Wholesale Inflation Jumps to Highest Level in Three Years - but the News Is Not All Bad

MarketWatchApr 14 22:18

The U.S. service sector price index rose to 70.7 in March, reaching its highest level since October 2022.

Gelonghui April 6 | The expansion of the U.S. service sector economy slowed in March, with employment experiencing the largest decline since 2023, and input prices rising significantly. According to data released on Monday, the Institute for Supply Management (ISM) Services Price Index rose to 70.7, the highest level since October 2022, increasing by 7.7 percentage points from the previous month, marking the largest rise in nearly 14 years. The ISM Services Index fell by 2.1 percentage points to 54, primarily due to weak employment and slower growth in business activity. Affected by the war in Iran, energy and other input costs surged, putting pressure on businesses. The employment index for the service sector declined.

Gelonghui FinanceApr 6 22:10

Lowest in nearly 12 years! U.S. consumer confidence index collapses as high unemployment and rising prices deliver a 'double blow'.

① US consumer confidence fell to its lowest level in nearly 12 years in January, primarily due to concerns over a weak job market and rising prices; ② With the midterm elections approaching, the decline in consumer confidence is widespread across political parties, potentially increasing pressure on US President Trump.

cls.cnJan 28 14:09

US Consumer Confidence Falls Sharply in January to the Lowest Level Since 2014, Conference Board Says

Yahoo FinanceJan 27 23:04

The preliminary reading of the Conference Board's U.S. consumer confidence index for January plummeted to 84.5, hitting its lowest level since 2014.

The Conference Board reported that the preliminary reading of the U.S. Consumer Confidence Index fell by 9.7 points to 84.5 in January, indicating a decline in confidence after a one-month recovery. The Present Situation Index dropped by 9.9 points to 113.7 in January. The Expectations Index declined by 9.5 points to 65.1, which is significantly below the threshold of 80 that typically signals a recession. Dana M. Peterson, Chief Economist at The Conference Board, stated that consumer confidence saw a substantial drop in January as concerns about both current conditions and future expectations deepened. All five components of the index deteriorated, leading to an overall weakening.

AASTOCKSJan 27 23:03

Express News | According to ADOBE ANALYTICS, US consumers spent $9.8 billion online on Black Friday, an increase of 7.5% over the previous year.

BreakingsNov 25, 2023 23:40