China’s official purchasing managers’ index slipped to 52.2 in February from 52.9 in January, suggesting manufacturing activity on the mainland continued to soften, even as inflationary pressures mounted. The data, released by the China Federation of Logistics & Purchasing, marked…
China’s official purchasing managers’ index slipped to 52.2 in February from 52.9 in January, suggesting manufacturing activity on the mainland continued to soften, even as inflationary pressures mounted. The data, released by the China Federation of Logistics & Purchasing, marked the 24th straight month that the PMI remained above the all-important level of 50, which separates expansion from contraction, according to a Reuters report. The release also showed that a subindex for input prices rose to 70.1 in February from 69.3 in the previous month, suggesting a continued increase in raw-material prices at factories
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The data from the Philadelphia Federal Reserve, or the Philly Fed, has been released. The business index reached a level of 12.5, up from 10.2 in February and against a Dow Jones target of…
ThinkstockThe price of bacon in the United States rose 13% in February, according to a report from the U.S. Department of Agriculture (USDA). The agency said that the supply of hogs was “ample,” but…
The Institute for Supply Management has released its manufacturing report for February. The purchasing managers index report showed that manufacturing expanded at a slower rate.
Economic slowdowns rarely arrive with a flashing warning sign. More often, they show up in obscure data releases, weaker spending patterns, and subtle shifts in consumer behavior long before the headlines catch up. That’s…
For those who were hoping for 4% growth in gross domestic product to continue late in 2018 and into 2019, the first economic release of 2019 might continue to temper expectations.
