ISM: US Services Sector Expands for 4th Straight Month in October on More Jobs but Surprise Index Rise Also Caused by Slower Deliveries in Wake of Hurricanes
–ISM Services Index at 56.0 Vs. 54.9 in September, Well Above Median Forecast 53.5 –ISM’s Miller: Index Likely to Slip Back to 53 or 54 in November as Impact of Hurricanes Subsides –Miller: Positive Comments Spreading to More Industries but Uncertainty over US Political Climate Lingers By Max Sato (MaceNews) – Business activity in the […]
Japan June Retail Sales Up 3.7% Y/Y Rise Vs. 2.8% in May as Delayed Rainy Season Boosts Demand for Summer Clothing, Air Conditioners
–METI Upgrades View for 2nd Straight Month: Retail Sales on Uptrend Vs. Gradual Uptrend By Max Sato (MaceNews) – Japanese retail sales rose 3.7% on year in June, above the consensus call of a 3.0% rise, with the pace of increase accelerating from a downwardly revised 2.8% gain in May, thanks to a delayed rainy […]
Japan Government Keeps Its View on Economic Recovery amid Wage Hikes, Warns of Drag from High US, European Rates, China’s Real-Estate Woes
By Max Sato (MaceNews) – Japan’s government maintained its overall assessment that the economy is recovering “moderately” and is likely to stay on course as many firms are raising wages at a higher pace to secure workers and although exports are now largely flat. In its monthly report released Thursday by the Cabinet Office, the […]
Japan May Household Spending Unexpectedly Slumps as Consumers Shy Away from Soaring Fresh Food Prices, Weaker Yen Dents Overseas Travel Demand
Japanese household spending slumps
ISM: US Services Sector Unexpectedly Slips Back into Contraction; Key Index Hits Lowest Since Early Phase of Pandemic Slump
US service business contracts in June
Japan May Retail Sales Above-Forecast 3.0% Y/Y Rise Led by Department Stores, Consumer Electronics; Auto Sales Drop Eases but Still Affected by Earlier Output Suspension
Japanese retail sales rebound in May
Japan April Household Spending Posts 1st Y/Y Rise in 14 Months on Higher Education Costs, More Gift Money at Ceremonies; Autos, Package Tours Slip
Japanese household spending rises from year ago
ISM: US Services Sector Swings Back into Growth in May from April’s Brief Contraction but More Firms Concerned About High Interest Rates
US service sector business rebounds
Japan April Retail Sales +2.4% Y/Y Led by Consumer Electronics Amid Hot Weather; Vehicle Sales Decline Slows After Auto Output, Shipments Resumed in March
Japan retail sales gains
Fed’s Beige Book Shows Lukewarm Growth, Less Jobs Pressure, Retail and Auto Sales Mostly Flat
WASHINGTON (MaceNews) – The Federal Reserve’s survey of economic activity coast-to-coast Wednesday showed generally lackluster growth but only two districts – Dallas and Boston – with little or no improvement. The survey, prepared for the June 11-12 Federal Open Market by the Dallas Fed found most districts with ‘negligible to modest” job gains, prices increasing […]