US ISM Manufacturing Remains in Contraction in April as Trump Tariffs Choke Demand, Prompting Firms to Slash Output, Shed Payrolls amid High Costs
–ISM Manufacturing Index at 48.7 vs. 49.0 in March, Above Consensus (47.9)–ISM’s Fiore: Tariff Concerns Account for 82% of April Survey Comments vs. 67% in March, Overshadowing Any Kind of Demand Comment–Fiore: Don’t Think US in Recession but PMI Indicates Moving in That Direction–Fiore: Not a Tariff Fan; Firms Won’t Invest, US Consumers Will Pay […]
Preview: Japan Q1 GDP to Post 1st Contraction in 4 Quarters as High Costs Keep Consumers Wary, Exports Remain Flat amid Uncertain Global Growth Prospects
–Global Trade War May Lead to 2nd Straight GDP Slump in Q2 By Max Sato (MaceNews) – Japan’s gross domestic product for the January-March quarter is forecast to post its first contraction in four quarters, down a slight 0.1% on quarter, or an annualized 0.4%, in payback for a technical jump in net exports in […]