The ISM Manufacturing Index for July was 46.8, missing expectations of 48.8, June was at 48.5. U.S. manufacturing activity entered deeper into contraction. Demand was weak again, output declined, and inputs stayed generally accommodative. The New Orders Index remained in…
S&P Global US PMI Composite Output Index rose from 54.8 in June to 55.0 in July, its highest since April 2022. Output has now risen continually over the past one-and-a-half-years, with the pace of expansion having improved markedly in recent…
According to data released by the US Department of Commerce, retail sales in June stayed flat MoM, higher than expected. Core retail sales, excluding auto sales, rose 0.4% MoM, exceeding market expectations of 0.3%. Sales at gas stations and auto…
U.S. CPI rose 3.0% YoY in June, lower than market expectations of 3.1%. Excluding volatile food and energy prices, the core CPI rose 3.3% YoY, lower than the previous value of 3.4% and the expectations of 3.4%, the lowest since…
The ISM manufacturing index in June was 48.5, slightly lower than the expected 49.2 and the previous value in May of 48.7. U.S. manufacturing activity continued its contraction at the end of the second quarter. Demand was weak again, output…
The U.S. real gross domestic product (GDP) growth in the first quarter of 2024 was revised up by 0.1 ppts to an annual rate of 1.4 percent in its final estimate, the Commerce Department reported on Thursday. Personal consumption expenditure,…
Retail sales increased at a slower-than-expected pace in May as high interest rates and inflation continued to weigh on consumers. According to data released by the US Department of Commerce, retail sales in May increased by 0.1% MoM, lower than…
U.S. CPI rose 3.3% YoY in May, lower than market expectations of 3.4%. Excluding volatile food and energy prices, the core CPI rose 3.4% YoY, lower than the previous value of 3.6% and the expectations of 3.5%, the lowest since…
The business activity in the US manufacturing sector contracted at an accelerating pace in May, with the ISM Manufacturing PMI dropping to 48.7 from 49.2 in April, below the market expectation of 49.6. After seven months of contraction, the employment…
The U.S. economy grew at a lackluster 1.3% annual pace in the first three months of the year, revised figures showed, largely because of softer consumer spending that could herald a broader slowdown in the economy. The increase in gross…
