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US manufacturing growth expands solidly despite renewed fall in employment and waning optimism
The performance of the US manufacturing economy improved again in June, though the pace of growth eased to a three-month low. Both output and new orders rose at slower, but still historically elevated, rates. Growth was commonly linked to new product launches, alongside some reports of pre-orders placed to protect against rising prices. Higher raw material costs drove another steep rise in input costs, albeit one that was softer than May’s recent high. Selling price inflation also eased, falling to a three-month low. Employment remained a weak point at the end of the second quarter. Job shedding was the fastest ... (full story)
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Economic activity in the manufacturing sector expanded in June for the sixth consecutive month, say the nation's supply executives in the latest ISM® Manufacturing PMI® Report. The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee. "The Manufacturing PMI® registered ...
Germany's manufacturing sector ended the second quarter with a modest rise in output that was supported by a slight uptick in demand, the latest PMI® survey data showed. Firms were also a little more optimistic about the outlook, although expectations were still subdued by historical standards. Goods producers in the eurozone's largest economy continued to ...
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