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Manufacturers are optimistic, partly because of tariffs. In services, execs are glad the winter is over but not bullish on the full year.
The Fed’s Empire State manufacturing index shows weakness in demand and employment, possibly tied to the prospect of tariffs.
Chinese manufacturers tell Marketplace how they are coping with the additional U.S. tariffs.
S&P Global’s Purchasing Managers’ Index went up – and the Institute for Supply Management’s went down in February, as firms anticipate tariffs.
Orders rose in January. Are businesses feeling good about the economy or ordering ahead of promised tariffs?
Orders of manufactured goods have been picking up in recent months, according to the Institute for Supply Management. That’s a sign that production and hiring could increase in the months ahead.
The impact of tariffs will be uneven.
The metals are paired as targets for import duties, but they serve different markets. Domestic steel has spare capacity, aluminum not so much.
ADP estimates that the services sector gained 190,000 jobs in January and the production sector lost 6,000.
Nobody knows how tariffs will hit.