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…
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…
