JAPAN OCT HOUSEHOLD SPENDING POSTS 1ST Y/Y RISE IN 13 MONTHS IN REACTION TO TAX HIKE SLUMP
By Max Sato (MaceNews) – Japan’s household spending in October marked the first year-on-year increase in 13 months as the base-year effects of the October 2019 sales tax hike faded, while a third wave of coronavirus infections around the world is likely to continue restricting some expenditures, data released Tuesday by the Ministry of Internal […]
NABE SURVEY FINDS MIXED SIGNALS ON VIRUS EFFECT BUT A BETTER 2021
–For 2021 ‘A Dramatic Improvement From the October Survey’ WASHINGTON (MaceNews) – Members of the National Association for Business Economics Monday were of at least two minds about several pandemic related metrics, on the one hand taking a somewhat optimistic view that despite the virus surge, growth would only moderate, not tank in the near […]
STATUS CHECK: RUMOR CHECK – 2020 WILL END AT SOME POINT
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Wait, this just in. The Brexit talks have fallen apart. You don’t look surprised. Or even interested. Someday a headline will flash. Brexit Talks Fall Together. Time is running out, after all. The […]
DATA PREVIEW: INFLATION MEASURES NOT EXPECTED TO RING ANY ALARM BELLS
WASHINGTON (MaceNews) – The coming week’s economic data measures updated consumer and business inflation readings in a context of higher interest rates and a slower rebuilding of the jobs market. Outside of the standard data, Congress faces a midnight Friday deadline to avoid another government shutdown which, if it happens, could delay the following week’s […]
BOE OFFICIAL: FURTHER UK QE MORE EFFECTIVE WITH RATE CUT
—MPC External Member Saunders Also Sees Merit in Sub-Base Rate lLnding to Corporates By Laurie Laird LONDON (MaceNews) – Any expansion of quantitative easing will pack a greater punch if coupled with a rate cut, according to a key Bank of England official, who believes that borrowing rates in the UK have yet to reach […]
STATUS CHECK COMMENTARY: IS PANDEMIC RELIEF CLOSER? REALLY?
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. It would be the biggest accomplishment of the House Problem Solvers Caucus, to be the catalyst for the passage of a pandemic relief package. The approximately half a hundred Republicans and Democrats who […]
FED’S BEIGE BK: FOUR DISTRICTS W/LITTLE OR NO GROWTH
WASHINGTON (MaceNews) – The Federal Reserve’s Beige Book survey of economic conditions from coast to coast, prepared for the final Federal Open Market Committee of the year in the middle of the month, not surprisingly Wednesday found a “modest” recovery marbled with seams of stagnancy as a resurgence of Covid-19 suppresses a lot of commerce. […]
JAPAN MOF SURVEY: Q3 CAPEX REMAINS WEAK; REVISION TO GDP CAPEX DATA SEEN LIMITED
By Max Sato (MaceNews) – Business investment in equipment by many Japanese companies remained depressed in the July-September quarter, compared to year-earlier levels, but the pace of decline decelerated from the previous three-month period, a quarterly survey by the Ministry of Finance released Tuesday showed. This may prompt the Cabinet Office to make only a […]
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, […]