ISM: US June Service Sector Growth Continues but Slowest in 2 Years Amid Labor Shortages, Supply Delays, Inflation 
–ISM’s Nieves: Rising Inflation Hurting Demand in Retail Trade –ISM: Supply Chain Constraints Keeping Firms from Replenishing Inventories –ISM: Employment in Contraction Mainly Due to Limited Labor Pool By Max Sato (MaceNews) – US service sector growth slowed for the third straight month to the lowest rate in about two years as supply bottlenecks […]
US June ISM Manufacturing Growth Slowest in 2 Years on Softer New Orders
–ISM: Labor Shortages, Supply Constraints, High Prices Continue Weighing on Sector –ISM’s Fiore: No Indication of US Recession Looming on Manufacturing Side –ISM’s Fiore: US Firms Still Concerned About Ability to Import Amid Port Disruptions By Max Sato (MaceNews) – US manufacturing activity growth slowed in June to the lowest rate in two years with […]
Japan May Industrial Output Plunges as China Covid Lockdowns Worsen Supply Bottlenecks
–METI: June Output Likely to Rebound but Not Enough to Offset May Drop–May Index of Industrial Production Hits Lowest Level Since August 2020 –METI Downgrades View for 2nd Straight Month: Output Weaker Vs. Pausing –METI Repeats: To Watch Effects of Pandemic, Parts Shortages, Inflation, Ukraine War By Max Sato (MaceNews) – Japan’s industrial production posted […]
Preview: BOJ June Tankan Sentiment Mixed; Manufacturers Down, Services Up
–Covid Lockdowns in China, High Producer Costs Weigh on Factory Operators –Services Seen Upbeat on Japan’s Eased Covid Rules, Summer Spending Hopes –Business Confidence Projected to Improve in September Amid Uncertainty –Firms, Large and Small, Expected to Revise Up Their Combined FY22 Capex Plans By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan […]
Germany’s Business Conditions Worsened Slightly in June, Ifo Reports
ZURICH (MaceNews) – German businesses were a bit more pessimistic in June than a month ago, as their view of both current conditions and their expectations for future developments were judged more negatively. The Ifo business climate index fell to 92.3 in June from 93.0 the previous month. Economists had expected a slight drop to […]
White House and Other Schedules for Friday, June 17
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, JUNE 17, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President […]
Japan May Exports Post 15th Straight Y/Y Rise on Reopening Demand for Steel, Electronic Parts
–Imports Hit Fresh Record High on High Energy Costs, Leading to 10th Straight Trade Deficit –Exports to China Mark 2nd Straight Y/Y Drop on Covid Lockdowns By Max Sato (MaceNews) – Global reopening demand for iron and steel and semiconductors continued driving Japanese exports to surpass year-earlier levels for the 15th month in a row […]
Japan April Machine Orders Mark Unexpectedly Sharp Rise on Computer Demand
–Japan Government Upgrades View: Machine Orders Showing Signs of Pickup Vs. Previous Assessment that Pickup Stalling By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, unexpectedly posted a second straight sharp monthly gain in April on solid demand for upgrading computer systems, raising hopes that orders for […]
US ISM Manufacturing Growth Edges Up in May; Labor Shortages, Supply Delays Linger
–ISM: Worst of Supply Delays Yet to Come for US Manufacturers –ISM: Early Signs of Fed Tightening Causing Softer Demand By Max Sato (MaceNews) – US manufacturing activity growth picked up slightly in May, but companies continued to face labor shortages and global supply chain constraints, with Covid lockdowns in Chinese port cities expected to […]
Japan April Industrial Output Slips on Dimmer Global Demand, Chinese Lockdowns
–METI Downgrades View: Factory Output Pausing Vs. Showing Signs of Pickup–METI Repeats: To Watch Effects of Pandemic, Parts Shortages, Inflation, Ukraine By Max Sato (MaceNews) – Japan’s industrial production posted the first month-on-month drop in three months in April as global reopening demand turned lower and Chinese Covid lockdowns caused further supply delays, preliminary data […]