by The global slow motion train wreck continues: Japan: Core machinery orders in Japan, which exclude those of ships and electrical equipment, declined 6.0 percent from a month earlier in October 2019, following a 2.9 percent fall in September and compared with market expectations of a 0.9 percent increase. It marked the longest period of month-on-month contraction since a similar stretch to January 2009, mainly due to lower demand for fabricated metal products (-44.3 percent), information & communication electronics equipment (-43.7 percent), ship building (-31.9 percent), iron & steel (-21.1 percent), business oriented machinery (-15.2 percent) and general-purpose and production machinery (-10.9 percent). Mexico Industrial Output Falls the Most in 5 Months Mexico’s
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WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
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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
The global slow motion train wreck continues:
Japan:
Core machinery orders in Japan, which exclude those of ships and electrical equipment, declined 6.0 percent from a month earlier in October 2019, following a 2.9 percent fall in September and compared with market expectations of a 0.9 percent increase. It marked the longest period of month-on-month contraction since a similar stretch to January 2009, mainly due to lower demand for fabricated metal products (-44.3 percent), information & communication electronics equipment (-43.7 percent), ship building (-31.9 percent), iron & steel (-21.1 percent), business oriented machinery (-15.2 percent) and general-purpose and production machinery (-10.9 percent).
Mexico Industrial Output Falls the Most in 5 Months
Mexico’s industrial production fell 3 percent from a year earlier in October 2019, following a 1.8 percent decline in the previous month and above market forecasts of a 2.1 percent decrease. manufacturing production dropped 1.2 percent, after rising 0.8 percent in September; and construction output declined further (-9.3 percent compared to -8.3 percent).
May just be from the Thanksgiving holiday and reversed next week:
