Japan June Core Machine Orders Rebound Moderately but Slump in Q2; Official Forecast Points to Further Drop in Q3
–Cabinet Office Keeps View: Machine Orders Pausing –Q2 Core Machine Orders -3.2% Q/Q (Q1 +2.6%) Vs. Official Forecast of +4.6%; Q3 Seen Down 2.6% By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, chalked up a smaller-than-expected rebound on the month in June after slumping in May, […]
White House and Other Schedules for Wednesday, Aug 16
WASHINGTON (MaceNews) – The following are Wednesday’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 WEDNESDAY, AUGUST 16, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
ISM: US July Service Sector Activity in Expansion Territory for 7th Straight Month; Main Index Slips on Slower Growth in New Orders, Jobs After Solid Gains in June
–ISM’s Nieves: No Signs of US Recession; Inflation Easing, Unemployment Low –Nieves: Not Concerned About Slight Uptick in Prices Paid Index; Still in 50s to 60s Historical Trend Range–Nieves: Employment Remains Mixed, Some Firms Find It Hard to Backfill Positions By Max Sato (MaceNews) – Business activity in the U.S. service sector was in positive […]
US July ISM Manufacturing in Contraction for 9th Straight Month on Job Cuts Amid Uncertainty but Key Index Up Slightly on New Orders, Output
–ISM’s Fiore: Employment Reduction ‘Positive’ as It Cools Wage Inflation –Fiore: US Economy More ‘Agile’ while Europe Built to Change Slowly –Fiore: Domestic Demand Slowly Coming Back, Key Index Unlikely to Fall Below 46 By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction territory for the ninth straight month in July as companies […]
Japan June Industrial Production Rebounds, Paced by Auto Sector amid Solid Sales in Domestic, Overseas Markets
–Output Up 1.3% Q/Q in April-June after 1.8% Drop in January-March –METI Survey: Output Likely to Slip Back in July, Post Modest Rise in August –METI Keeps View: Output Showing Gradual Pickup –METI Repeats: To Watch Effects of Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production rebounded on the month in June […]
Japan Govt Keeps View on Moderate Economic Recovery Backed by Consumer Spending, Business Investment Amid Higher Wage Growth
By Max Sato (MaceNews) – Japan’s government Wednesday maintained its overall assessment, saying the economy is recovering moderately as substantial wage hikes and Covid-era excess savings are supporting consumer spending while improving supply chains are shoring up business confidence and investment, according to its monthly report released by the Cabinet Office. Japanese policymakers expect robust […]
White House and Other Schedules for Tuesday, July 18
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 SCHEDULE FOR TUESDAY, JULY 18, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Japan May Machine Orders Slump After April Rebound, Led by Pullback in Computer Demand from Financial, Transport Sectors
–Cabinet Office Keeps View: Machine Orders Pausing –Core Machinery Orders Unlikely to Achieve Official Forecast of 4.6% Q/Q Rise in April-June –BOJ’s June Quarter Tankan Survey Has Shown Firms Revise Up FY23 Capex Pans By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, came in much weaker […]
US June ISM Manufacturing in Contraction for 8th Straight Month on Weaker Demand, More Layoffs
–ISM’s Fiore: Not Giving Any Guidance Any Longer Vs. Previous View: Main Index in 47 to 51 Range –Fiore: Firms Managing Outputs Down as Softness Continues, Optimism about 2nd Half 2023 Weakens Vs. May Report: Firms Managing Output to Prepare for Pickup in Late Summer, Early Fall –Fiore: Uncertainty Continues but Not Saying Chance of […]
Preview: BOJ June Tankan to Show 1st Rise in Major Manufacturers’ Sentiment in 7 Quarters on Improved Supply Chains
–Tourism Discount Subsidies, Eased Covid Rules Support Services –September Business Confidence Seen Mixed; Non-Manufacturers Cautious –FY23 Capex Plans Among Large, Small Firms Expected to Be Revised Up By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey is expected to show confidence among major manufacturers in Japan picked up slightly in June […]