Recent Updates
- Japan: Checks and Bills Clearing (Mar)
- US: Existing Home Sales Detail (Mar)
- UAE: CPI (Mar), Dubai GDP (Q4); Lebanon: CPI (Mar); Israel: PMI (Mar), Quantity of New Dwellings Demanded (Feb); Palestine: Public Debt (Mar-Prelim); Saudi Arabia: Real Estate Price Index (Q1)
- Canada: Wholesale Trade (Feb)
- US: Chicago Fed National Activity Index (Mar)
- more updates...
Economy in Brief
PMIs Stabilize or Creep Higher After Drop-Off
In the EMU, both the services and manufacturing sectors took a substantial step down one month ago...
FIBER: Industrial Commodity Prices Strengthen Selectively
The FIBER Industrial Materials Price Index increased 0.4% during the last four weeks...
German PPI Accelerates
The German year-on-year PPI has generally been decelerating since early 2017...
U.S. Leading Economic Indicators Signal Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% during March...
Philadelphia Fed Factory Conditions Improve; Prices Jump
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rose to 23.2 during April...
by Robert Brusca August 10, 2007
Industrial production in Japan has clearly been slowing down. But the three-month pace is showing more lift. Still, this is the volatile measure and its greater lift does not mean that will remain force. For the time being Japan appears to be doing better, but its momentum remains uncertain. By sector, manufacturing is strong over three months but still lower over 6 months and one year and its gain is based on the first monthly rise in four months. Investment and mining categories have a bit more of an uptrend in place; mining is up over 3-month, 6-month and one-year period. This sector does not look solid enough to justify a rate hike anytime soon.
m/m % | Saar % | Yr/Yr | |||||
Jun-07 | May-07 | Apr-07 | 3-mo | 6-mo | 12-mo | Yr-Ago | |
Mining & Manufacturing | 1.3% | -0.3% | -0.2% | 3.4% | -2.0% | 2.3% | 5.3% |
Total Industry | 1.2% | -0.6% | 0.3% | 3.4% | -2.7% | 2.3% | 4.9% |
Manufacturing | 1.3% | -0.3% | -0.2% | 3.4% | -1.8% | 2.3% | 5.3% |
Food & Tobacco | -1.5% | 0.7% | -0.6% | -5.4% | -0.9% | -0.7% | -0.3% |
Textiles | 1.1% | 0.2% | 0.0% | 5.3% | -1.6% | -3.7% | -2.9% |
Transportation | 0.7% | 4.2% | -2.4% | 9.5% | -5.4% | 5.8% | 6.4% |
Product | |||||||
Consumer Goods | 3.5% | -3.4% | 0.6% | 2.4% | -2.5% | 0.8% | 4.2% |
Intermediate Goods | 1.3% | -0.5% | -0.3% | 1.7% | -0.7% | 4.4% | 5.7% |
Investment Goods | 0.1% | 2.0% | 0.6% | 11.4% | 0.0% | -1.2% | 5.7% |
Mining | 4.1% | 0.6% | 0.4% | 21.9% | 18.5% | 9.1% | 5.5% |
Electricity & Gas | 0.3% | -2.6% | 2.0% | -1.4% | -1.7% | 2.9% | 1.4% |