<strong>US January ISM Manufacturing Remains in Contraction on Lower New Orders, Output</strong>
–ISM’s Fiore: May Have Turned Corner on Soft Orders; Expect Pickup in 2nd Half of 2023 –Fiore: Firms Keeping Headcounts to Prepare for Recovery in 2nd Half –Fiore: Manufacturing Relies on Domestic Demand but Firmer China Demand Positive By Max Sato (MaceNews) – U.S. manufacturing activity was in contraction territory for the third straight month […]
Japan December Industrial Output Nearly Flat on Slower Global Demand; Decline Smaller Than Expected
–METI Survey: Output Likely to Slump in January, Rebound in February–METI Keeps View After 2nd Straight Downgrade: Output Has Weakened–METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production was nearly flat in December on cooling global demand, but down by a smaller-than-expected […]
<strong>White House and Other Schedules for Wednesday, Jan 18</strong>
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. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, JANUARY 18, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In-Town […]
US ISM Manufacturing Index Slips Further in December, Indicating Overall Economic Contraction
–ISM’s Fiore: December Decline Not So Steep; in Adjustment Phase –Fiore: Index Still in 48 to 52 Range but May Fall Below Floor –Fiore Repeats His Outlook: ‘Sluggish’ 1st Half 2023; ‘Pretty Strong’ 2nd Half –Fiore: Manufacturing Sector Does Not Rely Much on International Markets, Hit by Soft Domestic Demand By Max Sato (MaceNews) – […]
<strong>US ISM: 2023 Outlook Unclear as Firms See Revenue Growth Despite Higher Interest Rates</strong>
–ISM’s Fiore: Manufacturers See Stable Business Plans, Fed Policy Not Heavily Restrictive–ISM’S Fiore: US Manufacturers Expect Dollar to Firm in 2023; Stronger Dollar Net Negative for Exports–ISM’s Nieves: Both Manufacturing, Service Sectors See Continued Growth into 2023 By Max Sato (MaceNews) – Supply management executives at U.S. manufacturers and service providers continue to expect their […]
<strong>Japan October Machine Orders Rebound on Non-Manufacturing Demand, Manufacturers Remain Weak </strong>
–Govt Keeps View After Downgrade Last Month: Pickup in Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted the first rise in three months in October, led by strong demand from non-manufacturers and reflecting solid capex plans for fiscal 2022, but uncertainty over […]
<strong>Preview: Japan Q3 GDP Drop Seen Revised Up Slightly on Firmer Capex</strong>
–Q3 Contraction Caused by Surge in Imports, Large Service Payments Overseas –Consumption Slower but Resilient Despite Covid Spike at Peak of Summer –Capex Demand for FY22 Solid Amid Digital, Green Transformations –Q4 GDP May Rebound on Fiscal Support but Global Uncertainties Remain By Max Sato (MaceNews) – Japan’s gradual economic recovery led by resilient consumption […]
<strong>US November ISM Manufacturing Index Posts 1st Contraction Since May 2020 on Lower Orders</strong>
–ISM: Some Firms Now Using Layoffs in addition to Hiring Freezes –ISM’s Fiore Sees Index in Range of 48 to 52, around Breakeven Point of 50 –Fiore: Protests in China No Major Impact on Supply, More of Issue for US Exports –Fiore: Demand Pickup May Not Necessarily Need Lower Interest Rates By Max Sato (MaceNews) […]
<strong>Japan October Industrial Output Slumps Amid Slowing Global Demand, in Reaction to Earlier Gains</strong>
–METI Survey: Output Likely to Dip in November, Rise in December –METI Downgrades View: Output Picking Up Gradually but Shows Weakness in Some Areas –METI Repeats: To Watch Effects of a Rise in Covid Cases, Parts Shortages, Inflation By Max Sato (MaceNews) – Japan’s industrial production posted the second straight monthly drop in October, hit […]
Japan September Machine Orders Slump, Q3 Drop Largely as Expected; Q4 Rebound Seen 
–Japan Govt Downgrades View: Pickup in Machine Orders Pausing Vs. Orders Showing Signs of Pickup By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted the second straight month-on-month drop in September amid slowing global economic growth, as lower demand for freezers, construction machines, and turbines offset […]