ISM

The U.S. services sector experienced an unexpected slowdown in its growth momentum last month as respondents expressed caution regarding the economic impact of recent elections and impending tariffs. The Services Purchasing Managers Index released Wednesday fell to 52.1% in November, down from a...

The U.S. manufacturing sector showed signs of improvement in November, yet it failed to avoid another month of contractionary conditions. The Manufacturing Purchasing Managers’ Index (PMI) rose from October’s 46.5% to 48.4% in November, exceeding analyst expectations of 47.5%, as...

The U.S. services sector posted a stronger-than-expected expansion last month, easing concerns about a potential economic slowdown affecting the country’s largest economic sector. The Services Purchasing Managers’ Index (PMI) barometer rose from 51.4% to 51.5%, outpacing expectations of...

The U.S. manufacturing barometer continued its contractionary trend for the fifth consecutive month in August, though the pace of decline eased slightly compared to July, according to surveys from the Institute for Supply Management (ISM). August marks the 21st month of contraction in the U.S....

Business sentiment in the U.S. services sector returned to expansion in July, after plummeting in June at the fastest pace since May 2020 and potentially quelling recent market concerns on an ongoing recession for the world’s largest economy. The ISM Services Purchasing Managers’ Index...

The U.S. manufacturing barometer declined more than anticipated in July, marking the fourth consecutive month of contraction in the sector and the worst one since December 2023, according to the Institute for Supply Management (ISM). The struggles in the manufacturing sector continued to contrast...

The U.S. labor market doesn’t appear as tight and hot as a couple of months ago, with the June’s Employment Situation report likely to show an overall cooling trend from a very strong performance in May. Slated for release Friday at 8:30 a.m. ET, the official jobs report from the...

Business sentiment in the U.S. services sector plummeted in June, missing economic estimates by a wide margin and indicating that the pace of economic growth slowed down markedly at the end of last quarter. The Purchasing Managers’ Index for the services sector, as measured by the Institute...

Business conditions in the U.S. manufacturing sector deteriorated more than anticipated in June, marking the third consecutive month of contraction, according to the Institute of Supply Management’s Purchasing Managers’ Index. The pace of contraction in June was the fastest in four...

The U.S. stock market’s Wednesday session is a historic one, as both the S&P 500 and the Nasdaq 100 indices closed at record high levels, driven by increased investor confidence in artificial intelligence-driven growth expanding from the tech sector to the broader market. The S&P 500...

The sentiment in the U.S. service sector sharply expanded in May, far more than expected and reversing the decline that began in April. What Happened: After 15 straight months of expansion, business morale gauging the services sector activity temporarily entered into contraction in April, but...

All major U.S. equity indices opened the week with losses, as traders shifted to safe-haven bonds and gold amid concerns affecting the health of the U.S. manufacturing activity. In May, the ISM Manufacturing PMI dropped to 48.7, marking a faster-than-expected contraction. This follows a bleak...

The U.S. manufacturing activity barometer contracted more than expected in May, leading to a sharp retreat in Treasury yields at the start of the week. After falling back into contraction in April, manufacturing activity continued to decline for the second consecutive month, according to the...

March kicked off on a high note on Wall Street Friday, with both the S&P 500 and Nasdaq 100 indices soaring to unprecedented heights, fueled by the unstoppable surge of tech stocks. Despite the sharper-than-expected contraction revealed by the ISM Manufacturing PMI in February – with the...

The Surprise Higher For Longer Issue The Federal Reserve surprised the market by leaving the fed funds rate unchanged and indicating its not inclined to lower at the next meeting in March. The market was disappointed, but a better-than-expected manufacturing index with higher-than-expected pricing...