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Home / Tag Archives: Economic Releases (page 4)

Tag Archives: Economic Releases

Vehicle sales, commercial real estate investment, China services PMI, mortgage purchase apps

Still way down: I like the headline but the chart not so much: China Services PMI Rises to 3-Month High The Caixin China General Services PMI increased to 53.8 in October 2021 from 53.4 in the prior month, pointing to the second straight month of expansion in the service sector and the steepest pace since July as COVID-19 outbreaks eased. New orders expanded the most in three months, export sales returned to growth, and employment rose for the second month in a row....

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China, Brazil manufacturing, US Construction Spending, coal

Seems a global thing: No recovery here: Another price reversal: GC Newcastle coal futures tumbled by over 30% to $150 per metric ton, the lowest in three months, and are more than 40% below a record high of $269.5 hit on October 5th, as China stepped up policies to boost output ahead of the winter season. China’s average daily output increased by over 1.2 million tonnes to a record at above 11.6 million tonnes on October 18th. As a result, Chinese power plants now have...

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GDP, Unemployment claims, China coal

Deficit spending as a % of GDP heading south fast: US GDP Growth Disappoints The American economy expanded an annualized 2% on quarter in Q3 2021, well below market forecasts of 2.7% and slowing sharply from 6.7% in Q2. It is the weakest growth of pandemic recovery as an infusion of government stimulus continued to fade and a surge in COVID-19 cases and global supply constraints weighted on consumption and production. Gov’s saving money as claims fall: Transitory?...

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Consumer sentiment, oil prices, federal debt/GPD

Not looking good: Russians and Saudis now cooperating to set crude oil prices.Not good: Post covid fiscal contraction is underway and debt/gdp is forecast to fall a lot further.Most of the Federal assistance was the likes of unemployment benefits which havenow expired and new spending programs from Congress seem to be not happening,at least any time soon. Also, higher prices mean the inflation adjusted value of theoutstanding public debt falls which is a drag on private...

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