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The health of Japan's manufacturing economy improved for the first time in a year during May, reflecting another round of job creation, a renewed increase in pre-production inventories and broadly stable volumes of new orders and production. Elsewhere, an intensification of cost pressures urged companies to hike their output prices to a greater extent. At ...
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The main drivers behind the remarkably resilient American consumer are losing steam at the same time, suggesting a recent pullback in household demand may be more than just a one-off. Real disposable incomes have risen only modestly over the past year. The saving rate now stands at a 16-month low as households have mostly exhausted the extra pile of cash ...
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