U.S. Service Sector Expands at a Slower Pace as Work Backlogs Surge
(IHS Markit) The U.S. service sector expansion slowed to a PMI of 54.9 in September, a drop compared to 55.1 in August. Fig: U.S. Service PMI Business Activity Index September…
(IHS Markit) The U.S. service sector expansion slowed to a PMI of 54.9 in September, a drop compared to 55.1 in August. Fig: U.S. Service PMI Business Activity Index September…
(BEA) The international trade in goods and services deficit in the US came at $73.3 billion in August, an increase of 4.2% or $2.9 billion from July. The increase in…
(Bloomberg) China has ordered its financial institutions to increase lending to the energy sector firms to ease the power shortage this winter. The China Banking and Insurance Regulatory Commission says…
(IHS Markit) UK Services Business Activity Index was 55.4 in September, a slight recovery from a six-month low of 55.0 in August. Despite the recoveries in the UK service sector,…
(Statistics Bureau of Japan) Consumer prices surged by 0.5% in the Ku-area of Tokyo to reach an index of 100.1 in September from August. The index was up 0.3% year…
(IHS Markit) Eurozone Composite Output Index was 56.2 in September, a further fall from 59.0 in August and a 15-year record high in July. At an output index of 56.2,…
(Census Bureau) US orders for manufactured goods rose by 1.2% or $6.2 billion in August to reach $515.7 billion. The increase was higher than a jump of 0.7% in July.…
(BoE) The Bank of England boosted the reserve balances on the balance sheet to a record of almost 900 billion pounds following the asset purchase program launched in March 2019…
(University of Michigan) US Consumer Sentiment Index in late September was 72.8, a 3.6% increase from August. On a year-over-year basis, the consumer sentiment was still down 9.5%. The Current…
(IHS Markit) US posted a manufacturing PMI of 60.7 in September, a five-month low, and below 61.1 in August as material and labor shortages constrained activity. Fig: US Manufacturing PMI…
(BEA) Personal incomes in the US increased by $35.5 billion or 0.2% in August, reflecting rising staff compensation and social benefits by the government. Disposable personal income rose by 0.1%,…
(Eurostat) Annual inflation in the euro area is projected to have jumped by 3.4% in September, up from 3.0% in August. Inflation is the highest since September 2008, driven by…