104088701
voted
💡 Summary:
• Production of consumer goods slumps most since early 2021
• Output dropped 0.5% in June for a second month, Fed says
• Boosted by a 36.7% surge in the production of motor vehicles and parts in the second quarter
• Manufacturing may benefit some in coming months as retailers get inventories more in line with sales and the pace of goods inflation slows
The June index of production at factories, mines and utilities decreased 0.5...
• Production of consumer goods slumps most since early 2021
• Output dropped 0.5% in June for a second month, Fed says
• Boosted by a 36.7% surge in the production of motor vehicles and parts in the second quarter
• Manufacturing may benefit some in coming months as retailers get inventories more in line with sales and the pace of goods inflation slows
The June index of production at factories, mines and utilities decreased 0.5...
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104088701
commented on
Despite facing numerous obstacles, such as banking sector turmoil and recurring doubts about the economy's health, the U.S. stock market has demonstrated remarkable resilience and surged higher in the first half of this year.
NEW YORK, June 29 (Reuters) - The $S&P 500 Index (.SPX.US)$ is up 15.9% in 2023 - a rebound that surprised many analysts after equities’ brutal 2022 decline.
As a result, many people may be curious to know which sector has...
NEW YORK, June 29 (Reuters) - The $S&P 500 Index (.SPX.US)$ is up 15.9% in 2023 - a rebound that surprised many analysts after equities’ brutal 2022 decline.
As a result, many people may be curious to know which sector has...
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