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Showing 51 - 60 of 514 results for %22July Survey%22

Chief economist update: Japan economy tanks depsite looser restrictions

BENJAMIN ONG  |  THURSDAY, 27 AUG 2020
... will hover in slightly negative territory for about three years". Japan's annual core inflation rate stood at zero in July. This is based on Kiuchi's reasoning that, "Japan will likely see more small and midsized firms go under as the pandemic's ...

Chief economist update: Comeback COVID

BENJAMIN ONG  |  TUESDAY, 25 AUG 2020
... Composite Output Index fell back to a two-month low reading of 51.6 in August after surging to a two-year high of 54.9 in July and April's all-time low of 13.6. Not surprising, the drop was due to the sharp weakening in the service sector - down ...

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
... consumer pessimism. The Westpac-Melbourne Institute Index of Consumer Sentiment fell 9.5% to 79.5 in August from 87.9 in July-- close to the 75.6 reading recorded in April 2020 (the lowest in the survey's 47-year history). The latest survey doesn't ...

Finance employees remain fearful

ALLY SELBY  |  WEDNESDAY, 12 AUG 2020
... above are increasingly downtrodden, according to the findings, with individual confidence dropping from +35 in June to +23 in July. "Their confidence in their company's long-term outlook has been slowly decreasing for a while; now, their short-term confidence ...

Chief economist update: Forecasting is futile

BENJAMIN ONG  |  WEDNESDAY, 12 AUG 2020
Be afraid... The National Australia Bank's (NAB) business confidence index dropped to a reading of -14 in July from zero in the previous month. "Confidence fell in all industries led by mining which saw a sharp decline. With the exception of retail ...

Chief economist update: Gold 2000

BENJAMIN ONG  |  WEDNESDAY, 29 JUL 2020
... central banks' about face towards a more accommodative policy - led by the US Federal Reserve's interest rate cuts (July, September and October 2019). Gold prices surged from US$1282.10 an ounce in January 2019 to a high of US$1552.00/ounce in ...

Chief economist update: Second wave comes to Japan

BENJAMIN ONG  |  MONDAY, 27 JUL 2020
... midst of it. Now the second wave looks like it's come to Japan. According to Kyodo News: "Japan reported on Thursday [July 23] more than 980 new daily coronavirus infections, marking a record for a second straight day in a resurgence since the government ...

Chief economist update: BOJ takes breather on stimulus sprint

BENJAMIN ONG  |  THURSDAY, 16 JUL 2020
The Bank of Japan (BOJ) took a breather in July, keeping its monetary policy settings and asset purchases unchanged, promising that: "For the time being, the Bank will closely monitor the impact of the novel coronavirus (COVID-19) and will not hesitate ...

Chief economist update: Flattening the rebound

BENJAMIN ONG  |  WEDNESDAY, 15 JUL 2020
... and pubs, and limits on household and public gathering were suspended (some even tightened) until midnight of the 12th of July as cases of infections grew. Stage 3 restrictions were then reimposed in Metropolitan Melbourne as infections continued to ...

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
... challenges-notably, the need to keep the virus in check." Worldometer.info stats show that the virus is not in check. As at 14 July, the US still leads the world in terms of total infections (3.5 million or 26% of the world total); new cases of infections ...