Japan Government Keeps View on Gradual Economic Pickup Amid Brighter Consumer Sentiment, Sluggish Factory Output
By Max Sato (MaceNews) – Japan’s government Wednesday maintained its economic assessment that the current gradual pickup remains intact on expectations that further reopening of the economy should support consumer spending while industrial production slowed on weaker global demand, according to its monthly report released by the Cabinet Office. In its March report, the government […]
<strong>Japan January Machine Orders Jump, Boding Well for Modest Q1 Rebound After Q4 Dip</strong>
–After Annual Revision, Cabinet Office Sees Core Orders Up 2.9% Q/Q in Q1, Revised Down from +4.3% –Cabinet Office Maintains View: Machinery Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, jumped for a second straight monthly advance in January, after a modest gain and […]
<strong>Japan January Industrial Output Slumps on Parts Shortages, Global Economic Slowdown</strong>
–METI Survey: Output Likely to Post Modest Gains in February, March; Not Strong Enough to Offset January Dip–METI Keeps View After Recent 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 slumped at a faster pace than forecast in […]
<strong>Japan Govt Keeps View on Gradual Economic Pickup After Its 1st Downgrade of Overview in 11 Months on Global Slowdown </strong>
By Max Sato (MaceNews) – Japan’s government Tuesday maintained its economic assessment that the current gradual pickup is still intact after downgrading it for the first time in 11 months in January amid weaker global demand, according to its monthly report released by the Cabinet Office. In its February report, the government said the economy […]
<strong>Japan December Machine Orders Rebound After November Slump; Q1 Seen Up After Q4 Drop</strong>
–Govt Keeps View After Recent Downgrade: Machine Orders Pausing By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, posted a modest rebound in December in reaction to a plunge in November as capex plans for digitization and green transformation remain solid for fiscal 2022 ending in March, […]
<strong>White House and Other Schedules for Wednesday, Feb 15</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. economic data and Federal Reserve events. DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, FEBRUARY 15, 2023 In the morning, the President and the Vice President will receive the President’s Daily Brief. This meeting in […]
<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) – […]