including just a 0.4% annual increase in retail sales (Bloomberg table below). Germany: PPI inflation, at 6.8%, was the highest in 3.5 years. UK: The unemployment rate was unchanged at 4.9%, while earnings (ex-bonuses) grew 3.9%, led by the public sector (private sector earnings grew 2.9%. #economy #markets #China #Germany #UK