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Factory activity in the US mid-Atlantic region slowed a tad more than expected in May, the results of a closely-followed survey revealed.
American consumers reined in their spending last month, especially on motor vehicles and parts, as well as online.
US producers prices rebounded more than expected in April after a downwardly revised fall the previous month, with the annual rate of inflation rising to its highest level in a year.
Services activity in the States shrank unexpectedly at the start of spring, marking the first contraction since December 2022.
Workers' productivity in the U. S. slowed more sharply than anticipated at the start of 2024, pushing labour costs much higher.
The number of job openings in the U. S. declined only slightly in March, but the number of so-called quits continued to retreat.
Factory sector activity in the U. S. declined unexpectedly last month, even as price pressures picked up, the results of a closely-followed survey revealed.
The cost in the U. S. of employing workers picked up modestly at the start of 2024 amid a jump in benefits.
Financial markets' attention at the end of the week would be squarely on the latest inflation data out of the States.
Economic activity in the U. S. slowed by more than anticipated at the turn of the year, while price pressures picked up.
Orders in the U. S. for goods made to last more than three years rose by slightly more than expected last month.
The Bank of England’s chief economist, Huw Pill, said on Tuesday that rate cuts were still "some way off".
The Bank of England's first interest rate cut of the current cycle remains some way off, its chief economist said.
Economic activity in the U. S. slowed last month, the results of two closely followed surveys revealed.
A top Federal Reserve official said that the central bank needs more clarity on inflation before moving on interest rates.
Israel struck a target in the central Iranian province of Isfahan, where the country's nuclear installations are located.
Manufacturing sector conditions in the U. S. mid-Atlantic region improved unexpectedly in April, the results of a closely-followed survey revealed.
The U. S. jobs market appeared to remain tight during the latest reference week.
Retail sales in the U. S. grew more than twice as quickly as expected last month amid big increases at non-store retailers and for gasoline.