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Economist Perspective: Global Interest Rate Divergence
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Construction spending during May 2023 was estimated at a seasonally adjusted annual rate of $1,925.6 billion, 0.9% above the revised April estimate of $1,909.0 billion, according ...
Economic activity in the manufacturing sector contracted in June for the eighth consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: "The June Manufacturing PMI® registered 46 percent, 0.9 percentage point lower than the 46.9 percent recorded in May. Regarding the overall economy, this figure indicates a seventh month of contraction after a 30-month period of expansion. The New Orders Index remained in contraction territory at 45.6 percent, 3 percentage points higher than the figure of 42.6 percent recorded in May. The Production Index reading of 46.7 percent is a 4.4-percentage point decrease compared to May's figure of 51.1 percent. The Prices Index registered 41.8 percent, down 2.4 percentage points compared to the May figure of 44.2 percent. The Backlog of Orders Index r post at 10:01am: *US JUNE ISM FACTORY INDEX FALLS TO 46, LOWEST SINCE MAY 2020 - BBG *US ISM PRODUCTION INDEX DROPS TO LOWEST SINCE MAY 2020 *US JUNE ISM PRICES-PAID INDEX DECLINES TO 41.8 FROM 44.2 *US ISM MANUFACTURING PRICES-PAID INDEX LOWEST THIS YEAR
The dollar is recovering from the month-end losses seen at the end of last week. Only the New Zealand dollar among the G10 currencies is holding its own. Japanese reports indicate ...
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The European Central Bank’s historic series of interest-rate increases isn’t finished yet as upside risks to the inflation outlook predominate, Governing Council member Joachim ...
How much progress has been made in quantitative tightening since the Fed started, in June last year, to reduce its reserve holdings of US treasuries and agency mortgage-backed ...
The ISM manufacturing index indicates that the sector is in recession, with few signs of a turn any time soon. Construction is doing better, but higher interest rates will bite. ...
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- Posted: Jul 3, 2023 10:35am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,054