Japan November Core Machine Orders Slump for 1st Drop in 3 Months on Lower Demand from Manufacturers; Computer Orders Mixed
–Core Orders Mark 9th Straight Y/Y Drop Despite Solid FY23 Capex Plans –Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, came in much weaker than expected in November, down 4.9% for the first drop in three months after […]
US December ISM Manufacturing in Contraction for 14th Straight Month but Production is Stable Amid Weak Demand
–ISM Manufacturing Index 47.4 Vs. 46.7 in November –ISM’s Fiore: Main Index Likely to Rise Above Neutral Line of 50 in March–Fiore: 2023 Ended in Trough but in ‘Very Good Note’ on Positive Outlook –Fiore Sees a Spike in New Orders, Rebound in Inventories in Coming Months –Fiore: Reble Attacks on Ships in Red Sea ‘Not […]
Japan November Industrial Production Posts 1st Drop in 3 Months in Payback for Recent Gains in Autos, General Machines, Lower Orders for Electronic Equipment
–METI Survey: Output Likely to Post Solid Rebound in December, Drop Sharply in January –METI Official: Impact of Production Halt by Automaker Daihatsu Over Its Safety Test Scandal May Be Widespread–METI Keeps View: Output Taking One Step Forward, One Step Back –METI Repeats: To Watch Effects of Downside Risks to Global Growth, Rise in Inflation […]
Japan October Core Machine Orders Post 2nd Straight M/M Rise on Persistent Digitization Demand but Computer Orders Mixed After Recent Gains
–Core Orders Mark 8th Straight Y/Y Drop Despite Solid FY23 Capex Plans –Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, unexpectedly posted a second straight monthly gain in October, up 0.7%, after rebounding an above-forecast 1.4% in September […]
Preview: BOJ December Tankan to Show Major Manufacturer Sentiment Up for 3rd Straight Quarter on Improved Supply Chains, Lower Import Costs
–Major Non-Manufacturer Confidence Seen Unchanged; Inbound Spending High but Labor Shortages Bite –Firms in Many Sectors Likely to Be Wary of Near-Term Outlook Amid Slowing Global Growth –Large Firms Seen Revising Down Fiscal 2023 Capex Plans; Small Firms to Raise Theirs Further By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey […]
White House and Other Schedules for Thursday, Nov 16
WASHINGTON (MaceNews) – The following are Thursday’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: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULEFOR THURSDAY, NOVEMBER 16, 2023 – FRIDAY, NOVEMBER 17, 2023Thursday, November 16, 2023 In the morning, the President will receive the President’s […]
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 […]