Japan Oct Machine Orders Rebound On Eased Supply Delays, Covid Rules
–Japan Govt Keeps View: Pickup in Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted a solid rebound in October amid signs of a slight easing in delayed parts supply from Southeast Asia and relaxed Covid restrictions on business hours and public events […]
Japan Sept Factory Output Slumps; Autos, Others Hit by Supply Delays
–Output Posts Larger-than-Expected M/M Drop, 1st Y/Y Fall in 7 Months–METI Keeps View After Downgrade Last Month: Factory Output Pausing–METI Repeats: Watch Effects of Rising COVID Cases, Global Chip Shortages By Max Sato (MaceNews) – Japan’s industrial production posted the third straight monthly decline in September, coming in weaker than expected, as protracted global semiconductor […]
Japan July Factory Output Dips As Automakers Face Supply Constraints
–Japan’s METI Keeps View: Factory Output Picking Up –METI Repeats: Watch Effects of Rising COVID Cases, Global Chip Shortages By Max Sato (MaceNews) – Japan’s industrial production slipped in July from the previous month, as pandemic-caused lockdowns in Southeast Asia stifled global supply chain networks, but the pickup trend, led by export growth, appears to […]
Germany’s Industrial Output Unexpectedly Fell in June, Falling 1.3%
ZURICH (MaceNews) – Industrial production in Germany unexpectedly fell in June, declining 1.3 percent from the previous month, according to the latest report from the Federal Statistics Office (Destatis) The decline was in contrast to a larger-than-expected increase in factory orders reported yesterday, and also below the median for a 0.5 percent gain according to […]
German June Manufacturing Orders up 4.1% M/m, Driven by Large Orders
ZURICH (MaceNews) – Demand for German manufactured goods rose 4.1 percent in June from the previous month, driven by large orders, the Federal Statistics (Destatis) office in Wiesbaden reported. The result far exceeded expectations, with the median of and Econoday survey of economists’ forecasts calling for a 1.5 percent gain, and reversing the revised decline […]
Japan June Factory Output Rebounds Despite Global Chip Shortage Impact
–Japan’s METI Keeps View: Factory Output Picking Up –METI Warns of Drag from Chip Shortages, Coronavirus Variants –Apr-June Capital Goods Shipments Gain Indicates Solid Capex in Q2 GDP By Max Sato (MaceNews) – Japan’s industrial production rebounded in June after taking a breather the previous month, staying on a pickup trend amid uncertainty over global […]
US Data Preview Commentary: CPI, PPI, Retail Sales, Powell Testimonies, IndPro, Beige Bk and More
WASHINGTON (MaceNews) – Be brave, it’s peak fraidy-cat week for inflation horrors to descend upon us, or rather, to show up in the data, having plagued us last month. If the price-pressure nightmares show up as expected, the Fed folks will be forced to accelerate their consideration of tapering at the very least (Wharton’s Jeremy […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s public schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORMONDAY, JUNE 14 – WEDNESDAY, JUNE 16, 2021Monday, June 14, 2021 In the morning, the President will receive the […]
US Data Preview Commentary: Retail Sales, PPI, Hsing Starts, FOMC, New ‘Dot Plot’
WASHINGTON (MacNews) – The explosive snapback of consumer demand, company supply-chain and delivery workarounds and inventory reloading won’t be reflected nearly to the phenomenon’s full extent in Tuesday’s May retail sales report. Just as goods and services productivity being supercharged by firms compensating for the post-pandemic jamming of the economy won’t show up in quarterly […]
US Data Preview: CPI, PPI, Retail Sales, IndPro, Still More FedSpeak
WASHINGTON (MaceNews) – The week ahead includes the latest consumer inflation rate, another month of business inflation that in March was running super hot, the April retail sales report and a more than ample supply of FedSpeak. Is any of it as anxiously anticipated nearly as much as the appearance of Elon Musk on “Saturday […]