article thumbnail

Weakening manufacturing demand clouds economic outlook: Conference Board

CFO Dive

Amid minor headwinds to economic growth, “client concerns have shifted from recession to re-acceleration,” according to analysts at Bank of America Securities.

Economics 222
article thumbnail

Retail sales exceed forecasts, underscoring solid 2024 economic growth

CFO Dive

Recent signs of vitality have prompted some economists to mark up growth forecasts, despite weakness in manufacturing and a hiring slowdown early in the summer.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Manufacturing-Sector Contracts Again in December

CFO News Room

The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index fell to 48.4 The survey suggests the manufacturing sector contracted in December (see the first chart). manufacturing sector again contracted, with the Manufacturing PMI at its lowest level since the coronavirus pandemic recovery began.

article thumbnail

Manufacturing Sector Declines in November

CFO News Room

Manufacturing output – about 74 percent of total output – posted a 0.6 From a year ago, manufacturing output is up 1.4 Manufacturing utilization fell to 78.9 Robert Hughes joined AIER in 2013 following more than 25 years in economic and financial markets research on Wall Street. Caution is warranted. Robert Hughes.

article thumbnail

October Manufacturing-Sector Survey Suggests Continued Weakening…

CFO News Room

The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index fell to 50.2 Still, the level is down sharply from the March 2021 peak, suggesting the manufacturing sector was essentially unchanged for the month (see the first chart). percent in October, slightly above the neutral 50 level.

article thumbnail

Motor Vehicle Production Boosts Manufacturing Output in October

CFO News Room

Manufacturing output – about 74 percent of total output – posted a 0.1 From a year ago, manufacturing output is up 2.4 Manufacturing utilization was unchanged at 79.5 Overall, industrial output fell in October while manufacturing output rose on a gain in motor vehicle production; many other areas were weak. Robert Hughes.

article thumbnail

India’s manufacturing ambition to drive employability and economic growth, says RBI DG Patra

CFO News

RBI Deputy Governor Michael Patra addressed India’s journey towards becoming a global manufacturing powerhouse, the role of its workforce, and the broader economic implications. "The