Japan Q3 GDP Slump Revised Down on Weaker Consumption, Exports
— Q4 GDP Rebound Expected Amid Uncertainty Over Covid Impact By Max Sato (MaceNews) – Japan’s economic contraction in July-September quarter was revised down sharply as consumer spending and net exports turned out to be weaker than previously estimated and a buildup in private-sector inventories was lower than thought, more than offsetting an upward revision […]
Japan Oct Household Spending Dip Slows on Eased Covid Restrictions
By Max Sato (MaceNews) – Japan’s household spending posted the third straight year-on-year drop in October but the pace of decline decelerated from September as the government lifted its Covid-19 state of emergency restrictions on Oct. 1, data released Tuesday by the Ministry of Internal Affairs and Communications showed. The number of new Covid-19 cases […]
No US Government Shutdown
By Eric Ham WASHINGTON (MaceNews) – The Senate late Thursday agreed with an earlier vote in the House and successfully avoided a government shutdown Friday night. The Senate vote was a bipartisan 69 to 28 to extend the current federal budget to Feb. 18. An earlier Senate vote that could have demolished the plan of […]
Election of Italy’s Next President Will Favor ‘Continuity of Policy’ with Draghi’s Cabinet – Sources
By Silvia Marchetti ROME (MaceNews) – The appointment by parliament of Italy’s next head of state is likely to raise political tensions as parties seek a deal on the successor, with rising speculation that current premier Mario Draghi could be taking over the role, according to ruling coalition sources. Officials argued that coming weeks will […]
Eurozone Consumer Prices Rise 4.9% in November from A Year Ago on Energy Costs
ZURICH (MaceNews) – Consumer prices in the Eurozone are expected to rise 4.9 percent in November from a year ago, exceeding economists’ expectations according to preliminary HICP data released today by Eurostat. Economists had been expecting a price increase of 4.4 percent compared to year ago, according to the median of an Econoday survey of […]
Japan Oct Factory Output Shows Modest Rebound on Easing Supply Bottlenecks
— METI Keeps View After Recent Downgrade: Factory Output Pausing— METI Repeats: Watch Effects of Rising COVID Cases, Global Chip Shortages By Max Sato (MaceNews) – Japan’s industrial production posted a modest rebound in October amid easing disruptions of parts supply from Southeast Asia, which has forced automakers and other firms to reduce factory operations […]
Japan Oct Unemployment Edged Down to 7-Month Low But Job Growth Slows
By Max Sato (MaceNews) – The Japanese labor market showed a mixed picture in October as the unemployment rate improved slightly to a seven-month low while job growth continued slowing at the same time, data released Tuesday by the Ministry of Internal Affairs and Communications showed. The seasonally adjusted average unemployment rate in Japan fell […]
Eurozone Economic Confidence Fell in November, Matching Expectations
ZURICH (MaceNews) – Economic sentiment in the countries sharing the euro fell in November, falling 1.1 points to 117.5, according to the latest report from the European Commission. The result was exactly in-line with the median of an Econoday survey of economists’ forecasts. Among sectors for the eurozone in November the results were as follows: […]
Germany’s Consumer Prices Rose 5.2% From a Year-Ago; Energy Costs up 22.1%
ZURICH (MaceNews) – Consumer prices in Germany increased 5.2 percent in November from a year ago, up from 4.5 percent in October and exceeding economists’ expectations, according to preliminary data released by the Federal Statistics Office Destatis. Prices were driven higher by a 22.1 percent annual increase in energy costs, but Destatis also noted a […]
ECB’S Schnabel: Forecasts Show November is High Point of Inflation
ZURICH (MaceNews) – Currently surging inflation is seen peaking in November and then moving lower to once again fall below two percent, ECB governing council member Isabel Schnabel said in an interview Monday with Germany’s ZDF broadcaster. Inflation in the coming year will recede in direction of the ECB’s goal of 2 percent and many […]