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 […]
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 […]