Japan's household spending declined for the fourth consecutive month in March despite rising wages, the Ministry of Internal Affairs and Communications said Tuesday. Household spending declined 2.9 percent on a yearly basis in March, sharper than the 1.8 percent fall in February. Spending has been falling since December. Economists had forecast an annual decline of 1.3 percent.Data showed that tra...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.