Japan September Core Machine Orders Post 1st Rise in 3 Months on Service Sector Demand for Computers
–Core Orders Slip Q/Q in July-September but Smaller Than Officially Forecast –October-December Orders Projected to Show Slight Rebound –Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, rebounded an above-forecast 1.4% on the month in September after a slight […]
US October ISM Manufacturing Contraction Deepens in October as New Orders Remain Sluggish, Firms Resort to More Layoffs
–ISM Manufacturing Index Falls to 4-Month Low of 46.7 After 3 Months of Gains –ISM’s Fiore: Sector Still in Trough; Main Index Unlikely to Fall Back to 45 –Fiore: Concerned About Weak New Orders, Hit by Tight Monetary Policy–Fiore: ‘I Wouldn’t Say’ Cumulative Effects of Rate Hikes to Block Recovery in New Orders By Max […]
Japan September Industrial Production’s Slight Rebound Led by Auto Industry After Temporary Shutdown at Toyota Factories in August
–METI Survey: Output Likely to Rise in October, Slip Back in November –Core Capital Goods Shipments Dip in July-September, Indicating Weak Capex in Q3 GDP Data –METI Keeps View: Output Taking One Step Forward, One Step Back –METI To Watch Effects of Downside Risks to Global Growth, Inflation By Max Sato (MaceNews) – Japan’s industrial production […]
White House and Other Schedules for Tuesday, Oct 17
WASHINGTON (MaceNews) – The following are Tuesday s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULEFOR TUESDAY, OCTOBER 17, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval […]
US September ISM Manufacturing in Contraction for 11th Straight Month but PMI Rises to 10-Month High on Firmer New Orders, Output, Jobs
–ISM’s Fiore: We Are Well Off Bottom, Slowly Recovering–Fiore: Higher Inflationary Pressure Likely in Near Term Amid Rising Crude Oil Prices–Fiore: Machinery Producers Will be Hit by Higher for Longer Interest Rates –Fiore: Firms Managing Head Counts Through Attrition, Hiring Freezes By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction territory for the […]
Preview: BOJ September Tankan to Show Modest Improvement in Major Manufacturers’ Sentiment
–Supply Chain Recovery Supports Auto Industry but Silicon Demand Sluggish –Eased Covid Rules Helping Services Sector While High Costs Hurting Consumers –December Business Confidence Seen Flat to Slightly Lower –FY23 Capex Plans Among Large, Small Firms Expected to Be Revised Up Further By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey […]
White House and Other Schedules for Friday, Sept 15
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, SEPTEMBER 15, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
Japan July Core Machine Orders Slip Back on Lower Demand for Computers from Many Industries
–Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, posted a slight pullback on the month in July, as largely expected, after rebounding in June and slumping in May, amid sluggish demand for computers from many industries including electric […]
US August ISM Manufacturing in Contraction for 10th Straight Month on Slow New Orders but Output Balanced, Job Cuts Less Severe
–ISM’s Fiore: We Are in A Trough, Moving Toward Stability –Fiore: Firms Managing Head Counts Primarily Through Attrition By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction territory for the 10th straight month in August as new orders remained sluggish but the pace of overall slowdown eased from July, raising hopes that the […]
Japan July Industrial Production Slips on Sluggish Silicon Demand, Prompting METI to Downgrade View
–METI Survey: Output Likely to Dip Further in August, Post Modest Rise in September –METI Sees Output Making One Step Forward, One Step Back Vs. Showing Signs of Gradual Pickup –METI To Watch Effects of Downside Risks to Global Growth, Inflation By Max Sato (MaceNews) – Japan’s industrial production slipped back on the month in […]