ISM: US August Service Sector Growth Slightly Higher on New Orders, Jobs, Easing Supply Bottlenecks 
–ISM’s Nieves: Port Congestion Has Eased but Unloading Taking Time–ISM’s Nieves: Firms Still Face Price Pressures but Inflation Peaking –ISM’s Nieves: China Factory Shutdown Amid Covid Restrictions Affecting US Imports By Max Sato (MaceNews) – US service sector growth accelerated slightly in August on higher new orders, improving employment and easing supply constraints, after […]
Japan June Machine Orders Post Modest Rise, Rebound Sharply in April-June
–Japan Capex Demand Seen Solid, as Seen in Q2 GDP Growth–Japan Govt Keeps View: Machine Orders Showing Signs of Pickup By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, rebounded slightly in June, reflecting a cautious sentiment against the backdrop of solid needs to upgrade computer networks, […]
Japan July Exports, Imports Hit Record Highs as Producer Costs Remain Elevated
–Exports to U.S., Asia, China All Hit Highest Values on Semiconductors –Overall Export Volumes Continue to Drop Y/Y After Recovering from Covid Slump By Max Sato (MaceNews) – Japanese exports maintained a high pace of growth from a year earlier in July, hitting a record high value for the second straight month on solid global […]
UPDATE – US July ISM Manufacturing Growth Slows on Softer New Orders; ISM Sees No Recession
–ISM: Labor Shortages, Supply Constraints Continue Weighing on Sector –ISM’s Fiore: No Change to View US Recession Not Looming in Manufacturing –ISM’s Fiore: Plunge in Prices Index Due to Weaker China Demand, Lower Energy Costs By Max Sato (MaceNews) – U.S. manufacturing activity growth slowed marginally in July from June, remaining at the lowest rate […]
Japan Government Upgrades View: Consumption, Jobs Leading Gradual Economic Pickup
By Max Sato (MaceNews) – Japan’s government Tuesday upgraded its economic overview for the first time in three months in July as consumption is on a clearer pickup path, led by job creation and pent-up demand, but real wages are falling amid rising inflation and the weaker yen is eroding purchasing power, according to its […]
Japan June Exports Hit Record High, Shipments to China Rebound After Covid Lockdown
–Exports Hit Fresh Record High on Reopening Demand, Rising Costs –Imports Mark 4th Straight Month of Record High amid High Oil and Gas Prices –In 1H 2022, Exports, Imports Reach All-Time Highs, Trade Deficit Largest By Max Sato (MaceNews) – Solid reopening demand for mineral fuels, iron and steel, and semiconductors led Japanese export values […]
Japan May Industrial Output Plunges as China Covid Lockdowns Worsen Supply Bottlenecks
–METI: June Output Likely to Rebound but Not Enough to Offset May Drop–May Index of Industrial Production Hits Lowest Level Since August 2020 –METI Downgrades View for 2nd Straight Month: Output Weaker Vs. Pausing –METI Repeats: To Watch Effects of Pandemic, Parts Shortages, Inflation, Ukraine War By Max Sato (MaceNews) – Japan’s industrial production posted […]
Preview: BOJ June Tankan Sentiment Mixed; Manufacturers Down, Services Up
–Covid Lockdowns in China, High Producer Costs Weigh on Factory Operators –Services Seen Upbeat on Japan’s Eased Covid Rules, Summer Spending Hopes –Business Confidence Projected to Improve in September Amid Uncertainty –Firms, Large and Small, Expected to Revise Up Their Combined FY22 Capex Plans By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan […]
White House and Other Schedules for Tuesday, June 28
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORTUESDAY, JUNE 28 – THURSDAY, JUNE 30, 2022 Tuesday, June 28, 2022 The President will attend the final session of the […]
Japan May Exports Post 15th Straight Y/Y Rise on Reopening Demand for Steel, Electronic Parts
–Imports Hit Fresh Record High on High Energy Costs, Leading to 10th Straight Trade Deficit –Exports to China Mark 2nd Straight Y/Y Drop on Covid Lockdowns By Max Sato (MaceNews) – Global reopening demand for iron and steel and semiconductors continued driving Japanese exports to surpass year-earlier levels for the 15th month in a row […]