Everything tagged "production" across research, earnings, and macro.
3 articles
U.S. manufacturing remains in expansion, but momentum has cooled. New data show softer PMI readings, weaker factory orders, and slower industrial production, while hiring stays below growth territory and input costs remain elevated despite easing from recent highs.
U.S. manufacturing is gaining momentum, with the ISM PMI reaching a four-year high and durable goods orders jumping sharply in April. But the upbeat production data come with a catch: input prices remain elevated and hiring is still soft, keeping inflation and margin pressure in focus.
U.S. factory activity is still expanding, but the latest data show a tougher mix beneath the headline. New orders improved and durable goods demand held up, yet industrial production slipped, hiring weakened, and ISM prices paid jumped to their highest level since April 2022.
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