Recent Updates
- Israel: Average Housing Prices (Q2)
- Japan: NCI Economic Activity Index (Aug)
- US: NAHB/Wells Fargo Housing Market Index (Aug)
- Canada: Wholesale trade, MSIO (June)
- Pakistan: Foreign Currency Deposits and Utilization (JUL)
- more updates...
Economy in Brief
U.S. Empire State Manufacturing Index Plummets in August; Lowest Since May '20
The Empire State Manufacturing Index of General Business Conditions plunged to -31.3 in August...
U.S. Import and Export Prices Fall in July; Deepest Since April 2020
Import prices fell 1.4% m/m (8.8% y/y) in July...
U.S. Housing Affordability Declines Further in June
The NAR Fixed Rate Mortgage Housing Affordability Index fell 3.6% in June...
EMU Output Makes Solid Gain in June
The European Monetary Union posted a 0.7% increase for industrial output in June...
U.S. Producer Prices Fall During July; Core Increase Weakens
The Producer Price Index for Final Demand fell 0.5% during July...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
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% |