ECONOMICS

Chinese workers staged twice as many protests to defend their rights in 2023 compared to the previous year, according to a Hong Kong-based human rights group. As the of (more…)

Following US Manufacturing PMI's disappointing decline in December, US Services PMI was expected to rise in December and it did, with the final print of 51.4 (up from the flash 51.3 and 50.8 in November).

Source: Bloomberg

The 'soft' services sector survey is the strongest since July 2023 – as 'hard' data plumbs 2023 lows.

Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said:

However, at the composite level, on (more…)

For the 15th month in a row, ISM Manufacturing survey signaled no expansion (print over 50) in December.

While the 47.4 print is up from November's 46.7 (and better than the 47.1 expected), it is still a contractionary signal

Source: Bloomberg

“Companies are still managing outputs appropriately as order softness continues," said Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management Manufacturing Business Survey Committee:. (more…)