UPDATE – US July ISM Manufacturing Growth Slows on Softer New Orders; ISM Sees No Recession
–ISM: Labor Shortages, Supply Constraints Continue Weighing on Sector –ISM’s Fiore: No Change to View US Recession Not Looming in Manufacturing –ISM’s Fiore: Plunge in Prices Index Due to Weaker China Demand, Lower Energy Costs By Max Sato (MaceNews) – U.S. manufacturing activity growth slowed marginally in July from June, remaining at the lowest rate […]
Japan June Industrial Output Rebounds After China Ends Covid Lockdown 
–METI Upgrades View After Downgrades: Output Making One Step Forward, One Step Back –METI: To Watch Effects of Rising Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production rebounded more strongly than expected in June as China ended its Covid lockdown of Shanghai but parts shortages and logistical bottlenecks continued to […]
Japan Government Upgrades View: Consumption, Jobs Leading Gradual Economic Pickup
By Max Sato (MaceNews) – Japan’s government Tuesday upgraded its economic overview for the first time in three months in July as consumption is on a clearer pickup path, led by job creation and pent-up demand, but real wages are falling amid rising inflation and the weaker yen is eroding purchasing power, according to its […]
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 […]