-
US Manufacturing Contraction Spreads as Slump Stretches into Eighth Month
From wellsfargo.bluematrix.com
In the absence of hard data during the government shutdown, we can turn to purchasing managers to put a finger on the pulse of the underlying dynamics impacting businesses in the current environment. As a reminder the shutdown began on October 1, and the manufacturing ISM was released this morning and the service sector ISM report is due out on Wednesday—both measure economic activity during the month of October. The ISM manufacturing index slipped 0.4 points to 48.7 and has now been consistent with contraction for eight straight months (chart).The manufacturing sector remains under pressure with demand still weak, ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From cointelegraph.com|Nov 3, 2025Blockchain payments company Ripple expanded its services to include digital asset spot prime brokerage for US markets, about seven months after announcing plans to acquire Hidden ...
From think.ing.com|Nov 3, 2025Suddenly, a Bank of England rate cut on 6 November doesn’t look like such a remote possibility. Having virtually written it off, markets are now pricing a 25% chance of a 25bp ...
From @financialjuice|Nov 3, 2025BoC's Gov. Macklem: American companies largely paying for US tariffs. BoC's Gov. Macklem: Monetary policy providing some stimulus.
-
- Newer Stories
From cbsnews.com|Nov 3, 2025President Trump told 60 Minutes in a wide-ranging interview that he doesn't know the billionaire cryptocurrency exchange founder who he recently pardoned. Mr. Trump pardoned ...
From cnbc.com|Nov 3, 2025Ether fell as much as 9% on Monday, slipping below its critical $3,600 support level, shortly after a multimillion dollar hack affected a protocol on the token’s native network. ...
From thestreet.com|Nov 3, 2025The crypto market saw a sharp correction on Nov. 3 after Federal Reserve official Austan Goolsbee said his threshold for cutting in December is higher than at previous meetings, ...
