Tag Archives: Economic Releases

Today’s trade agreement will do nothing to reverse the tariff induced deceleration well underway in the economy: This is through Q3:

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...

Still elevated vs before the election, but working its way down from the highs: China Auto Sales Fall for 17th Straight Month Vehicles sales in China dropped 3.6 percent from a year ago to 2.46 million units in November 2019, marking the 17th consecutive month of decline, as local governments accelerated changes to emission standards this year. Sales of new energy vehicles (NEVs), including plug-in hybrids, battery-only electric vehicles and those powered by hydrogen fuel...

Deeper into contraction: German Industrial Output Falls Unexpectedly Industrial production in Germany dropped by 1.7% mom in October 2019, missing market expectations of a 0.1% growth and following a 0.6% fall in September. This marked the steepest monthly decrease in industrial output since April, as production fell for capital goods (-4.4%), including tools, vehicles and machinery. Year-on-year, industrial output slumped 5.3%, the most in a decade. Manufacturing alone went...

Still in a down draft with additional tariffs scheduled to kick in Dec 15. Decelerating employment growth translates into decelerating personal income growth, etc. etc. etc. Similar pattern for wages- up some with tax cuts, down with tariffs: Meanwhile seems the crowd is making a big deal over the larger than expected headline number of data that’s both volatile and subject to large revisions: The 266,000 jobs added in November is an important number since it defies...

A Growing Share of S&P 500 Companies’ Earnings Are Contracting 350 health professionals sign letter to Congress claiming Trump’s mental health is deteriorating dangerously amid impeachment proceedings

The details show a weakening US consumer: The US trade deficit narrowed to USD 47.2 billion in October of 2019 from a downwardly revised USD 51.1 billion in the previous month, and below market expectations of a USD 48.7 billion. It is the lowest trade gap since May of 2018. Imports slumped 1.7 percent to the lowest value in two years amid falling purchases of pharmaceutical preparations, auto parts, vehicles and cell phones Exports edged down 0.2 percent. Still working...

US Companies Add the Least Jobs in 6 Months: ADP Private businesses in the US hired 67K workers in November, well below market expectations of 140K and compared with a downwardly revised 121K in October. The service-providing sector added 85K jobs, driven mostly by education & health; professional & business; leisure & hospitality and other services. Meanwhile, the goods-producing sector shed 18K jobs, the third straight month of falling employment and the sixth...

Makes matters worse: US vows 100% tariffs on French Champagne, cheese, handbags over digital tax US capital expenditures collapsing:

Contraction: Also heading south: Deceleration: China using fiscal adjustments to sustain domestic demand while redirecting trade which won’t help the US: