The S&P Global US Manufacturing PMI fell to 49.8 in March 2025 from 52.7 in February, missing market expectations of 51.8, a preliminary estimate showed.
Manufacturing output declined after February's sharpest increase in nearly three years, with factories reporting fewer instances of output being boosted by the front-running of tariffs and new orders growth nearly stalling.
Input purchasing in the sector also slipped back into decline.
However, export sales saw their smallest decline in nine months, supported by rising orders from Canada, Germany, and other EU countries, suggesting efforts to fulfill orders ahead of tariff implementation. Additionally, employment fell for the first time since last October, amid concerns over payroll numbers and rising costs.
On the price front, input cost inflation hit a 31-month high and selling prices rose the most in 25 months. Finally, business sentiment remained among the highest seen over the past three years.
Source: Trading Economics
President Donald Trump's unprecedented and intensifying attacks on the Federal Reserve risk backfire by hitting financial markets and the economy with higher long-term borrowing costs. For weeks, he ...
Australian inflation (CPI) rose 2.8% year-on-year in July, the fastest pace since July 2024. The housing cost component jumped 3.6% year-on-year, highlighting price pressures from rents and utilities....
The U.S. Department of Commerce issued affirmative determinations of anti-dumping and countervailing duties against 10 countries on Tuesday after investigations into corrosion-resistant steel products...
U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump's tariffs may top $500 billion a year, with a substantial jump from July to August and like...
The Conference Board's measure of consumer confidence fell to 97.4 in August from 98.7 in July, compared with a larger decrease expected to a reading of 96.5 in a survey compiled by Bloomberg as of 7:...
Gold price remains steady on Wednesday, even though the Greenback recovered from earlier losses triggered by threats to the Federal Reserve's (Fed) independence. Nevertheless, Bullion sellers are not out of the woods as pressure from the White...
The S&P 500 ticked higher on Wednesday as investors turned their eyes to Nvidia earnings, which could be a make-or-break moment for the bull market. The broad market index ended the day up 0.2% at 6,481.38, setting a fresh all-time closing...
New York Federal Reserve Bank President John Williams indicated on Wednesday that interest rates could decrease at some point, but emphasized that upcoming economic data will determine if a rate cut is appropriate at the September 16-17...
The Conference Board's measure of consumer confidence fell to 97.4 in August from 98.7 in July, compared with a larger decrease expected to a...
Asia-Pacific markets mostly fell Tuesday, tracking losses on Wall Street, as investors weighed U.S. President Donald Trump's comments on...
Asia-Pacific rose Monday, tracking Wall Street gains after Federal Reserve Chair Jerome Powell signaled that the central bank could begin easing...
European markets were lower to start the new trading week Monday as investors assessed the economic outlook after hopes of a Federal Reserve...