By Xavier Fontdegloria The U.S. manufacturing sector contracted in December at the steepest pace since the onset of the Covid-19 pandemic as demand remained subdued and production weakened, data from Read more
Tag: contraction
Chicago factory activity falls deeper into contraction territory in November
The Chicago Business Barometer, also known as the Chicago PMI, plummeted to 37.2 in November from 45.2 in the prior month. This is the lowest level since the pandemic hit in early 2020. Read more
China Caixin manufacturing PMI points to third straight month of contraction
A private gauge of activity in China’s manufacturing sector remained in contractionary territory in October, as Covid-19 containment measures weighed on both output and demand. The China Caixin manufacturing purchasing Read more
Eurozone flash PMIs point to GDP contraction in 3Q
The Eurozone economic downturn deepened in September with business activity contracting for a third consecutive month, S&P Global said. The eurozone composite purchasing managers index fell to 48.2 in September Read more
Eurozone flash PMIs point to GDP contraction in 3Q
The Eurozone economic downturn deepened in September with business activity contracting for a third consecutive month, S&P Global said. The eurozone composite purchasing managers index fell to 48.2 in September Read more
New York Empire State factory gauge plunges in August deep into contraction territory
The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, plummeted 42.4 points to negative 31.3 in August, the regional Fed Read more
New York Empire State factory gauge plunges in August deep into contraction territory
The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, plummeted 42.4 points to negative 31.3 in August, the regional Fed Read more