All Regions
All Regions
Data Round-Up: Despite Solid Payroll Jobs Gain, FOMC Likely to Stand Pat in March
FMI’s analysis of this morning’s February Employment and January International Trade reports.
February Slump in Wages, Hours Was Likely Exaggerated
FMI’s Commentary on what to look at, and what to downplay, in the monthly employment report.
Slump in Corporate Earnings Merits Little Concern
FMI’s Commentary on corporate profits
February 2016 Non-Manufacturing Index
Services still show moderate expansion, but green shoots are appearing.
Abe Considering Another Postponement of Tax Hike on Poor Consumer Spending
Key points: - Kantei considering another postponement of the consumption tax hike - This is partly due to upcoming election and partly due to ongoing bad news on consumer spending - Consumer spending in January was down a whopping 4% from a year ago - Spending is now even lower than it was in mid-2014 after the consumption tax was raised from 5% to 8% - Auto sales are down 20% from a year ago - Some economists see GDP falling again in January-March, after having fallen at a 1.4% annual rate in October-December
February Employment Preview: Expect +175K Private Payroll Jobs
FMI’s Preview of the February Employment Report
TOE Alert: Teflon Abe; the Curse of One-Party Democracy
Key points: - As we expected, public disenchantment has grown as Abenomics failed to deliver on its promises; in a new Nikkei poll, 50% of respondents said they were dissatisfied - However, we were wrong in our expectation that disenchantment with Abenomics would propel a steady erosion of Abe’s overall approval ratings; over the last year, approval has stabilized at around 40-50%, a high level for a PM with Abe’s tenure - There is growing expectation that Abe will call—and win—a double-election this summer of both Upper and Lower House; Abe will not, however, secure a two-thirds majority in both Houses needed to revise the Constitution
Data Round-Up: Light at End of Tunnel Getting Brighter
FMI’s analyses of this morning’s February PMI and January Construction reports.
February 2016 Regional Business Surveys
FMI’s analysis of today’s February Chicago Purchasing Managers’ Index (and other Regional Surveys).
Preview of Data Releases: February 29-March 4, 201
Preview of the rest of the week’s notable data releases (including a Summary of data released in February and a Schedule of major releases in March) from FMI.