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Tariffs Weigh On US Manufacturing: February Prices Grow At Fastest Pace Since 2022
Monday, March 3, 2025 - 11:36am | 461The U.S. manufacturing sector expanded for the second consecutive month in February 2025, following 26 months of contraction. However, the effects of newly imposed tariffs were felt throughout the industry. The Details: According to the Institute for Supply Management, February's ...
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Services Sector Activity Expands More Than Expected In August, But Employment Growth Softens
Thursday, September 5, 2024 - 10:19am | 438The 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...
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VIX Spikes 8% As Stocks Sink; Bonds, Gold Rise On Growth Concerns; Meme Stocks Roar, Peso Plummets: What's Driving Markets Monday?
Monday, June 3, 2024 - 1:32pm | 994All 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...
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Manufacturing Sector Tops Estimates In January As New Orders Climb, Prices Rise: Why It's Bad News For Inflation
Thursday, February 1, 2024 - 12:04pm | 701The U.S. manufacturing sector showed signs of resurgence in January, buoyed by a significant increase in new orders, potentially marking the end of a prolonged contraction phase. Data published Thursday highlighted an upward revision in the final reading of the S&P Global US Manufacturing PMI...
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US Manufacturing PMI Tops Expectations In September, Hits 10-Month Peak
Monday, October 2, 2023 - 11:08am | 589U.S. manufacturing activity rebounded unexpectedly in September, suggesting the sector may be emerging from a prolonged slump. The ISM Manufacturing PMI surged to 49, surpassing expectations (47.8) and reaching its highest level since November 2022, but still indicating a slight contraction for the...