Pay for S&P 500 company CEOs in 2022 rose just 0.9% to $14.8 million in median compensation, according to an AP study.
Latest In Economic Trends
The Institute for Supply Management’s monthly Purchasing Managers Index (PMI) remained in contraction territory for a seventh straight month in May.
Economists polled by Reuters had expected China's manufacturing PMI to increase slightly in May.
The U.S. Census Bureau also said that data for March was revised higher to show that core capital goods declined 0.6% as opposed to the previously reported drop of 1.1%.
A new government estimate says U.S. real gross domestic product increased at an annual rate of 1.3% in 1Q 2023, down from 2.6% in 4Q 2022.
Metalforming companies are projecting a dip in economic activity heading into the summer, according to the Precision Metalforming Association (PMA).
S&P Global's PMI composite output index rose in May, led by an increase in service activity, according to a new report.
The Conference Board LEI provides a barometer of major turning points in the U.S. business cycle and where it's heading in the near-term.
April marked China's fastest industrial growth since September 2022.
The increase exceeded investor expectations of a 0.1% gain, according to a survey by The Wall Street Journal.
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Cutting tool consumption totaled $225.6M, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology.
In the 12-month period through April, the PPI increased 2.3%, following a 2.7% gain in March, the Bureau of Labor Statistics said.
The Consumer Price Index rose 0.4% in April, while the all-items index increased 4.9% over the last 12 months.
The Institute for Supply Management’s Spring Economic Forecast predicts revenue to increase and manufacturing to expand at slower pace.
March orders were up 16.5% over February 2023 orders and just under 2% below March 2022 orders, according to a new report.
Total inventories of merchant wholesalers were $918.5 billion, virtually unchanged from the revised February level.
Non-farm payrolls rose by 253,000 jobs last month, including 15,000 in the construction industry, according to ABC.
On a seasonally adjusted annualized basis, nonresidential spending totaled $997.1 billion for the month, according to ABC.
