USA The S&P Global Flash Composite PMI fell 1.3 points in June to a 3-month low of 53.0 but continued to signal a solid expansion in private sector activity. Output and new orders continued to expand, albeit at a slower pace than in the prior month. Growth in private sector headcounts was the softest since January, [...]
USA The Consumer Price Index edged up a consensus-matching 0.1% in May. Prices in the energy segment dropped 3.6% on declines for fuel oil (-7.7%), gasoline (-5.6%), and utility gas services (-2.6%). The cost of food, meanwhile, advanced 0.2%. The core CPI, which excludes food and energy, rose 0.4% in line with the median economist forecast. [...]
USA The ISM non-manufacturing PMI fell to its lowest level since December 2022 but managed to keep a toe in expansion territory (from 51.9 to 50.3). Growth in business activity decelerated (from 52.0 to 51.5) while new orders lost momentum (from 56.1 to 52.9). New export orders, for their part, recorded a small decrease, falling 1.9 [...]
USA Nonfarm payrolls rose 339K in May, a lot more than the median economist forecast calling for a +195K print. This positive surprise was compounded by a +93K cumulative revision to the previous months’ data. Employment in the goods sector advanced 26K in the month, as a 25K gain in the construction segment was only partially [...]
