Wednesday , April 8 2020
Home / Tag Archives: Economic Releases

Tag Archives: Economic Releases

Lending, Weather adjusted employment, Japan

The mini spike in real estate lending from the drop in rates is already fading: The Japanese economy shrank 7.1 percent on an annualized basis in the fourth quarter of 2019, worse than an initial estimate of a 6.6 percent contraction and following a downwardly revised 0.1 percent growth in the previous three-month period. That was the biggest slump in GDP since the second quarter of 2014 as private consumption dropped 10.6 percent as a sales tax hike in October weighed on...

Read More »

Employment, Trade, Rails, Earnings

I suspect these numbers will be subject to large downward revisions, particularly today’s release, and the downtrend will continue. This is much like the other indicators that had recently blipped up and then reversed: Wage growth, for example, has been decelerating, while the narrative is that everyone is working and there are no people left to employ: The number of persons working part time for economic reasons increased in February to 4.318 million from 4.182 million in...

Read More »

ISM, Construction spending, Bank loans, HK chart, Headlines, CEO departures

Another one of those brief moves up after the long slide seems to be reversing: The ISM Manufacturing PMI for the US declined to 50.1 in February of 2020 from 50.9 in January and below market expectations of 50.5. New orders contracted (49.8 from 52), production slowed (50.3 from 54.3) and both employment (46.9 from 46.6) and inventories (46.5 from 48.8) continued to fall. Also, price pressures declined (45.9 from 53.3). Global supply chains are impacting most, if not all,...

Read More »