ISM

The rhythm of expansion in the U.S. services sector slightly decelerated in September as elevated interest rates and uncertainty related to the risk of a government shutdown weighed on private businesses. The ISM Services PMI dropped by 0.9 percentage points to 53.6 in September, matching market...

Economic activity in the U.S. private services sector maintained its expansion in July, but at a reduced rate compared to previous months, according to surveys released Thursday by S&P Global and the Institute of Supply Management (ISM). The Services PMI measured by S&P was revised by 0.1...

The U.S. economy continues to demonstrate impressive resilience, as indicated by the robust performance of the ISM Services PMI, which exceeded expectations in June. While expansion in the service sector is generally viewed as positive news by financial markets, this strong data has heightened...

The ISM Services PMI declined from 51.9 in April 2023 to 50.3 in May, well below market expectations of 52.2, but still indicating the fifth consecutive month of expansion in the service sector. Simultaneously, the final S&P Global Services PMI reading for May was...

The New York Empire State Manufacturing Index, which measures the sentiment of manufacturing executives about business conditions in the state of New York, unexpectedly plunged to negative 31.8 points in May, down from 10.8 in April and considerably below the 3.75 decline expected. ...

U.S. markets witnessed a subdued performance this week so far as data releases have been pointing towards the possibility of the economy weakening going forward. For instance, on Wednesday the Institute for Supply Management (ISM) said its non-manufacturing PMI declined to 51.2 last month from 55.1...

The increase of economic activity in the United States' services sector slowed in March, with the ISM Services Purchasing Managers' Index dropping from 55.1 to 51.2, falling short of estimates of 54.5. Eight of the 10 subindices that constitute the overall index fell during the...

Investors' expectations for the Federal Reserve's next moves are facing hours of uncertainty as a result of the events that rocked markets Monday.  OPEC+ announced voluntary production cuts of 1.16 million barrels per day, sending oil prices up 7% today, the greatest daily rise in a...

Economic activity in the manufacturing sector fell for the fifth month in a row in March, according to the latest Manufacturing Institute of Supply Management (ISM) Report On Business released Monday.  The March Manufacturing PMI came in at 46.3, the lowest since May 2020, down from 47.7...

The Past Week, In A Nutshell What Happened: Last week ended negative despite better-than-expected earnings. Remember This: “Overall market performance also tends to stall leading into an election," said Phil Mackintosh, Nasdaq Chief Economist. "Although once a result is known,...

The Last Week In A Nutshell What Happened: Last week ended positive, with broad gains in all S&P 500 sectors. Remember This: “Some data suggests consumer health has started to improve,” said Lindsey Bell, chief investment strategist at Ally Financial Inc (NYSE: ALLY)-owned Ally...

FreightWaves, a provider of media and analytics for the transportation and shipping industries has partnered with news and data solution Benzinga in producing a series of actionable, logistics-driven, economic insights. The following will look at the economic recovery following the recent COVID-19...

Key Takeaways: Pause button pressed overnight as overseas stocks retreat Several Fed speakers scheduled today S&P 500’s streak of five-consecutive days of gains looks threatened (Tuesday Market Open) After starting the week with a long bomb, the market looks ready for a lateral today....

European reopenings underpin the shared currency while civil unrest weighs on the greenback. The US ISM Non-Manufacturing PMI is foreseen at 44 in May from 41.8 in April. EUR/USD bullish despite some divergences surging in intraday charts. Economic reopenings in Europe and civil unrest in the US...

In this episode, Meteorologist Nick Austin talks about more snowfall for the western states, Market Expert Zach Strickland delivers the carrier update presented by PowerFleet, and Market Expert Seth Holm discusses ISM's November results for their Purchasing Managers Index. Image Sourced from...