Macroeconomy

  • 2019-10-11 01:23


    --BOJ Sept Consumer Sentiment Diffusion Index Down 5.8 To -25.0

    TOKYO (MNI) - The Bank of Japan's quarterly consumer survey saw sentiment fall from three months ago, as judged by income, business conditions and footfall at retailers and restaurants, the latest data showed on Friday.

    These are the key points from the survey:

    --The BOJ's consumer sentiment diffusion index for the current climate fell 1.0 points to -26.0 in September, the fifth straight quarterly drop after falling 5.8 points to -25.0 in June.

  • 2019-10-10 14:07


    Unemployment near record low shows economy near capacity, allowing BOC to hold line on rates

    OTTAWA (MNI) - Canada's labor market probably slowed in September, with employers adding just enough workers to keep the jobless rate close to a record low.

    Job gains probably eased to 5,000 last month, according to the MNI economist median, following a gain of 81,100 in August that was far ahead of forecasts.

    The unemployment rate is expected to remain at 5.7% for a third month in September according to the MNI economist median. The rate hit a record low of 5.4% in May.

  • 2019-10-09 21:25


    TOKYO (MNI) - Japan's corporate goods price index posted a fourth straight year-on-year decline in September, with the index falling to the lowest level since December 2016 when it fell 1.2% on year, data released by the Bank of Japan Thursday showed.

    September's 1.1% y/y fall accelerated from a 0.9% decline in August, -0.6% in July and -0.2% in June, which was then the first year-on-year drop in 30 months.

    A BOJ official noted that CGPI was weighed by weak gasoline prices, although higher prices for agriculture, forestry and fishery products offered upside pressure.

    The BOJ official didn't touch on the outlook for CGPI, or whether it is expected to fall further this year.

    On the month, CGPI was unchanged in September following a 0.3% fall in August.

    Jap

  • 2019-10-09 13:29


    By Brooke Migdon

    WASHINGTON (MNI) - U.S. consumer inflation is expected to rise 0.1% in September, matching August's sluggish pace on declining energy prices. Core CPI is expected to rise more slowly, with markets calling for a 0.2% increase after August's 0.3% gain.

    Energy prices likely fell in September, despite a spike in gasoline in the middle of the month stemming from the disruption of Saudi oil production. Gasoline prices accounting for 4% of the total CPI basket fell 7.2% in September and average energy prices were lower, providing some downside risk for the headline number.

    President Donald Trump's retaliatory tariffs on imported goods from China are likely to be felt in core CPI.

  • 2019-10-08 01:28


    --Japan Sep Econ Watchers Current Index 46.7; Aug 42.8
    --Japan Sep Watchers Current Index Posts 2nd Straight Rise
    --Japan Sep Watchers Outlook Index 36.9; Aug 39.7
    --Japan Sep Watchers Outlook Index Posts 3rd Straight Drop
    --Japan Govt Keeps View: Weakness seen in recovery

    TOKYO (MNI) - Japan's current sentiment index posted the second straight rise in September, helped by retail sales and drinking an eating services that saw front-loaded demand ahead of the Oct 1 sales tax hike, a key government survey released Tuesday showed.

    The monthly survey indicates whether respondents with jobs most sensitive to economic conditions -- taxi and truck drivers, department-store sales staff and restaurant and shop owners -- think economic conditions have improved or worsened from the th

  • 2019-10-07 21:55


    TOKYO (MNI) - Real average household spending in Japan rose 1.0% year-on-year in August for the ninth straight rise following the +0.8% movement in July. The data showed higher spending on food, furniture and household utensils, and clothing and footwear, according to data released Tuesday by the Ministry of Internal Affairs and Communications.

    Here are the key points from the monthly Family Income and Expenditure Survey on Households.

    --Real average spending by households with two or more people posted the ninth straight year-on-year rise in August, up 1.0% after an adjustment for the difference caused by using two different survey methods.

  • 2019-10-07 20:11


    --Japan Aug Average Wages -0.2% Y/Y, 2nd Straight Drop; July -1.0%
    --Japan Aug Real Average Wages -0.6% Y/Y; 8th Straight Drop; July -1.7%
    --Japan Aug Base Wages +0.3% Y/Y, 2nd Straight Rise; July +0.1%
    --Japan Aug Overtime Pay +0.9% Y/Y, 2nd Straight Rise; July +0.1%
    --Japan Aug Bonuses, Other Special Pay -11.4% Y/Y, July -3.3%

    TOKYO (MNI) - Average wages fell 0.2% year-on-year in August following a 1.0% fall in July, with real wages still in negative territory, according to preliminary data released Tuesday by the Ministry of Health, Labour and Welfare.

    Here are the key points from the Monthly Labour Survey:

    --Total monthly average cash earnings per regular employee in Japan fell 0.2% year-on-year to Y276,296 in August, the second straight drop following a 1.0% fall

  • 2019-10-07 01:32


    TOKYO (MNI) - The Bank of Japan's supply-side Consumption Activity Index posted the first rise in three months in August, up a real 3.1% on a seasonally adjusted basis, following an upwardly revised fall of 1.2% (previously -2.4%) in July and a revised fall of 0.6% in June, data released Monday showed.

    The index for the July-August period fell 0.1% on quarter, slowing from +0.9% (revised from +1.0%) in the second quarter.

    The BOJ believes the index underlines its latest assessment that "private consumption has been increasing moderately, albeit with fluctuations, against the background of steady improvement in the employment and income situation."

    However, it also sees private consumption, which accounts for about 60% of the total domestic output, as still lacking m

  • 2019-10-03 15:03


    By Alexandra Kelley

    WASHINGTON (MNI) - U.S. tensions with global trading partners may not cause as much weakness in the service industry as it has for manufacturing, ISM survey chairman Anthony Nieves told MNI.

    The ISM non-manufacturing index fell to the lowest in three years on trade tensions and difficulty finding workers, the group reported Thursday. The index fell to 52.6 in September from 56.4 in August, suggesting a slower expansion.

    The majority of non-manufacturing indices including new orders and employment also showed a slower expansion. At the same time, higher construction labor costs helped boost the ISM price index, suggesting some companies are still struggling to keep up with demand.

  • 2019-10-03 13:10


    By Alexandra Kelley

    WASHINGTON (MNI) - U.S. nonfarm payroll growth is forecast to quicken to 146,000 in September from August's 130,000 even amid trade tensions and weakness in manufacturing.

    Here are some key points to watch in Friday's release:

    -It would be the first pickup in payroll growth in three months, though still short of gains of 159,000 in July and 178,000 in June.

    -Private and service sector jobs are expected to move up to 130,000 in September after the 96,000 gain in August. IHS Markit's Flash Services PMI showed employment accelerating slightly in response to increased production requirements.

    -Service employment growth is expected to rise, driven by increased staffing within the U.S. Census Bureau in preparation for the 2020 census.