JAPAN OCT FACTORY OUTPUT POSTS 5TH STRAIGHT M/M RISE, REMAINS ON PICKUP TREND
By Max Sato (MaceNews) – Japan’s industrial production continued chugging along in October for the fifth consecutive monthly rise, recovering much of the pandemic-triggered slump as solid demand for general machinery and automobiles more than offset lower output of electronic parts and devices, preliminary data released Monday by the Ministry of Economy, Trade and Industry […]
EURO AREA BUSINESS SENTIMENT POSTS FIRST DROP SINCE APRIL
By Marco Babic ZURICH (MaceNews) – Economic sentiment in the euro area fell in November for the first time since April when the effects of the first COVID-19 wave pushed sentiment sharply lower. The Economic Sentiment Index (ESI) for the countries sharing the euro fell “markedly” in November to 87.6 from 91.1 the previous month, […]
JAPAN NOV TOKYO CORE CPI POSTS LARGEST Y/Y DROP IN OVER 8 YEARS AMID SLIDING ENERGY COSTS
By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, posted a larger-than-expected drop in November, amid falling energy prices and a controversial government program to support the pandemic-hit tourism industry with hotel and transport discounts, data from the Ministry of Internal Affairs and Communications released Friday showed. The […]
STATUS CHECK COMMENTARY- THE HAVES GIVE THANKS, THE HAVE-NOTS WAIT IN LINE
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The day before Thanksgiving, the latest economic data suggested the country is fractured economically as well as politically, with hardship increasing at the same exponential pace as virus infections while those lucky enough […]
DATA FLASH: US OCTOBER PERSONAL INCOME FALLS AS STIMULUS DISAPPEARS
–US October Personal Income -0.7% After +0.7% in October, Savings Rate 13.6%–Nominal PCE +0.5%, Real PCE +0.5%; Core Prices Flat–November Michigan Sentiment Index Revised Down to 76.9, Expectations Tumble By Kevin Kastner WASHINGTON (MaceNews) – Personal income fell in October, reflecting the removal of the Lost Wages stimulus package that lifted income in September, one […]
UK DOWNGRADES ECONOMIC FORECASTS; RETURN TO POST-PANDEMIC LEVEL DELAYED TO END 2022
By Laurie Laird LONDON (MaceNews) – The UK economy – already lagging its developed-world peers – will recover more slowly than expected, according to updated forecasts released on Wednesday. Output will not regain its pre-pandemic level until the final quarter of 2022, according to UK’s top finance official, Chancellor Rishi Sunak, delivering his spending statement […]
STATUS CHECK COMMENTARY- STILL WAITING FOR YELLEN
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · President-Elect Joe Biden’s slate of foreign policy, national security and domestic security picks who made their formal debut Tuesday did not yet include Janet Yellen, who perhaps will get a solo event […]
GERMAN BUSINESS CONFIDENCE FALLS IN NOVEMBER ON VIRUS CONCERNS
By Marco Babic ZURICH (MaceNews) – Sentiment at German companies deteriorated in November, as a second wave of COVID-19 cases are dampening expectations, the Munich-based Ifo Institute said Tuesday. The Business Climate Index fell for a second month to 90.7 in November from a revised 92.5 (92.7) the previous month. The decline was not as […]
STATUS CHECK COMMENTARY- A TRUMP GOODBYE SPEECH IN THE WORKS?
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · A Monday night to remember, when Joe Biden won the presidency, sort of. It was a time for Biden supporters to celebrate all over again. They didn’t but they could have. The […]
BOE SEES DIMINISHING MARGINAL RETURNS FROM ASSET PURCHASES
— External Rate Setters Lament Low Inflation, Raising Questions Over MPC Rift and Future Policy By Laurie LairdLONDON (MaceNews) – Top Bank of England rate setters agreed that quantitative easing will exert a diminishing influence on the UK economic recovery, raising questions about the tools available to the central bank as two external officials lamented […]