ISM: US Services Sector Expands for 12th Month in December but Growth Slows on Seasonal Drop in Hiring, Economic Uncertainty, Geopolitical Risks
–ISM Services Index Falls to 7-Month Low of 50.6 from 52.7 in November –ISM’s Nieves: Employment Picture Hasn’t Changed Much –Nieves: Services Sector Expected to Be on Growth Path in 2024 By Max Sato (MaceNews) – Business activity in the U.S. services sector managed to expand for the 12th straight month in December but the […]
White House and Other Schedules for Thursday, Dec 21
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, DECEMBER 21, 2023In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
ISM Semiannual Survey: US Economy to Continue Picking Up in 2024 as Fed Rate Cut Forecast Seen Easing Concerns
By Max Sato (MaceNews) – The U.S. economy is expected to continue improving in 2024 on expectations that it will avoid recession while inflation and borrowing costs will ease, according to the twice-annual survey by the Institute for Supply Management released Friday. “Manufacturing’s purchasing and supply executives expect to see overall growth in 2024,” Timothy […]
Japan Q3 GDP Contraction Revised Down on Larger-Than-Expected Private Sector Inventory Drop; Domestic Demand Weak
–Slump Due to Net Exports Pullback, Private Inventories Plunge, Weaker Public Works, Capex –Consumption Revised Down to Slight Drop from Flat as Demand for Eating Out, Traveling Wanes Amid High Costs –Q4 GDP Seen Up but Faces Slowing Global Demand, Domestic Labor Shortages By Max Sato (MaceNews) – Japan’s first economic contraction in four quarters […]
Preview: Japan Q3 GDP Contraction Seen Unrevised, Confirming Sluggish Domestic Demand
–Slump Due to Net Exports Pullback, Private Inventories Plunge, Weaker Public Works, Capex –Consumption Flat in Initial Data as Pent-Up Demand for Eating Out, Traveling Wanes –Q4 GDP Seen Up but Faces Slowing Global Demand, Domestic Labor Shortages By Max Sato (MaceNews) – Japan’s first economic contraction in three quarters in the July-September quarter is […]
White House and Other Schedules for Wednesday, Nov 29
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, NOVEMBER 29, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Japan Govt Downgrades View on Moderate Economic Recovery on Slow Capital Investment, Q3 GDP Contraction
By Max Sato (MaceNews) – Japan’s government Wednesday downgraded its overall assessment for the first time in 10 months in light of sluggish capital investment, saying the economy is still recovering moderately but that the pickup in some areas is pausing, according to its monthly report released by the Cabinet Office. It continued to warn […]
Japan Q3 GDP Posts 1st Contraction in 3 Quarters on Pullback in Net Exports, Sharp Drop in Private Inventories, Weaker Public Works, Capex
–Q3 GDP -2.1% Annualized Drop Much Weaker Than -0.6% Median Forecast –Consumption Flat as Pent-Up Demand for Eating Out, Traveling Wanes –Q4 GDP Seen Up but Faces Slowing Global Demand, Domestic Labor Shortages By Max Sato (MaceNews) – Japan’s gross domestic product for the July-September quarter posted its first contraction in three quarters, down 0.5% […]
Updated: Preview: Japan Q3 GDP Seen Posting 1st Contraction in a Year on Pullback in Net Exports, Public Works; Consumption, Capex Likely Rebound but Sluggish
–Updates Household Spending and BOJ Consumption Activity Index Information in 9th and 10th Paragraphs –Pent-Up Demand for Eating Out, Travel Appears to Wane –Q4 GDP Seen Up but Faces Slowing Global Growth By Max Sato (MaceNews) – Japan’s gross domestic product for the July-September quarter is forecast by economists to post its first contraction in […]
White House and Other Schedules for Thursday, Oct 26
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULEFOR THURSDAY, OCTOBER 26, 2023 In the morning, the President will receive the President’s Daily Briefing. The Vice President will attend. This […]