by Tariff man, aka Agent Orange, doing a number on global economies… Just went negative: Services moved up some but the trend still looks down: Japan appearing to be collapsing as well: And these recent headlines: Argentina Leading Economic Index The economy of Argentina shrank 0.1 percent month-over-month in January 2019, following a 0.3 percent contraction in the previous month. It is the eleventh consecutive decrease in economic activity but the softest since a mild 0.2 percent expansion seen in February last year. Russia GDP YoY Russia’s gross domestic product growth slowed to 0.7 percent year-on-year in January 2019, the weakest since a contraction seen in November 2017, from an upwardly revised 2.3 percent in the previous month. Output rose at a softer pace for
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WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices
WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits
WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production
Tariff man, aka Agent Orange, doing a number on global economies…
Just went negative:
Services moved up some but the trend still looks down:
Japan appearing to be collapsing as well:
And these recent headlines:
Argentina Leading Economic Index
The economy of Argentina shrank 0.1 percent month-over-month in January 2019, following a 0.3 percent contraction in the previous month. It is the eleventh consecutive decrease in economic activity but the softest since a mild 0.2 percent expansion seen in February last year.
Russia GDP YoY
Russia’s gross domestic product growth slowed to 0.7 percent year-on-year in January 2019, the weakest since a contraction seen in November 2017, from an upwardly revised 2.3 percent in the previous month. Output rose at a softer pace for construction (0.1 percent vs 2.6 percent in December), retail trade (1.6 percent vs 2.3 percent), freight turnover (2.4 percent vs 3.2 percent) and industrial production (1.1 percent vs 2 percent). On the other hand, agriculture activity expanded at a faster 0.7 percent, compared to a 0.1 percent decline in December.
Brazil Business Confidence
The Industrial Entrepreneur Confidence Index in Brazil fell to 64.5 in February 2019 from 64.7 in the previous month. Future expectations deteriorated (69 from 69.9 in January), namely regarding the company’s situation (69.2 from 69.9) and the country’s economic situation (68.5 from 69.8). Meanwhile, the assessment for current conditions improved (55.6 from 54.1), boosted by both the country’s economic situation (57.1 from 54.8) and the company’s situation (55 from 53.7). Among sectors, confidence weakened in construction (63.3 from 63.7) and manufacturing (64.7 from 64.9) while strengthened in mining (66.7 from 65.1).