economic-data News
US Manufacturing Slump Deepens with Ninth Month of Contraction
The ISM Manufacturing PMI fell to 48.2% in November, signaling persistent weakness in the industrial sector and raising concerns over broader economic health.
China Factory Activity Falters, Casting Shadow on Global Growth
A key private survey of China's manufacturing sector unexpectedly slowed in November, raising concerns over the durability of the world's second-largest economy.
China's Factory Slump Extends to 8th Month, Stoking Global Growth Fears
Persistent weakness in the world's second-largest economy signals trouble for U.S. industrial and tech sectors with heavy exposure to international demand.
US Holiday Shopping Starts Strong With Record Online Sales
Black Friday and Cyber Monday data reveal resilient consumer spending, though a surge in 'buy now, pay later' services points to a budget-conscious shopper.
US Consumer Confidence Tumbles to Seven-Month Low
Sharp drop in November index raises concerns over holiday spending and economic resilience as recession fears linger.
US Holiday Sales Surge Past Forecasts on Deep Discounts
Shoppers spent a record $41.1 billion online from Thanksgiving to Cyber Monday, signaling resilient consumer demand despite economic headwinds.
Trump Floats Radical Swap of Income Tax for Tariffs
Economists warn the proposal is fiscally unworkable and would shift the tax burden to consumers through higher prices on imported goods, sparking inflation fears.
Medicare Hike to Erode Social Security COLA for Millions in 2025
A 5.9% jump in Part B premiums will consume over a fifth of the cost-of-living adjustment, posing headwinds for consumer spending.