Deutsche Bank's Binky Chadha said stocks have historically pulled back as macroeconomic growth indicators peak. He expects this to happen over the next 3 months.
Employment and new orders improved in February but rising materials prices and supply-chain delays raised concerns among respondents.
The US manufacturing industry accelerated its growth through August as factories reopened and supply chains recovered. The Institute for Supply Management’s purchasing managers’ index gained to 56 last month from 54.2, according to a Tuesday report. The expansion is the PMI’s fastest in nearly two years. Economists surveyed by Bloomberg […]
A closely watched gauge of US manufacturing improved for the third month straight in July while still grappling with weak employment activity. The Institute for Supply Management’s purchasing managers’ index climbed to 54.2 last month from 52.6, marking the industry’s fastest rate of growth since March 2019. Its employment gauge […]
The Institute for Supply Management’s manufacturing index climbed back to growth territory in June as states reopened their economies. The key industry gauge leaped 9.5 points to 52.6 last month, notching its biggest single-month increase since 1980. Economists surveyed by Bloomberg expected a reading of 49.8. New orders and production […]