U.S. Manufacturing Index Unexpectedly Indicates Accelerated Contraction In July

RTTNews | Před 482 dny
U.S. Manufacturing Index Unexpectedly Indicates Accelerated Contraction In July

(RTTNews) - The Institute for Supply Management released a report on Thursday showed U.S. manufacturing activity unexpectedly contracted at an accelerated rate in the month of July.

The ISM said its manufacturing PMI fell to 46.8 in July from 48.5 in June, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 48.8 percent.

With the bigger than expected decrease, the manufacturing PMI dropped to its lowest level since hitting 46.6 in November 2023.

The decline by the headline index came as the new orders index slid to 47.4 in July from 49.3 in June, while the production index slumped to 45.9 in July from 48.5 in June.

"Demand remains subdued, as companies show an unwillingness to invest in capital and inventory due to current federal monetary policy and other conditions," said Timothy R. Fiore, Chair of the ISM Manufacturing Business Survey Committee.

He added, "Production execution was down compared to June, likely adding to revenue declines, putting additional pressure on profitability."

The report said the employment index also tumbled to 43.4 in July from 49.3 in June, indicating an accelerated contraction in employment in the manufacturing sector.

Meanwhile, the ISM said the prices index inched up to 52.9 in July from 52.1 in June, suggesting prices increased at a slightly faster rate.

The ISM is scheduled to release a separate report next Monday on service sector activity in the month of July. The services PMI is expected to rise to 51.0 in July from 48.8 in June, with a reading above 50 indicating growth.

Značky : USD
read more
U.S. Business Inventories Unexpectedly Unchanged In August

U.S. Business Inventories Unexpectedly Unchanged In August

Business inventories in the U.S. unexpectedly came in flat in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said business inventories were virtually unchanged in August following a downwardly revised 0.1 percent uptick in July.
RTTNews | Před 21 h 6 min
U.S. Consumer Confidence Deteriorates Much More Than Expected In November

U.S. Consumer Confidence Deteriorates Much More Than Expected In November

A report released by the Conference Board on Tuesday showed a substantial deterioration by U.S. consumer confidence in the month of November. The Conference Board said is consumer confidence index tumbled to 88.7 in November from an upwardly revised 95.5 in October. Economists had expected the consumer confidence index to dip to 93.3 from the 94.6 originally reported for the previous month.
RTTNews | Před 21 h 17 min
U.S. Pending Home Sales Unexpectedly Surge To 11-Month High In October

U.S. Pending Home Sales Unexpectedly Surge To 11-Month High In October

The National Association of Realtors released a report on Tuesday showing an unexpected jump by pending home sales in the U.S. in the month of October. October said its pending home sales index shot up by 1.9 percent to 76.3 in October after inching up by 0.1 percent to an upwardly revised 74.9 in September. Economists had expected pending home sales to decrease by 0.4 percent.
RTTNews | Před 21 h 36 min
U.S. Producer Price Growth Matches Estimates In September

U.S. Producer Price Growth Matches Estimates In September

A long-delayed report released by the Labor Department on Tuesday showed producer prices in the U.S. increased in line with economist estimates in the month of September. The Labor Department said its producer price index for final demand rose by 0.3 percent in September after edging down by 0.1 percent in August. The monthly price growth matched expectations.
RTTNews | Před 21 h 39 min
U.S. Retail Sales Rise 0.2% In September, Less Than Expected

U.S. Retail Sales Rise 0.2% In September, Less Than Expected

Retail sales in the U.S. increased by less than expected in the month of September, according to a long-delayed reported released by the Commerce Department on Tuesday. The Commerce Department said retail sales rose by 0.2 percent in September after climbing by 0.6 percent in August. Economists had expected retail sales to rise by 0.4 percent.
RTTNews | Před 21 h 56 min
U.S. Wholesale Inventories Unexpectedly Flat In August

U.S. Wholesale Inventories Unexpectedly Flat In August

With an uptick in inventories of durable goods offset by a dip in inventories of non-durable goods, the Commerce Department released a report showing U.S. wholesale inventories came in roughly flat in the month of August. The report said wholesale inventories were virtually unchanged in August after inching up by 0.1 percent in July.
RTTNews | Před 4 dny