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- Consumer Sentiment (Jan-prelim)
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- Canada: CPI (Dec), Intl Transactions in Securities (Nov)
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Economy in Brief
Delay in Release
of Data for Construction, MSIO, Intl Trade, Wholesale Trade, Monthly Treasury, Retail Sales, Business Sales & Inventories, and Housing Starts Due to Lapse in Federal Government Funding.
U.K. Retail Sales Begin to Lose Momentum
U.K. retail sales fell by a sharp 1% in December...
Philadelphia Fed Manufacturing Index Rebounds; Pricing Pressure Eases
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index increased to 17.0 during January...
U.S. Initial Unemployment Insurance Claims Slip
Initial claims for jobless insurance eased to 213,000 (-2.6% y/y) during the week ended January 12...
Passenger Car Registrations Hold to Low Ground in Europe
Passenger car registrations in Europe fell on a year-over-year comparison for the fourth consecutive months in December...
by Robert Brusca October 17, 2007
Japan’s economic signals took a turn for the better in August as the sector indexes for manufacturing and mining as well as for the services sector (the tertiary index) advanced strongly in August. Each of these sectors show the highest readings in their respective ranges since February 1993. The manufacturing and mining index is on a strong surge. The tertiary index is slower but steadily gaining trend.These readings come as the IMF in its twice-yearly World Economic Outlook (WEO) warned the BOJ not to hike rates too soon. Japan’s recent economic readings have been erratic. Its price trends have not completely set the event of deflation behind it. So while these sector readings are good news they do not yet make the needed clear case for solid growth in Japan.
| Recent Months | Moving Averages | Extremes; Range | |||||||
| Aug-2007 | Jul-2007 | Jun-2007 | 3-Mo | 6-Mo | 12-Mo | Max | Min | %-Tile | |
| Mining and MFG | 111.9 | 108.1 | 108.5 | 109.5 | 108.4 | 108.2 | 111.9 | 87.7 | 100.0% |
| Tertiary | 111.3 | 109.9 | 110.3 | 110.5 | 110.1 | 109.7 | 111.3 | 91.0 | 100.0% |
| Ranges, Max, Min since 1993 | |||||||||
