Most accurate U.S. growth forecasters say to brace for stronger data this week

April 30, 2014

Arrows shot by Olympic hopeful and member of the U.S. archery team Gibilaro are seen in the target in BranfordThe two forecasting teams that came closest to predicting the U.S. economy would nearly stall in the first quarter expect other key economic data due this week to be strong.

Another false start for the U.S. economy?

February 4, 2014

Since the global financial crisis ripped the floor out from underneath developed world economies, the world’s biggest one has had several false starts nailing the floorboards back in.

Weak manufacturing orders tend to precede U.S. recessions

August 2, 2012

U.S. manufacturing activity shrank for a second straight month in July as recent economic weakness spilled into the third quarter, according to the Institute for Supply Management’s closely watched index. But that wasn’t the worst of it: new orders, a gauge of future business activity, also shrank for a second month, albeit at a slightly slower pace.

U.S. manufacturing shrinks for second month

August 1, 2012

The closely watched Institute of Supply Management’s nationwide manufacturing index showed contraction in manufacturing for the second month in a row in July and Bradley Holcomb, chairman of the ISM’s business survey committee, sounded equally subdued in a morning teleconference.

Fed doves ‘will not be patient’

July 2, 2012

Ellen Freilich contributed to this post

The Fed did the twist. Will it shout as well? There has been some debate among economists about whether the U.S. central bank might launch a third round of outright bond buys or QE3 given that it just prolonged Operation Twist.

Not your father’s ISM survey

February 1, 2012

Manufacturing activity picked up in January, an encouraging sign for U.S. growth prospects. Right? Perhaps not as much as it used to be. The shrinking role of factory production in the U.S. economy – now just over a tenth of the nation’s output – means the Institute for Supply Management’s closely watched survey is a less sturdy predictor of broader trends.

Looking past schism in the ISM

November 1, 2011

U.S. manufacturing activity slowed to a crawl in October, according to the latest figures from the Institute for Supply Management. Still, a measure of new orders picked up steam, suggesting some prospect for an improvement in demand.