The S&P Global US Services PMI rose to 54.3 in March 2025, a three-month high, from 51 in February, surpassing market expectations of 50.8, preliminary data showed. Service sector output rebounded strongly after hitting a 15-month low in February, driven by improved business inflows, strengthening customer demand, and better weather conditions.
However, exports remained a weak spot, declining for the third straight month. Employment edged up in April, reversing February's small decline, though job growth remained sluggish as firms hesitated to hire amid demand uncertainty. Input costs surged to an 18-month high, while selling prices saw a modest uptick, as businesses kept prices competitive in a weak demand environment.
Meanwhile, service sector confidence declined for the third consecutive month, hitting its second-lowest level since October 2022. Businesses cited concerns over the impact of federal spending cuts, tariffs, and broader policy changes on demand and financial markets.
Source: Trading Economics
The United States ordered a blockade of Venezuelan oil tankers because the Trump administration believes President Nicolás Maduro's regime is acting detrimentally to the United States and the world. T...
Treasury Secretary Scott Bessent expects a substantial drop in inflation during the first six months of 2026, according to statements made Tuesday on Fox Business. Bessent indicated that an announcem...
US retail sales were little changed in October as a decline at auto dealers and weaker gasoline receipts offset stronger spending in other categories. The value of retail purchases, not adjusted...
US job growth remained sluggish in November and the unemployment rate rose to a four-year high, pointing to a continued cooling in the labor market after a weak October. Nonfarm payrolls increas...
Nonfarm Payrolls (NFP) in the United States rose by 64,000 in November, according to a report from the U.S. Bureau of Labor Statistics (BLS) on Tuesday. This figure was better than market expectations...
Oil prices rose slightly on Thursday (December 18th) as investors assessed the possibility of further US sanctions on Russia and the supply risks posed by the blockade of Venezuelan oil tankers. Brent crude rose 32 cents, or 0.54%, to $60 a barrel...
1) US vs. Venezuela: "Tanker Blockade" Immediately Tenses Markets The US under President Donald Trump has increased pressure on Venezuela by ordering a blockade of sanctioned oil tankers (entering and leaving Venezuela). This has raised concerns...
Gold prices slip as investors focus on rising geopolitical tensions in Venezuela and await upcoming U.S. inflation data that could shape the Fed's next policy move. Futures in New York fall 0.4% to $4,356.50 a troy ounce in early trading, with...
New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week leaves it in a good position to...
Stocks rose Monday led by a broad array of names as traders bet data set for release this week will point to tame inflation and strong economic...
Stocks fell slightly on Tuesday as traders digested the delayed release of the November's jobs report.
The S&P 500 fell 0.1%, while the Nasdaq...
Nonfarm Payrolls (NFP) in the United States rose by 64,000 in November, according to a report from the U.S. Bureau of Labor Statistics (BLS) on...