PREVIEW: Japan Q3 GDP Seen Down as Covid Spreads, Supply Squeeze Lingers
By Max Sato (MaceNews) – Japan’s gross domestic product for the July-September quarter is forecast by economists to show a 0.2% slump on quarter, or an annualized 0.8% drop, as consumers were cautious amid a resurgence in coronavirus infections and global supply chain disruptions slowed business investment and exports. The median forecast for Q3 […]
Japan Sept Household Spending Dips Y/Y; Q3 Drop Points to GDP Slump 
By Max Sato (MaceNews) – Japan’s household spending posted the second straight year-on-year drop in September as restrictions on economic activity remained in place until the end of the month in light of a resurgence in coronavirus cases in August, data released Friday by the Ministry of Internal Affairs and Communications showed. As the number […]
US Data Preview Commentary: CPI, Retail Sales, IndPro and the Next 20 Years
WASHINGTON (MaceNews) – This week’s economic data includes the Consumer Price Index for August, with forecasters not anticipating an acceleration in the rate of change but not much, if any, deceleration. If the annual consumer inflation rate remains around the 5.4% in July and June, or a little less as forecasted, analysts are likely to […]
Japan Q2 GDP Rebound Firmer Than Expected, Led by Consumption, Capex
— Consumer Spending Unexpectedly Rises Despite Pandemic Restrictions — Q2 GDP Posts 1st Y/Y Rise in 7 Quarters in Payback for 2020 Slump By Max Sato (MaceNews) – Japan’s economy rebounded more strongly than expected in April-June, led by solid business investment and surprisingly resilient consumption despite on-and-off restrictions on economic activity during the pandemic, […]
US Data Preview Commentary: CPI, PPI, UMich and Most Important and Least Regarded, Productivity
WASHINGTON (MaceNews) – It’s inflation week, with the CPI and the PPI on Wednesday and Thursday, reigniting the now sterile speculation about whether price pressures are transitory, when it’s more important for the same question to be applied to a quite different economic statistic, Tuesday’s report on productivity. Simply stated, productivity growth is what sustains […]
US BEA Technical Notes on Gross Domestic Product, Second Quarter 2021 (Advance Estimate) and Annual Update
WASHINGTON (MaceNews) – The following is the U.S. Bureau of Economic Analysis technical notes accompanying Thursday’s report on second-quarter GDP: July 29, 2021This technical note provides background information about the source data and estimating methods used to produce the estimates presented in the GDP news release ; a brief summary of “highlights” is available on […]
Thursday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, JULY 29, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, JULY 27, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval […]
US NABE Survey Shows Optimism About Pace of Hiring, Profits, Growth
WASHINGTON (MaceNews) – The latest survey of National Association for Business Economics Monday showed continuous optimism about hiring, profits and growth. The 93 business economists surveyed saw a strong growth trajectory ahead with some seeing the second quarter’s expected spectacular result, to be reported Thursday, being maintained in several quarters ahead. The commentary and highlights […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, JULY 26, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This meeting […]