US Factory Orders Accelerate With a 2.2% Jump in March
(Census Bureau) The total new orders for manufactured goods in the US were $557.3 billion in March, an increase of 2.2% or $11.8 billion. The increase in factory orders in…
Euro Area Producer Prices Jump by 5.3% In March, Higher in the EU
(Eurostat) Producer prices increased by 5.3% in the euro area in March from February, and 5.4% in the EU. The producer prices had increased by 1.1% in both regions in…
UK Manufacturing Activity Crawls Back in April Amid Cost Bottlenecks
(S&P) The PMI gauging the manufacturing activity in the UK was recorded at 55.8 in April, rising from March’s five-month low of 55.2. Manufacturing output was noted to have increased…
US Manufacturing PMI Rises to a 7-Month High but Geopolitics and Costs a Concern
(S&PGlobal) The headline for the US Manufacturing PMI was 59.2 in April, an increase from 58.8 in March. The rate of growth was the quickest since September. The improvement in…
Eurozone Manufacturing Hit the Worst in More Than a Year in April
(S&P Global) Manufacturing activity in the Eurozone weakened significantly in April, with the PMI plunging to a 15-month low of 55.5 in April, compared to 56.5 in March. The Manufacturing…
US Consumer Sentiment Unexpectedly Jumps 9.8% in April
(University of Michigan) The gauge of US consumer sentiment rose 9.8% from March to hit 65.2 in April, reflecting improved expectations on prices, especially gas costs. Following the April gains,…
GDP Growth Slows Slightly in the Euro Area and EU in the First Quarter
(Eurostat) The euro area posted a 0.2% increase in GDP in the first quarter of 2022, narrower than an expansion of 0.3% in the fourth quarter of 2021. In the…
US Economy Shrinks for the First Time Since 2020 in the First Quarter
(BEA) The US gross domestic product posted an annual decline of 1.4% in the first quarter of 2022, marking the first time the economy has contracted since 2020. The current-dollar…
Sales of New Homes in the US Weaken 8.6% in March to the Lowest in 4 Months
(Census Bureau) The seasonally adjusted rate of sales of new single-family houses in the US was 763,000 in March, down by 8.6% from the previous month. The sales are at…
US Manufacturing Expands in April but Firms Remain Less Upbeat
(RichmondFed) The Fifth District manufacturing activity posted increases in April, with the index at 14, up from 13 in March. The order backlogs posted gains in April, with firms finding…
US Houses Rose the Third-Highest on Record in February
(S&P Global) The index gauging the house prices in the US for its nine census divisions rose by an annual 19.8% in February, the largest-biggest gain in the 35-year series…
Euro Area and EU Post Increases in Construction Output in February
(Eurostat) Production in construction improved by a monthly 1.9% in the euro area in February, while it also posted gains of 1.1% in the EU. The gains in construction output…
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