US manufacturing activity contracts in May to 4-year low: ISMLeah Schnurr
WASHINGTON (Reuters) - U.S. manufacturing activity slumped to a 15-month low in October and factories faced higher prices for inputs. The Institute for Supply Management (ISM) said on Friday its manufacturing PMI fell to 46.5 last month, the lowest level since July 2023, from 47.2 in Septe...
The Institute for Supply Management said its index of national factory activity rose half a percentage point to a reading of 51.3 last month. The hike in the index largely reflected a jump in prices paid by factories for raw materials. A reading above 50 indicates expansion in manufacturing, w...
“Manufacturing rebounded strongly with fewer restrictions on economic activity and stimulus efforts but the path forward will be more difficult as the economy continues to cope wit the pandemic,” said Gus Faucher, chief economist at PNC Financial. “An inability of Congress to pass further fis...
This is a change of 1.86% from last month and 4.67% from one year ago. The Purchasing Managers Index is a diffusion index summarizing economic activity in the manufacturing sector in the US. The index is based on a survey of manufacturing supply executives conducted by the Institute of ...
Market Activity Last updated: Dec 23, 2024, 6:51 PM ET Source: QuoteMedia Time Range 1D 5D 1M 3M 6M 1Y 3Y 5Y 10Y 15Y 20Y Visit Index NASDAQ Composite ^COMPX:US19,764.89192.288 (0.982%) Market Movers Last updated: Dec 23, 2024, 6:51 PM ET Source: QuoteMedia NYSE NYSE American ...
We predict the rise in manufacturing construction activity to continue to increase investments in M&E and IP. Overall, our forecast shows M&E investments rising 5.1% in 2025 and 5.4% in 2026. This type of spending has seen a strong upward trend over time, and we expect that strong trend ...
The Institute for Supply Management, a trade group of purchasing managers, said that its measure of factory activity jumped to 64.7 last month, from 60.8 the previous month. That’s the highest since December 1983. Some of the gain may reflect a bounce-back from February, when harsh winter ...
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After the global financial crisis in 2008, the US government introduced a large-scale non-performing asset assistance bill that provided significant government loan assistance to the US steel and automobile manufacturing sectors. Since Donald Trump took office in 2017, the US government introduced a ...