ISM: US July Service Sector Activity in Expansion Territory for 7th Straight Month; Main Index Slips on Slower Growth in New Orders, Jobs After Solid Gains in June
–ISM’s Nieves: No Signs of US Recession; Inflation Easing, Unemployment Low –Nieves: Not Concerned About Slight Uptick in Prices Paid Index; Still in 50s to 60s Historical Trend Range–Nieves: Employment Remains Mixed, Some Firms Find It Hard to Backfill Positions By Max Sato (MaceNews) – Business activity in the U.S. service sector was in positive […]
White House and Other Schedules for Thursday, July 27
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, JULY 27, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
White House and Other Schedules for Thursday, June 29
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, JUNE 29, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Japan Govt Keeps View on Moderate Economic Recovery After Last Month’s Upgrade, Sees Improving Labor Market
By Max Sato (MaceNews) – Japan’s government Thursday maintained its overall assessment in June after upgrading it for the first time in 10 months in May, saying the economy is recovering moderately thanks to resilient consumer spending and business investment despite high costs and global uncertainties, according to its monthly report released by the Cabinet […]
Japan Q1 GDP Solid Growth Revised Up Sharply on Unexpected Jump in Private Inventories; Capex Firmer Than in Initial Estimate, Public Works Less Strong
–Consumer Spending on Services, Rebound in Business Investment Lead Economic Growth as in Preliminary Data –Net Exports Down Amid Slowing Global Demand–Q4’s Slight Contraction Revised Up to Slight Growth, Making Q1 GDP 2nd Straight Quarterly Rise –Q2 GDP Seen Supported by Consumption Without Covid Restrictions but High Prices Remain Headwind By Max Sato (MaceNews) – […]
Preview: Japan Q1 GDP Solid Growth Seen Revised Up Slightly; Capex Appears to Be Firmer Than in Initial Estimate, Public Works Less Strong
–Consumer Spending on Services, Rebound in Business Investment Lead Economic Growth –Net Exports Drop Amid Slowing Global Demand –Q2 GDP Seen Supported by Consumption Without Covid Restrictions but High Prices Remain Headwind By Max Sato (MaceNews) – Japan’s solid economic growth led by resilient consumer spending in the January-March quarter is expected to be revised […]
Japan Government Upgrades View on Economy from Pickup to Moderate Recovery, Condition Last Seen in February 2020
By Max Sato (MaceNews) – Japan’s government Thursday upgraded its overall assessment for the first time in 10 months, saying the economy is improving to the state last seen in February 2020, when pandemic hadn’t had a full impact on economic activity, according to its monthly report released by the Cabinet Office. In its May […]
White House and Other Schedules for Thursday, May 25
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 FORTHURSDAY, MAY 25, 2023In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the […]
US NABE Panel of 45 Forecasters Show Wider-Than-Usual Disparity of Views on Key Metrics, Improve Outlook vs February
WASHINGTON (MaceNews) – The National Association for Business Economics Monday presented the results of its latest quarterly survey of forecasters, with the panel of 45 showing a wider degree of uncertainty over key etrics than usual, although somewhat improved over the previous survey. Some excerpts follow: GDP • Expectations for inflation-adjusted gross domestic product (real […]
Japan Q1 Solid GDP Rebound Led by Consumption, Capex, Public Works; Net Exports Drop Amid Slow Global Demand
–Q1 GDP Growth Stronger Than Forecast as Capex Shows Unexpected Rebound –Consumption Rise Higher Than Expected, Backed by Eased Covid Rules, Travel Subsidies –Q2 GDP Seen Supported by Pent-Up Consumer Demand for Services –Fiscal 2022 GDP +1.2%, Below Official Forecast of +1.7% By Max Sato (MaceNews) – Japan’s gross domestic product for the January-March quarter […]