Jonathan Kitchen By Nikhil Mohan, Economist, Franklin Fixed Income On a monthly basis, US headline and core Consumer Price Index (CPI) topped expectations-both rising 0.4%. The core measure has now risen at that pace for three successive months. While the pace of increase remained unchanged at 0.5% for core services (which is still more than…
da-kuk Japan’s private sector picked up growth momentum into the end of the first quarter, according to flash PMI data. This was attributed mainly to faster service sector expansion, though manufacturing output also declined at a slower rate in March. Notably, services new business grew at the quickest pace in nine months, helping to drive…
gopixa/iStock via Getty Images The UK economy continues to dodge recession, according to the flash PMI data, with growth picking up some momentum at the end of the year to suggest that GDP stagnated over the fourth quarter as a whole. The economy’s resilience, combined with a sticky inflation picture in the December PMI data,…
Pedro Truffi/iStock via Getty Images The iShares MSCI Brazil ETF (NYSEARCA:EWZ) is poised to conclude a robust year marked by substantial gains, with Brazilian equities approaching levels close to the stock market’s all-time highs (Ibovespa). This performance comes amid widespread skepticism about the policies of the new Lula administration and a macroeconomic landscape that has…
AlxeyPnferov Japan’s private sector growth ground to a halt in November according to the latest flash PMI data, which is based on about 85%-90% of total PMI survey responses each month. This was mainly attributed to a sharper fall in manufacturing output as service activity expanded at a slightly faster pace in the penultimate month…
DKosig Predicting the direction of the US or global economy has always been a humbling profession, but doing it in the post-Covid economy where monetary and fiscal activity has gone into ‘Ludicrous’ mode only makes an impossible job even harder. The latest releases of global flash PMI readings for November from S&P Global only add…
Maksim Labkouski Hopes of a soft landing for the US economy will be encouraged by an improved situation seen in October, with headline flash PMI rising to a three-month high. Future optimism also improved, in part due to hopes of interest rates having peaked, something which looks increasingly likely given a further cooling of inflationary…
Ca-ssis October’s flash PMI data revealed that Japan’s private sector economy concluded the eight-month growth streak that commenced in January 2023. This was attributed primarily to a sharper fall in manufacturing production, though services activity growth also slowed to the weakest in the year-to-date. At the same time, forward-looking indicators outlined the likelihood for further…
TERADAT SANTIVIVUT US business activity growth remained close to stalled for a second month in a row in September, according to flash PMI data compiled by S&P Global, suggesting that the pace of economic growth has weakened in the third quarter. Companies reported that demand remains under pressure from the increased cost of living and…
Brandon Bell As someone who has invested in and followed AT&T Inc. (NYSE:T) for over a decade, I have seen my fair share of false dawns. For example, many believed Randall Stephenson was the problem and him stepping down would spur the stock. Here we are, more than three years after he stepped down in…
TERADAT SANTIVIVUT US business activity growth came close to stalling in August, according to flash PMI data compiled by S&P Global. The survey shows that the service sector-led acceleration of growth in the second quarter has faded, accompanied by a further fall in factory output. Companies reported that demand is looking increasingly lethargic in the…