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 […]
White House and Other Schedules for Tuesday, Dec 26
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 SCHEDULE FOR TUESDAY, DECEMBER 26, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
White House and Other Schedules for Friday, Dec 22
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: GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, DECEMBER 22, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
ISM Semiannual Survey: US Economy to Continue Picking Up in 2024 as Fed Rate Cut Forecast Seen Easing Concerns
By Max Sato (MaceNews) – The U.S. economy is expected to continue improving in 2024 on expectations that it will avoid recession while inflation and borrowing costs will ease, according to the twice-annual survey by the Institute for Supply Management released Friday. “Manufacturing’s purchasing and supply executives expect to see overall growth in 2024,” Timothy […]
White House and Other Schedules for Friday, Dec 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, DECEMBER 15, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
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 […]
BOJ December Quarter Tankan: Major Manufacturers’ Sentiment Posts 3rd Straight Rise on Improved Supply Chains but Outlook Cautious on High Costs, Labor Shortages
–Major Non-Manufacturers’ Confidence Up for 7th Straight Quarter –Many Sectors Expect Pullback in March in Payback for Recent Improvement –Large Firms’ Combined Fiscal 2023 Capex Plans Revised Down Only Slightly; Small Firms Raise Theirs Further By Max Sato (MaceNews) – Confidence among manufacturers and non-manufacturers in Japan all picked up more than expected in December […]
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 Monday, Dec 4
WASHINGTON (MaceNews) – The following are Monday’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 MONDAY, DECEMBER 4, 2023 In the afternoon, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
US November ISM Manufacturing in Contraction for 13th Straight Month as Firms Trim Output, Headcount in Response to Soft Demand
–ISM Manufacturing Index Unchanged at Weaker-Than-Expected 46.7 in November –ISM’s Fiore: Sector at Lower End of Trough; Things Moving Very Slowly –Fiore: New Orders Still Down, No Idea Where They Will Be in December –Fiore: High Fuel Costs Are Negative as Energy Market Looks Set to Rise Again By Max Sato (MaceNews) – U.S. manufacturing activity was […]