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  • Ashton Whiteley: Japan’s Export Growth Declines

    Ashton Whiteley: Japan’s Export Growth Declines

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    Slower growth in Japan’s exports does not spell trouble for the world’s third largest economy, according to analysts at Ashton Whiteley.

    Press Release
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    updated: Oct 20, 2017


    SHANGHAI, China, October 20, 2017 (Newswire.com)
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    According to official data released last week, Japan’s export growth pace decreased last month for the first time in three months. Analysts at Shanghai, China-based investment house Ashton Whiteley believe that this is an indication that foreign demand for goods from the Japanese economy may be lessening.

    The 14.1 percent year-on-year increase in exports was lower than the median forecast for a 14.9 percent increase and was less than an 18.1 percent increase from 2 months ago, the fastest growth in close to four years.

    Ashton Whiteley economists anticipate that Japan’s exports will begin to grow at an accelerated pace as demand for goods increases leading up to the year-end festive shopping season. They believe that the weak yen will contribute to Japan’s export competitiveness and will bolster economic growth.

    An economist at Ashton Whiteley stated that the current slowdown was more than likely a temporary issue.

    Official data gauging production activity in foreign economies revealed that the global economy is currently in an expansionary phase, supporting the notion that exports will continue to boost Japan’s economic growth.

    While data from other Asian economies reveals that demand for TVs and audio equipment remains solid, Japanese exports were affected by a decline in shipments of electronics in September.

    According to data from Japan’s finance ministry, exports in September for the world’s third largest economy also declined due to slower growth in shipments of motor vehicles and semiconductors.

    Technology manufacturing economies in Asia have benefited this year from greater global demand for components like semiconductors and electronics products.

    Contact – Market Watch Asia – 128 Chaoyang Park S Rd, Chaoyang Qu, Beijing Shi, China. media@marketwatch-asia.com

    Source: Ashton Whiteley

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  • Ashton Whiteley: British Consumer Spending Increases

    Ashton Whiteley: British Consumer Spending Increases

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    U.K. shoppers spend more on essential items as inflation rises after Brexit vote causes devaluation of the pound.

    Press Release
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    updated: Oct 12, 2017


    SHANGHAI, October 12, 2017 (Newswire.com)
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    According to recent survey published by Shanghai, China-based Ashton Whiteley, although British consumers upped their spending last month at the most rapid pace so far this year, not including an Easter spending rush in April, most of the increase was an indication of elevated prices for clothing and food after the EU referendum.

    According to the British Retail Consortium (BRC), retail sales increased by an annual 1.9 percent in September on a like-for-like basis, up from 1.6 percent in the previous month.

    The growth follows other indications that shoppers in the United Kingdom are adjusting to the increased inflation which can be largely attributed to the decreased value of the pound after the country voted for Britain to exit the European Union in June of last year.

    The Bank of England, which has indicated that it is ready to increase rates for the first time in a decade, is anticipating an increase in spending.

    The BRC stated that, although growth in total sales in September decreased marginally to 2.3 percent from 2.4 percent in August, it was still more robust than in most months so far in 2017.

    However, according to an Ashton Whiteley analyst, shoppers were not showing much confidence in their shopping choices.

    BRC Chief Executive Helen Dickinson stated that spending is still largely centered on necessary purchases like clothes and food, while consumers are hesitant to pull the trigger on items like furniture and electrical goods.

    According to Ashton Whiteley, U.K. retail outlets enjoyed their largest increase in sales in more than three years in September.

    Contact – Market Watch Asia – 128 Chaoyang Park S Rd, Chaoyang Qu, Beijing Shi, China. media@marketwatch-asia.com

    Source: Ashton Whiteley

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