Tag Archives: US Economy

Democrats and Republicans in the United States Congress are strongly disagreeing about the details of a new economic stimulus package. The Democrats are proposing around $3 trillion in funding, while Republicans do not to spend around $1 trillion. According to the Speaker of the House, Nancy Pelosi, the two parties …

The Producer Price Index (PPI) in the United States recorded its highest monthly increase since October 2018, rising by 0.6% in July, data showed on Tuesday. The reading comes as double the expectations of a recent Reuters poll, and after the index declined by 0.2% in June. On an annual …

Job openings in the United States rose in June more than expected, as shown by data released on Monday. The new job openings increased to 5.89 million in June, from a revised 5.37 million in May, as per daya by the U.S. Department of Labor’s Job Openings and Labor Turnover …

Wholesale inventories in the United States declined by 1.4% in June, according to data by the U.S. Department of Commerce on Friday. Wholesale inventories were expected to decline by 2%, according to initial estimates after falling by 1.2% in May. Moreover, goods imports saw their biggest increase in more than …

The seasonally adjusted final IHS Markit US Services PMI Business Activity Index registered a neutral 50 in July, up from 47.9 in June. This is the third monthly rise in a row for the index, and it market the end of five months of contraction, or registering readings below the …

Purchasing managers’ indices (PMIs) in the United States showed a mostly positive performance during the month of July, according to data by IHS Markit. Four out of seven sectors expanded in activity in July, while the others showed slower rates of decline compared with June, reflecting the uneven impact of …

Factory orders in the United States increased by 6.2% during June, data by the US Department of Commerce showed on Tuesday. The rise in factory orders last month came in higher that initially expected, largely thanks to an 86.2% rise in motor vehicle and parts orders. In addition, transportation equipment …

July saw an improvement in operating conditions of the manufacturing sector in the United States, the first since February due to the COVID-19 outbreak. Although growth was marginal, it stemmed from the first upturns in output and new orders for five months, as client demand picked up. The seasonally adjusted …

Manufacturing activity in the United States expanded during July, as shown by the Institute for Supply Management’s (ISM) data on Monday. The ISM industrial activity index registered 54.2 in July, compared with 52.6 in June. This is the best reading for the index since March 2019.

The United States economy saw its worst quarter on record, after the gross domestic product (GDP) contracted by around 33% during the second quarter (Q2) of 2020, due to the COVID-19 pandemic. Preliminary data by the US Department of Commerce showed that GDP declined by 32.9% on an annual basis. …