Latest News Updates From Vince Golle

A U.S. services gauge unexpectedly shrank at the end of 2022, with steep declines in measures of business activity and orders that, if sustained, risk heightening concerns about the demand outlook.

U.S. factory output rose in October by less than expected after downward revisions to prior months, suggesting manufacturing is losing some steam as domestic and global demand moderates.

U.S. business activity contracted in October for a fourth consecutive month as concerns about inflation and sluggish demand weighed on the outlook.

U.S. business activity contracted in September for a third straight month, though at a more moderate pace as a pickup in orders and a further softening of inflation allayed concerns of a more-pronounced pullback.

U.S. factory production rose slightly in August as resilient business investment more than offset a pullback in the output of consumer goods, consistent with steady manufacturing activity.

Production at U.S. factories increased in July for the first time in three months, propelled by a pickup in motor vehicle output that masked more mixed results in other categories.

Production at U.S. factories declined in June for a second month, restrained by higher inventories and a softer economic outlook.

U.S. factory production rose in March by more than forecast, marking the third straight month of gains that show steady progress for manufacturers against a backdrop of gradually improving supply chains.

Growth in U.S. business activity cooled to a still-solid pace in early December, while cost pressures intensified for service providers and eased somewhat for manufacturers.

Growth in U.S. business activity softened this month as service providers and manufacturers remained constrained by higher inflation, supply shortages and hiring difficulties.