by EFSD | May 31, 2018 | Economic News
China’s official manufacturing Purchasing Managers’ Index for May was 51.9. Economists in a Reuters poll had expected official PMI to come in at 51.3 in May, which would have been a dip from a reading of 51.4 in April. China reported on Thursday that...
by EFSD | May 30, 2018 | Economic News
Oil and trade posing greatest risks to global economic expansion, says OECD. Gross domestic product (GDP) growth around world averaging near to 4 percent. Economic expansion underpinned by low interest rates and fiscal stimulus. The current outlook for growth is...
by EFSD | May 29, 2018 | Economic News
American consumers were feeling more a bit more optimistic in May following a slight decline in confidence in April. The May reading matched Reuters’ estimates at 128, an increase from 125.6 in April. Consumers’ assessment of current conditions improved,...
by EFSD | May 28, 2018 | Economic News
Retailers are facing a shipping squeeze, and the trucking industry just can’t keep up. According to the American Trucking Associations, there’s a shortage of roughly 50,000 truck drivers across the country. And it’s hitting both businesses and...
by EFSD | May 27, 2018 | Economic News
Global oil prices took a hit in the last week, but a confluence of factors could carry Brent to its highest levels in more than three years this summer, according to one commodities market veteran. “People are throwing out the $100 level. I don’t have that...
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