spending Archive

  • Comments from the President - Prescription drug prices are out of control - US subsidizes the costs of prescription drugs for other countries and it's not fair

    Trump says looking at ways to reduce government spending, welfare reform

    Comments from the President - Prescription drug prices are out of control - US subsidizes the costs of prescription drugs for other countries and it's not fair
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  • Overall electronic spending in New Zealand fell a seasonally adjusted 0.1 percent on month in September, Statistics New Zealand said on Tuesday. That was shy of expectations for an increase of 0.2 percent, and was down from the 0.6 percent gain in August. Retail credit card spending gained 0.1 percent on month, also missing forecasts for an increase of 0.7 percent. But it was unchanged following an upward revision from -0.2 percent in the previous month. Core retail spending (excluding fuel and vehicles) fell 0.2 percent in September, after added 0.1 percent in August. By industry the movements were: durables, down NZ $15 million (1.2 percent); apparel, down NZ$3.3 million (1.1 percent); hospitality, down NZ$1.9 million (0.2 percent); vehicles (excluding fuel), down NZ$0.1 million (0.1 percent); fuel, up NZ$5.2 million (0.9 percent); and consumables, up NZ$15 million (0.8 percent). Cardholders made 137 million transactions across all industries in September, with an average value ..

    New Zealand Overall Credit Card Spending Eases 0.1% In September

    Overall electronic spending in New Zealand fell a seasonally adjusted 0.1 percent on month in September, Statistics New Zealand said on Tuesday. That was shy of expectations for an increase of 0.2 percent, and was down from the 0.6 percent gain in August. Retail credit card spending gained 0.1 percent on month, also missing forecasts for an increase of 0.7 percent. But it was unchanged following an upward revision from -0.2 percent in the previous month. Core retail spending (excluding fuel and vehicles) fell 0.2 percent in September, after added 0.1 percent in August. By industry the movements were: durables, down NZ $15 million (1.2 percent); apparel, down NZ$3.3 million (1.1 percent); hospitality, down NZ$1.9 million (0.2 percent); vehicles (excluding fuel), down NZ$0.1 million (0.1 percent); fuel, up NZ$5.2 million (0.9 percent); and consumables, up NZ$15 million (0.8 percent). Cardholders made 137 million transactions across all industries in September, with an average value ..
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  • UK consumer spending declined in September, after a modest gain in the previous month, suggesting continued weakness in the economy amid high inflation, muted wage growth and political uncertainty, results of a survey by payment services provider Visa showed Monday. Consumer spending dropped 0.3 percent year-on-year following a 0.2 percent gain in August, Visa said, citing the survey based on credit, debit and prepaid card data. Spending has now dropped in four of the past five months. On a month-on-month basis, consumer spending grew 1.4 percent after a 0.4 percent drop in the previous month. IHS Markit economist Annabel Fiddes said the latest data meant that expenditure kept on course for its weakest performance for four years. "Rising living costs, muted wage growth, and ongoing uncertainties surrounding Brexit negotiations and the strength of the UK economy continue to act as drags on household spending," the economist added. "Heightened expectations that the Bank of England..

    UK Consumer Spending Falls In September Signaling Continued Weakness In Economy

    UK consumer spending declined in September, after a modest gain in the previous month, suggesting continued weakness in the economy amid high inflation, muted wage growth and political uncertainty, results of a survey by payment services provider Visa showed Monday. Consumer spending dropped 0.3 percent year-on-year following a 0.2 percent gain in August, Visa said, citing the survey based on credit, debit and prepaid card data. Spending has now dropped in four of the past five months. On a month-on-month basis, consumer spending grew 1.4 percent after a 0.4 percent drop in the previous month. IHS Markit economist Annabel Fiddes said the latest data meant that expenditure kept on course for its weakest performance for four years. "Rising living costs, muted wage growth, and ongoing uncertainties surrounding Brexit negotiations and the strength of the UK economy continue to act as drags on household spending," the economist added. "Heightened expectations that the Bank of England..
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  • British household spending soared in September, however, it was not enough to stop a year-on-year drop that reflects growing living costs, according to a survey from Visa. Household spending, adjusted for inflation and seasonal effects, increased by 1.4 percent in September after declining 0.4 percent month on month in August, the payments firm said, based on its credit and debit card data. It was the largest monthly spike since November, but overall spending in real terms remains 0.3 percent below its level from the previous year. Spending has declined year-on-year for four of the past five months, the longest series of such drops since April 2013. The positive outlook in September month-on-month reflects that of figures from the Confederation of British Industry, which posted the largest annual rise in retail sales in two years in the early part of the month. The Bank of England is trying to determine whether household spending will rebound from its weakness that was seen duri..

