The ISM services index rose 1.8 percentage points (ppts) to 58.3 in March (from 56.5 reported in February). This was just a notch lower than 58.4 expected by the median consensus estimate. Demand sub-indexes showed signs of recovery from February’s slump. The business activity sub-index was up only marginally by 0.4 ppts to 55.5 from […]
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Markets This morning, (Asian) markets were ‘unsettled’ as US president-elect Trump via his ‘Truth’ social network announced additional tariffs on Canada and Mexico (25%) as he assesses they don’t do enough to stop what he Read more…
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US Conference Board Consumer Confidence Index increased to 111.7 in November, up from 109.6 in October, though slightly below the expected 112.0. Present Situation Index, which reflects consumers’ views on current economic conditions, saw a Read more…