<strong>US ISM: 2023 Outlook Unclear as Firms See Revenue Growth Despite Higher Interest Rates</strong>
–ISM’s Fiore: Manufacturers See Stable Business Plans, Fed Policy Not Heavily Restrictive–ISM’S Fiore: US Manufacturers Expect Dollar to Firm in 2023; Stronger Dollar Net Negative for Exports–ISM’s Nieves: Both Manufacturing, Service Sectors See Continued Growth into 2023 By Max Sato (MaceNews) – Supply management executives at U.S. manufacturers and service providers continue to expect their […]
<strong>Japan October Machine Orders Rebound on Non-Manufacturing Demand, Manufacturers Remain Weak </strong>
–Govt Keeps View After Downgrade Last Month: Pickup in Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted the first rise in three months in October, led by strong demand from non-manufacturers and reflecting solid capex plans for fiscal 2022, but uncertainty over […]
<strong>Preview: Japan Q3 GDP Drop Seen Revised Up Slightly on Firmer Capex</strong>
–Q3 Contraction Caused by Surge in Imports, Large Service Payments Overseas –Consumption Slower but Resilient Despite Covid Spike at Peak of Summer –Capex Demand for FY22 Solid Amid Digital, Green Transformations –Q4 GDP May Rebound on Fiscal Support but Global Uncertainties Remain By Max Sato (MaceNews) – Japan’s gradual economic recovery led by resilient consumption […]
<strong>US November ISM Manufacturing Index Posts 1st Contraction Since May 2020 on Lower Orders</strong>
–ISM: Some Firms Now Using Layoffs in addition to Hiring Freezes –ISM’s Fiore Sees Index in Range of 48 to 52, around Breakeven Point of 50 –Fiore: Protests in China No Major Impact on Supply, More of Issue for US Exports –Fiore: Demand Pickup May Not Necessarily Need Lower Interest Rates By Max Sato (MaceNews) […]
<strong>Japan October Industrial Output Slumps Amid Slowing Global Demand, in Reaction to Earlier Gains</strong>
–METI Survey: Output Likely to Dip in November, Rise in December –METI Downgrades View: Output Picking Up Gradually but Shows Weakness in Some Areas –METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production posted the second straight monthly drop in October, hit […]
Japan September Machine Orders Slump, Q3 Drop Largely as Expected; Q4 Rebound Seen 
–Japan Govt Downgrades View: Pickup in Machine Orders Pausing Vs. Orders Showing Signs of Pickup By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted the second straight month-on-month drop in September amid slowing global economic growth, as lower demand for freezers, construction machines, and turbines offset […]
US October ISM Manufacturing Index Slips Further on Widespread Lower Demand
–ISM: New Orders Remain in Contraction; Employment at Breakeven Point –ISM: Firms Using Hiring Freezes, Attrition to Cope with Softer Demand in Future –ISM’s Fiore: Survey Indicates Contraction Ahead, Not Necessarily Recession; Collapse of New Orders Unlikely –Fiore: Contracting New Export Orders Concerning; China Down, Worst for Europe Yet to Come By Max Sato (MaceNews) […]
Japan August Machine Orders Slump Amid Slower Global Growth, Q3 Seen Flat So Far 
–Japan Govt Keeps View: Machine Orders Showing Signs of Pickup –BOJ September Quarter Tankan Survey Has Shown Solid FY22 Capex Demand By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, fell at a faster pace than expected in August amid slower global growth, giving up all of […]
US September ISM Manufacturing Survey Shows Signs of Slowdown; New Orders, Jobs Down
–ISM: New Orders, Employment Indexes Slip Back into Contraction –ISM: Firms Using Hiring Freezes, Attrition as They See Softer Demand in Future –ISM’s Fiore: Overall Index Just Above Growth Line but May Contract Soon By Max Sato (MaceNews) – U.S. manufacturing activity growth showed clear signs of a slowdown in September after holding up […]
BOJ September Meeting Summary: Watch for Inflation, Pandemic, Global Recession
By Max Sato (MaceNews) – Bank of Japan board members debated upside risks to inflation without substantial wage growth, which could be made worse by the lingering drag from the pandemic, according to the summary of opinions expressed at the bank’s Sept. 21-22 meeting released Monday. The summary, a preview of the minutes to be […]