U.S. Economy Sees ‘Remarkable Drop’ in Demand for Goods and Services as Recession Looms
The economy is on a path to contracting in the third quarter, according to the chief business economist at SP Global Market Intelligence.
PMI
Surging Costs And Shortages Slow Manufacturing Growth in May
The S&P Global Manufacturing PMI comes in lower than expected as inflation drags down optimism and shortages weigh on production.
It’s Getting Even Worse: Inflationary Pressures Strengthened at U.S. Factories in April
Prices paid for factory inputs rose substantially in April and at the fastest rate so far this year, the S&P Global U.S. Manufacturing purchasing managers index survey showed.
Record High Bidenflation is Hurting Growth, Consumer Spending, and Business Confidence, S&P Finds
Inflationary pressures soared in April for both manufacturers and services sector businesses, hurting business confidence and the willingness of consumers to spend.
Bidenflation: Services Sector Prices Soar at ‘Unprecedented’ Rate
New orders and activity surged higher in March, pushing prices up at record pace.
U.S. Economy Slows to ‘Near Standstill’ as Omicron, Supply Chain Delays, and Inflation Surge
Inflation, supply chain disruptions, quarantines, and soaring virus cases have brought the U.S. economy to a near standstill at the start of the year.
U.S. Manufacturing Slumps to Weakest Since 2020 as Shortages Hit Production and Delays Depress Orders
Demand fell as customers worked through inventory backlogs. Shortages continue to hinder the ability of manufacturers to produce finished goods.
Inflation Nation: Businesses Say Prices Rising at ‘Unprecedented Rate’
There are signs that the economy is at risk of overheating as demand outraces supply that to Biden’s huge deficit spending bill.
U.S. Economy Gains Steam as Service Sector Revives and Factories Boom
The strength of the U.S. economy as it reopens may become a stumbling block for the Biden administration’s big spending plans—which were partially based on the idea that the economy would need government aid to continue to grow.
U.S. Economic Recovery Continues at Solid Pace While Japan and Europe Stumble
The re-impositions of lockdowns and pandemic restrictions has slowed growth outside of the U.S.
Manufacturing Recovery Was Much Stronger Than Expected in June
The monthly manufacturing survey’s results show a bigger than expected rebound, pushing the purchasing manager index up at a pace not seen since 1980.
Coronavirus Drag on U.S. Economy Appears Bigger Than Expected
A dismal result from a survey of U.S. businesses indicates a slump in the service sector due to the coronavirus outbreak.
U.S. Business Activity Accelerated in January
U.S. companies are adding workers as optimism rises. The service sector is growing rapidly while manufacturing growth still lags.
U.S. Manufacturing Recovery Continued in December
U.S. factories reported that new business kept rising in December, driving them to hire new workers
American Manufacturing Sector Rebounds to 5-month High
An economic “ray of light” shines forth from American factories after several months of gloom.
