Economy News

Economy

US Services Sector Sees Growth in February: ISM Report Highlights Positive Trends

The US service sector showed signs of improvement in February, with the Services PMI rising to 53.5%, surpassing expectations. Key indexes, including New Orders and Employment, saw...

Economy

February Sees a Surprising Uptick in US Private Payrolls: ADP Report Reveals

The ADP National Employment Report revealed a 77,000 increase in US private payrolls in February, missing analysts' expectations. The report highlighted sector-wise job additions, ...

Economy

US Crude Oil Inventories Surge by 3.6 Million Barrels, Refinery Inputs Decline

The Energy Information Administration reported a 3.6 million barrel increase in US commercial crude oil inventories, reaching 433.8 million barrels. Refinery inputs decreased, whil...

Economy

BoE Governor Bailey Suggests Diminished Risk of Second-Round Inflation Effects Amid Economic Slowdown

Bank of England Governor Andrew Bailey discusses the reduced likelihood of second-round inflation effects due to the UK's economic slowdown, attributing inflation to energy and foo...

Economy

US Manufacturing Sector Sees a Surge: Factory Orders Jump 1.7% in January

US factory orders saw a significant increase of 1.7% in January, reaching $589.9 billion. This growth, in line with analysts' expectations, suggests a positive trend in the manufac...

Economy

US Services Sector Sees Accelerated Growth in February, Surpassing Expectations

The US service sector showed improved activity in February, with the Services PMI rising to 53.5%, surpassing expectations. Key indexes like New Orders and Employment saw increases...

Economy

February Sees a Dip in US Composite PMI: A Closer Look at Economic Slowdown Signs

The US PMI Composite Output Index fell to 51.6 in February, indicating a slowdown in both the services and manufacturing sectors. The Services PMI Business Activity Index also show...

Economy

Surge in US Mortgage Applications: A 20.4% Jump Signals Spring Homebuying Season

US mortgage applications surged by 20.4% last week, driven by lower interest rates and a strong start to the spring homebuying season, according to the Mortgage Bankers Association...