US ISM Manufacturing Slips Back into Contraction in March as Firms Sit on Sidelines, Trim Payrolls Ahead of More Trump Tariffs Expected This Week
–ISM Manufacturing Index at 49.0 Vs. 50.3 in February, Below Consensus (49.6)–ISM’s Fiore: Activity ‘Overshadowed’ by US Import Tariffs; So Many Unknowns, More Confusion–Fiore: Still Think Lower New Orders, Higher Inventories, Slower Supply Deliveries Will Clear Up–Fiore: Tariffs Could Prompt Workers Hit by Higher Costs of Living to Demand Wage Hikes, Triggering Wage-Price Cycle By […]
Preview: Japan’s Wobbly 3rd Straight Economic Growth Seen Intact in Revised Q4 GDP Data but Sluggish Consumption, Exports Point to Flat Q1 Performance
By Max Sato (MaceNews) – Lukewarm economic growth lingered during much of 2024 in Japan after three quarters of drops but consumption is chilled by high living costs and the outlook for the world’s top two economies is clouded by Trump tariffs, pointing to a flat performance in the first quarter of 2025, with the […]
Preview: Japan’s Goldilocks Economy to Post Modest 0.3% Q/Q GDP Growth in Q4 as Consumers Stay Frugal amid High Costs, Exports Sluggish in Face of Struggling China, Slowing US
By Max Sato (MaceNews) – Japan’s gross domestic product for the October-December quarter is forecast to post its third consecutive growth but a sluggish 0.3% rise on quarter, or an annualized 1.3%. The main growth driver came from a rebound in net exports that was caused by a fall in imports and masks weak exports […]
Japan Still Sees Modest Economic Recovery but Warns It Now Needs to Watch Future US Policy amid Headwinds of Inflation, Middle East Tensions, Weak Yen
By Max Sato (MaceNews) – Japan’s government maintained its overall assessment that the economy’s “modest recovery” is set to continue thanks to wage hikes amid widespread labor shortages, but urged a close watch on the future U.S. government policy as well as lingering high costs for necessities, geopolitical risks and the weak yen. In its […]
Preview: Japan Q3 GDP Growth to Show Sharp Slowdown as Consumers Remain Wary amid High Costs, Capex Seen Down
By Max Sato (MaceNews) – Japan’s gross domestic product for the July-September quarter is forecast to post a sharp slowdown, up just 0.2% on quarter, or an annualized 0.6%, as consumers remained frugal amid high costs for necessities that were aggravated by a rare, acute rice supply shortage and business investment is believed to have […]
Japan Q2 GDP Rebounds on Resumed Auto Output, Wage Hikes; Heat Wave Also Boosts Consumer Demand for Air Conditioners, Summer Goods
–Q2 GDP +0.8% Q/Q, +3.1% Annualized, Above Median Forecasts of +0.6%, +2.3%–Domestic Demand Pushes Up GDP by 0.9 Point, Net Exports Trim Growth by 0.1 Point By Max Sato (MaceNews) – Japan’s gross domestic product for the April-June quarter posted a stronger-than-expected rebound after suffering its first contraction in two quarters in January-March, up a […]
Preview: Japan Q2 GDP to Post Modest Rebound After Slumping in Q1 but Consumption Remains Sluggish amid High Costs
By Max Sato (MaceNews) – Japan’s gross domestic product for the April-June quarter is forecast to post a modest rebound after suffering its first contraction in two quarters in January-March, up 0.6% on quarter, or an annualized 2.3%, as consumption and business investment picked up from the drag of suspended output at Toyota group factories […]
Japan May Household Spending Unexpectedly Slumps as Consumers Shy Away from Soaring Fresh Food Prices, Weaker Yen Dents Overseas Travel Demand
Japanese household spending slumps
Japan Q1 Annualized GDP Slump Revised Down to 2.9% from 1.8% Drop in Rare 2nd Revision as Public Works Spending Turns Much Weaker Than Estimated Earlier
Japanese GDP revised down
Preview: BOJ June Quarter Tankan to Show Major Manufacturers’ Sentiment Up Slightly on Resumed Vehicle Output
Japan business expectations mixed