The numbers: Business conditions at U.S. companies deteriorated again in November and pointed to a slowing economy. The “flash” U.S. services sector index drop to a three-month low of 46.1 Read more
Tag: Services Sector Figures
The economy is slowing — ISM service index drops to lowest level since U.S. lockdown in 2020
The numbers: An ISM barometer of business conditions at companies such as retailers and restaurants fell to 54.4% in October and touched the lowest level since the U.S. lockdowns in 2020, Read more
China Caixin services PMI falls further in October
A private gauge of China’s services-sector activity slipped further into contraction in October, reflecting the impact of stringent restrictions to curb Covid-19 outbreaks sweeping the country. The Caixin services purchasing Read more
Oil slides as China factory gauge slumps; natural-gas futures move sharply higher
Oil futures fell Monday, feeling pressure after a weak reading on China factory activity and a widening of COVID-19 curbs by the country. Previously beaten-down natural-gas futures, meanwhile, rallied by Read more
Flash PMI data show U.S. economic downturn ‘gathering significant momentum’ in October, says S&P Global
The numbers: The S&P Global U.S. manufacturing sector rose slightly to 50.7 in October from 50.6 in the prior month, based on a “flash” survey. The flash U.S. services sector Read more
Flash PMI data show U.S. economic downturn ‘gathering significant momentum’ in October, says S&P Global
The numbers: The S&P Global U.S. manufacturing sector rose slightly to 50.7 in October from 50.6 in the prior month, based on a “flash” survey. The flash U.S. services sector Read more
Economic Report: Most U.S. businesses still expanding and hiring, ISM finds
An ISM barometer of business conditions at companies such as hotels and restaurants dipped to 56.7% in September. Yet the survey also showed
“An economy struggling in a stagflationary environment”, says S&P Global on U.S. business activity
The numbers: U.S. companies said business activity perked up in September largely because of an increase in new customer orders, but high inflation and lingering supply shortages posed obstacles to Read more
“An economy struggling in a stagflationary environment”, says S&P Global on U.S. business activity
The numbers: U.S. companies said business activity perked up in September largely because of an increase in new customer orders, but high inflation and lingering supply shortages posed obstacles to Read more
Mortgage rates hit 6.29%, Freddie Mac says and rents fell in August for the first time since November 2021
Hi, MarketWatchers. Don’t miss these top stories. Rents fell in August for the first time since November 2021, but tenants are still struggling. Here’s why. Rents dropped from July to Read more
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