US ISM Manufacturing Growth Slows in April on China Lockdowns, High Prices
–ISM: Manufacturing Sector at Pause as Buyers Wait for Prices to Come Down –ISM: Supply Constraints Not Getting Worse; ‘Very Concerned’ Over China Port Situation –ISM: No Indication of Softening Demand in US Despite Q1 GDP Contraction By Max Sato (MaceNews) – US manufacturing activity growth slowed in April, hit by labor shortages, high prices […]
Japan March Industrial Output Up Slightly on Reopening Demand Amid Easing Covid Effects
–METI Keeps View: Factory Output Shows Signs of Pickup –METI: To Watch Effects of Pandemic, Parts Shortages, Inflation, Ukraine By Max Sato (MaceNews) – Japan’s industrial production posted the second straight month-on-month rise in March as reopening demand for chip-making equipment and other machines amid easing Covid effects offset a decline in auto output caused […]
Japan March, Fiscal 2021 Exports Hit Record Highs, Imports Surge at Faster Pace
–Imports Also at Record High on Energy, Leading to 8th Straight Trade Deficit –Exports to China Slower in March, Volumes Down on Year –Auto Exports Slip in March After February Rebound Amid Supply Bottlenecks By Max Sato (MaceNews) – Japanese exports hit a record high in March, marking the 13th straight year-on-year increase, on reopening […]
White House and Other Schedules for Friday, April 15
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: Friday, April 15: Pres Biden is spending Friday at Camp David however no formal schedule was published. .US TREASURY In the morning, Secretary of the Treasury […]
US ISM Manufacturing Index Slips in March on Inflation, Europe Slowdown, China Covid Spike 
–ISM: Ukraine War Behind Dramatic Rise in Prices Index –ISM: More Firms are Concerned About Rising Prices –ISM: Manufacturers’ Concerns Over Delivery Delays Eased from February –ISM: Fed Rate Hikes Long-Term Headwind but Positive for Inflation Now By Max Sato (MaceNews) – Growth in US manufacturing activity slowed in March as surging energy and commodities […]
BOJ March Tankan Business Sentiment Slips on Covid, Ukraine; Capex Plans Revised Down
–Fall in Sentiment After Recent Improvement Not As Bad As Forecast –Major Firms Revise Down FY21 Capex Plans, See Small Rise in FY22 –Smaller Firms Unexpectedly Revise Down FY21 Capex Plans; Cautious of FY22 By Max Sato (MaceNews) – Confidence among many sectors in Japan slipped in March after improving for the sixth straight quarter […]
Japan February Industrial Output Posts Small Rebound on Easing Covid Spike, Supply Shortages
–Carmakers, Electric/Telecom Makers See High Output in March, April –METI: Forecast May Be Revised Down; Survey Taken Before March 16 Earthquake –METI Keeps View: Factory Output Shows Signs of Pickup –METI Repeats: To Watch Effects of Pandemic, Parts Shortages, Ukraine By Max Sato (MaceNews) – Japan’s industrial production posted a slight rebound in February, marking […]
Japan’s Eastern Areas Face Power Shortages After Quake Amid Winter Weather
By Max Sato (MaceNews) – The Japanese government issued a rare warning of power shortages in Tokyo and surrounding prefectures, urging businesses and households to cut electricity use by 10%, starting Tuesday, as heating demand is rising and supply is falling after last week’s major earthquake. The Japan Meteorological Agency is forecasting cold weather with […]
Analysis: Japan PM Kishida to Face Bad Economic News After Omicron Storm
–Economists Revise Down Forecasts to Show Slight Contraction in 1Q By Max Sato (MaceNews) – Japanese Prime Minister Fumio Kishida is likely to face bad news on the economic front after barely surviving voter frustration over public health restrictions imposed about two months ago aimed at fighting a surge in Covid infections caused by the […]
German Economic Sentiment Plunges on Ukraine, Sanctions, ZEW Reports
ZURICH (MaceNews) – Economic sentiment in Germany fell by a historic margin in March, as the war in Ukraine and resulting sanctions against Russia pushed the ZEW institute’s measure of economic sentiment into sharply negative territory. The ZEW measure of economic sentiment plunged 93.6 points in March to a reading of -39.3 from the February […]