The S&P Global Flash US PMI Composite Output Index rose sharply from 51.3 in April to 54.4 in May, its highest since April 2022. Output has now risen continually for 16 consecutive months, with May’s acceleration contrasting with the slowdown…
US April CPI rose 0.3%, mainly due to higher oil prices and housing costs, below the expected 0.4%. The upward trend showed a slight slowdown after advancing 0.4% in the previous two months. Stripping out food and energy, the core…
Nonfarm Payrolls grew by 175,000 in April, sharply down from the 315,000 increase seen a month earlier and the lowest level since October. The figure came below market expectations of a 243,000 increase. The reading in March got revised higher…
The ISM Manufacturing Index for April was 49.2, missing expectations of 50, March was at 50.3. The ISM Manufacturing Index came back into contraction in April due to the lower demand, but the price index was at a record high…
US business activity continued to increase in April, but the rate of expansion slowed amid signs of weaker demand. US PMI Composite Output Index dropped to 50.9 in April from 52.1 in March, lower than the expectation of 52.0. Slower…
According to data released by the US Department of Commerce, retail sales in March increased by 0.7% MoM, higher than expected. Core retail sales, excluding auto sales, rose 1.1% MoM, exceeding market expectations of 0.4%, the largest increase in 14…
U.S. CPI rose 3.5% YoY in March, higher than market expectations of 3.4%. Excluding volatile food and energy prices, the core CPI rose 3.8% YoY, compared to the previous value of 3.8% and the expectations of 3.7%, still the lowest…
The U.S. ISM Manufacturing Index for March was 50.3, significantly better than the expectation of 48.3, and the previous value in February of 47.8, which marked the first time since September 2022 that it returned to the expansion territory. The…
The number of existing home sales in the United States increased by 9.5% MoM to 4.38 million units in February, hitting a new high in one year, compared to the expectation of 3.95 million units and the previous value of…
The Mortgage Bankers Association (MBA) of the United States reported that for the week ended May 12, the 30-year fixed mortgage loan interest rate increased from 6.48 bps to 6.57 bps. As a result, mortgage loan applications decreased by 5.7%…
