Commentary The November jobs report showed that the economy added 263,000 new jobs, considerably better than the consensus estimate of 200,000 jobs. This morning’s print is 21,000 fewer jobs than were created in October 2022 and 384,000 fewer jobs than were created in the COVID recovery period of 2021. Net revisions for August and September added another 29,000 net new jobs. (It is…
November Jobs Prints Well Above Expectations, So Fed Policy Is a Toss-Up
December 2, 2022
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Japan November Household Spending Set for First Rise in 4 Months, Omicron Poses Risks: Poll
TOKYO—Japan’s household spending likely rose in November for the first time in four months while consumer inflation in Tokyo area is expected to have hit a 22-month-high in December, a Reuters poll showed. Low coronavirus cases have boosted consumption and the broader economy throughout the last quarter of 2021, but the recent spread of the…
US Manufacturing Production Near Three-Year High in November
December 16, 2021
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WASHINGTON—Production at U.S. factories increased to its highest level in nearly three years in November as output rose across the board, providing a powerful boost to economy as the year ends. The manufacturing output index climbed 0.7 percent last month to 100.6, the highest level since January 2019, the Federal Reserve said on Thursday. That…
Tesla Sold 52,859 China-Made Vehicles in November: CPCA
December 8, 2021
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BEIJING—U.S. electric vehicle maker Tesla Inc. sold 52,859 China-made vehicles in November, including 21,127 for export, the China Passenger Car Association (CPCA) said on Wednesday. Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, sold 54,391 China-made vehicles in October, including 40,666 that were exported. Chinese EV makers Nio Inc….
Hedge Funds’ November Performance Worst Since March 2020: HFR
December 8, 2021
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LONDON—Hedge funds posted their worst performance in 20 months in November, after a global market selloff sparked by concerns over the Omicron COVID-19 variant, according to data from HedgeFund Research. Financial markets went into a tailspin in the final week of November with U.S. stocks losing nearly 4 percent in the last five trading sessions…
Euro Zone November Business Growth Acceleration May Be Temporary: PMI
December 3, 2021
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LONDON—Euro zone business activity accelerated last month but the bounce may be temporary as demand growth weakened and fears about the Omicron coronavirus variant put a dent in optimism, a survey showed on Friday. IHS Markit’s Flash Composite Purchasing Managers’ Index (PMI), a good gauge of overall economic health, jumped to 55.4 in November from…
OPEC Oil Output Boost in November Again Falls Short of Target
November 30, 2021
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LONDON—The increase in OPEC’s oil output in November has again undershot the rise planned under a deal with allies, a Reuters survey found on Tuesday, bringing a lack of capacity in some producers into focus ahead of a policy meeting this week. The Organization of the Petroleum Exporting Countries (OPEC) pumped 27.74 million barrels per…
US Business Activity Slows Moderately in Mid-November: IHS Markit Survey
WASHINGTON—U.S. business activity slowed moderately in November amid labor shortages and raw material delays, contributing to prices continuing to soar halfway through the fourth quarter. Data firm IHS Markit said on Tuesday its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, fell to a reading of 56.5 in mid-November from…
Euro Zone November Growth Surprisingly Strong but Outlook Darkens: PMI
November 23, 2021
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LONDON—Euro zone business growth unexpectedly accelerated this month but another wave of coronavirus infections and new restrictions, alongside price pressures, are likely to put a dent in December’s expansion, a survey showed on Tuesday. IHS Markit’s Flash Composite Purchasing Managers’ Index, a good indicator of overall economic health, jumped to 55.8 in November from 54.2…
Japan Panel to Propose Stimulus Package Blueprint in Early November
October 26, 2021
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TOKYO—A panel led by Japanese Prime Minister Fumio Kishida will compile a proposal in early November for a stimulus package aimed at cushioning the economic impact of the coronavirus pandemic, the economy minister said on Tuesday. The proposal will also include a roadmap of long-term policy priorities such as building more robust supply chains, promoting…
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