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%…
The US Bureau of Labor Statistics has announced that the PPI for final demand in April increased by 0.2% from the previous month, which is lower than the market’s expectation of 0.3%. The YoY increase in PPI fell from 2.7%…
The Federal Reserve Board raised the target range for the federal funds rate by 25 bps to 5% and 5.25% range on its two-day monetary policy meeting on the 3 May. This is the 10th time the Fed has raised…
Kansas City Fed survey showed that Tenth District manufacturing activity declined moderately in April, while expectations for future activity remained positive. Price indexes increased versus last month but decreased from the previous year and are not expected to change significantly…