    Prime News: U.K. Consumer Spending Jumps in September – VISA

    British household spending soared in September, however, it was not enough to stop a year-on-year drop that reflects growing living costs, according to a survey from Visa. Household spending, adjusted for inflation and seasonal effects, increased by 1.4 percent in September after declining 0.4 percent month on month in August, the payments firm said, based on its credit and debit card data. It was the largest monthly spike since November, but overall spending in real terms remains 0.3 percent below its level from the previous year. Spending has declined year-on-year for four of the past five months, the longest series of such drops since April 2013. The positive outlook in September month-on-month reflects that of figures from the Confederation of British Industry, which posted the largest annual rise in retail sales in two years in the early part of the month. The Bank of England is trying to determine whether household spending will rebound from its weakness that was seen duri..
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  • On its face, the announcement was a head-scratcher. Honda, an automaker known for its conservative approach to expanding production globally, revealed in September that it was adding 300 new jobs in Ohio and pumping $267 million into production of the 2018 Accord midsize sedan. That's a bold move considering the headwinds the 10th-generation Accord — and all midsize sedans of its ilk — are facing. For the first nine months of 2017, the segment has contracted 15 percent vs. the same period a year earlier, to 1.4 million vehicles. Every model in the category has seen a sales decline in 2017, most by double digits. In 2016, segment sales dropped 12 percent overall. Of course, sedan sales have been slipping for years, and it's not something that's expected to stop: IHS Markit forecasts the segment will account for 1.8 million sales in 2020 and 1.72 in 2025. "I'm not sure that the sedan segment in the U.S. will ever be as large as it was 10 years ago," said Mike Ram..

    Why Honda is spending on shrinking segment

    On its face, the announcement was a head-scratcher. Honda, an automaker known for its conservative approach to expanding production globally, revealed in September that it was adding 300 new jobs in Ohio and pumping $267 million into production of the 2018 Accord midsize sedan. That's a bold move considering the headwinds the 10th-generation Accord — and all midsize sedans of its ilk — are facing. For the first nine months of 2017, the segment has contracted 15 percent vs. the same period a year earlier, to 1.4 million vehicles. Every model in the category has seen a sales decline in 2017, most by double digits. In 2016, segment sales dropped 12 percent overall. Of course, sedan sales have been slipping for years, and it's not something that's expected to stop: IHS Markit forecasts the segment will account for 1.8 million sales in 2020 and 1.72 in 2025. "I'm not sure that the sedan segment in the U.S. will ever be as large as it was 10 years ago," said Mike Ram..
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  • Info comes via Visa, based on its credit and debit card data Consumer spending (adjusted for inflation and seasonal effects) +1.4% m/m in September (was -0.4% in August)

    UK spending data up in September m/m, still down y/y

    Info comes via Visa, based on its credit and debit card data Consumer spending (adjusted for inflation and seasonal effects) +1.4% m/m in September (was -0.4% in August)
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  • Earlier: Japan election - Koike says should freeze planned sales tax hike More; - Not enough deregulation under Abenomics - Will abolish government related financial instittions

    More from the Hope Party (Japan election): Will cut spending on public works

    Earlier: Japan election - Koike says should freeze planned sales tax hike More; - Not enough deregulation under Abenomics - Will abolish government related financial instittions
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  • Real economic growth in the Organization for Economic Co-operation and Development area accelerated in the second quarter driven by private consumption and investment. Real GDP climbed 0.7 percent in the second quarter, faster than the 0.5 percent growth seen in the previous quarter. Contributions from private consumption and investment increased to 0.5 and 0.3 percentage point, respectively. Meanwhile, the contraction in net exports pulled real growth down by 0.1 percentage point. At the same time, contributions from government consumption and stock-building remained negligible. In the United States, GDP growth picked up to 0.8 percent mainly reflecting a stronger contribution from private consumption and stock-building. Japan's real growth doubled to 0.6 percent on private spending and investment. Meanwhile, growth in Germany slowed slightly, to 0.6 percent. The higher contribution from private spending and stock-building were counterbalanced by a negative contribution ..

    OECD Area GDP Growth Accelerates On Spending, Investment

    Real economic growth in the Organization for Economic Co-operation and Development area accelerated in the second quarter driven by private consumption and investment. Real GDP climbed 0.7 percent in the second quarter, faster than the 0.5 percent growth seen in the previous quarter. Contributions from private consumption and investment increased to 0.5 and 0.3 percentage point, respectively. Meanwhile, the contraction in net exports pulled real growth down by 0.1 percentage point. At the same time, contributions from government consumption and stock-building remained negligible. In the United States, GDP growth picked up to 0.8 percent mainly reflecting a stronger contribution from private consumption and stock-building. Japan's real growth doubled to 0.6 percent on private spending and investment. Meanwhile, growth in Germany slowed slightly, to 0.6 percent. The higher contribution from private spending and stock-building were counterbalanced by a negative contribution ..
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  • Japan data (the inflation data out at the same time is on a separate post) The labour market, judging by these results, is tight. But there is little sign of wage growth (not displayed in this data, from recent results) - I posted on why this may be the case yesterday:

    Japan: Overall Household Spending (August): 0.6% y/y (plus jobs data)

    Japan data (the inflation data out at the same time is on a separate post) The labour market, judging by these results, is tight. But there is little sign of wage growth (not displayed in this data, from recent results) - I posted on why this may be the case yesterday:
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  • *Japan Household Spending +0.6% On Year In August Japan Household Spending +0.6% On Year In August

    *Japan Household Spending +0.6% On Year In August

    *Japan Household Spending +0.6% On Year In August Japan Household Spending +0.6% On Year In August
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