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- US: Business Formation Statistics, Producer Prices (Jul)
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Economy in Brief
U.S. CPI Unchanged in July with Drop in Energy Prices
Consumer prices were unchanged in July after an outsized 1.3% m/m jump in June...
U.S. Federal Government Budget Deficit Shrinks in July
The U.S. Treasury Department reported a federal budget deficit of $211.1 billion in July...
U.S. Mortgage Applications Rose Slightly in the Latest Week
Mortgage applications increased 0.2% (-62.9% y/y) from one week earlier...
German Inflation Rises
The German inflation rate as measured by the HICP accelerated to 8.4% in July...
U.S. Productivity Declines in Q2, Pushing Unit Labor Costs Higher
Nonfarm business sector productivity fell 4.6% (AR) during Q2'22...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Robert Brusca November 8, 2007
The economy watcher’s index is dropping rapidly and so is the
future index. Each of them is at a relative low point in its five year
range in the low 40th percentile of it. The weakness in these survey indexes
is set in the table against the NTC survey of manufacturing sentiment.
MFG sentiment is even weaker, residing in the bottom 15 percentile of
its range. Clearly Japan is
having some difficulty with growth. Both the anecdotal economy watchers
survey and the more grounded NTC survey of manufacturers show fading
growth and very low current activity readings.
Key Japanese Surveys | |||||||
---|---|---|---|---|---|---|---|
Raw readings of each survey | Percent of 5Yr range | ||||||
Oct-07 | Sep-07 | Aug-07 | Jul-07 | Oct-07 | Sep-07 | Aug-07 | |
Diffusion | |||||||
Economy Watchers | 41.5 | 42.9 | 44.1 | 44.7 | 27.5% | 33.9% | 39.4% |
Employment | 43.8 | 48.8 | 48.3 | 51.2 | 21.5% | 39.4% | 37.6% |
Future | 43.1 | 46.0 | 46.5 | 46.7 | 32.2% | 46.7% | 49.2% |
NTC MFG | 49.5 | 49.8 | -- | -- | 15.5% | 18.7% | 16.2% |