Germany’s Industrial Production Expands 2.5% in March Over Prior Month
ZURICH (MaceNews) – Germany’s Industrial output grew at a better-than-expected 2.5 percent pace in March, and stood 5.1% above year ago levels, according to preliminary results from the Federal Statistics in Wiesbaden Friday. The result exceeded the median of an Econoday survey of economists for a 1.7 percent increase, and reversed declines the previous two […]
Data Preview: But First, March Payrolls Were Strong – and Irrelevant for the Long Haul – As ‘Benchmark Effect’ Skews Perceptions
WASHINGTON (MaceNews) – The next steps for the U.S. economy and the monetary policy that nurtures and sustains it beyond Friday’s strong jobs report are the same as before the report, a long slog of many more such reports before the recovery approaches, re-employment becomes new employment and rates edge up to normal. The phase […]
Strong Recovery Demand Masking US Supply Chain Crisis as Wht Hse Fixes Lag
WASHINGTON (MaceNews) – The day’s ISM report on manufacturing focused on supply-chain blockages that will continue into the late summer with the White House effort to diagnose the problem lagging. The Institute for Supply Management’s report showed manufacturing momentum powered up in March, with the index coming in considerably above expectations at 64.7. The new […]
Japan Jan Factory Output Rebounds But Pullback Forecast For Feb/Mar
– Shipments Also Rebound, Inventories Dip, Reflecting Solid Demand – METI: Limited Impact of Govt’s Request for Restricted Economic Activity By Max Sato (MaceNews) – Japan’s industrial production rebounded in January, marking the first rise in three months, reflecting solid domestic and overseas demand despite the pandemic, preliminary data released Friday by the Ministry of […]
JAPAN FACTORY OUTPUT POSTS 2ND STRAIGHT M/M SLIDE IN DEC BUT KEEPS Q/Q RISE
By Max Sato (MaceNews) – Japan’s industrial production slipped for the second straight month in December as the auto industry, which had led the recent pickup in overall output, took a breather amid the pandemic, while production of turbines and laptops lost some steam after recent gains, preliminary data released Friday by the Ministry of […]
JAPAN FACTORY OUTPUT PICKUP PAUSES IN NOV, SHIPMENTS SLIP, AMID PANDEMIC UNCERTAINTY
By Max Sato (MaceNews) – Japan’s industrial production marked time in November in its gradual recovery from the pandemic-caused slump after five straight monthly gains, with the level of output staying under year-earlier levels amid uncertainty over global growth, preliminary data released Monday by the Ministry of Economy, Trade and Industry showed. While noting factory […]
JAPAN OCT FACTORY OUTPUT POSTS 5TH STRAIGHT M/M RISE, REMAINS ON PICKUP TREND
By Max Sato (MaceNews) – Japan’s industrial production continued chugging along in October for the fifth consecutive monthly rise, recovering much of the pandemic-triggered slump as solid demand for general machinery and automobiles more than offset lower output of electronic parts and devices, preliminary data released Monday by the Ministry of Economy, Trade and Industry […]
DATA FLASH: RETAIL SALES GROWTH SLOWS, UP 0.3% IN OCTOBER
–Retail Sales Ex-Motor Vehicles Rise Only 0.3%; Clothing Sales Reverse–Industrial Production Jumps By 1.1% as Utilities Production Rebounds–Business Inventories Up 0.7% in September, Business Sales Up 0.6% By Kevin Kastner WASHINGTON (MaceNews) – Retail sales rose only modestly in October, a much smaller increase than in previous months, the Commerce Department reported Tuesday. Total retail […]
EUROZONE OCTOBER MANUFACTURING PMIS HIT TWO-YEAR HIGH
–Germany Accounts For Much Of Rise By Laurie Laird LONDON (MaceNews) — Business activity at European factories accelerated to a more than two-year high in October, according to purchasing managers’ indexes released by IHS Markit on Monday, confirming the European Central Bank’s forecast of continuing industrial strength. The Eurozone manufacturing PMI jumped to 54.8 last […]
STATUS CHECK – GUESS WHICH CAMPAIGN FRIDAY CHANTED ‘CNN SUCKS’
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · President Trump’s campaign Friday night marched on, in Macon, Georgia. Pool reporter Rob Crilly who works for the Washington Examiner, described the scene: “It was dark by the time POTUS took the stage […]