Japan Q2 GDP Rebound Firmer Than Initially Estimated, Led by Capex Revision
By Max Sato (MaceNews) – Japan’s economic rebound in the April-June quarter was firmer than expected as business investment in upgrading factories and offices turned out to be stronger than previously reported, Cabinet Office data released Wednesday showed. Revised second quarter GDP data confirmed that consumer spending remained resilient despite on-and-off restrictions on economic activity […]
Germany’s Economic Sentiment Falls in Sept as Chip Shortages Contribute to Expectations Drop
ZURICH (MaceNews) – Economic sentiment in Germany fell in September as a sharp decline in expectations weighed in sentiment, according to the latest report from the ZEW Institute in Mannheim. ZEW’s economic indicator fell 13.9 points in the September survey to 26.5, coming in below the median of 30.0 in an Econoday survey of economists’ […]
Germany’s July Industrial Output Rose 1.0% M/M, Led by Capital Goods
ZURICH (MaceNews) – Industrial production in Germany rose 1.0 percent in July from the previous month, beating expectations on strong orders for capital goods, the Federal Statistics Office (Destatis) reported Tuesday. The increase exceeded the median forecast for a 0.1 percent monthly gain, according to the charteconomicdata.com calendar. Today’s result for production comes one day […]