Industrial Production Figures

China’s major economic pillars wobbled in July with weakness in manufacturing and the all-important property sector, showing the pressure on a country that remains a drag on the struggling global economy.Chinese manufacturing activity unexpectedly contracted in July, as Beijing’s stringent Covid-19 restrictions and weak demand undercut hopes for a more robust economic revival. The official manufacturing purchasing managers index pulled back to 49.0 in July from 50.2 in June, China’s National Bureau of Statistics said…

The National Federation of Independent Business will release data from its monthly survey that gauges optimism among small businesses. Economists surveyed by The Wall Street Journal expect to see that the survey’s index declined slightly in June. The survey’s reading on near-term expectations for future business conditions fell in May to its lowest point on record.Wednesday The U.S. consumer-price index for June will offer a key inflation reading before the Federal Reserve’s July 26-27 meeting. Economists surveyed…

Orders for long-lasting goods rose 0.7% in May, driven by an increase in big-ticket items including cars, computers and military aircraft.New orders for products meant to last at least three years increased to a seasonally adjusted $267.2 billion in May, the Commerce Department said Monday, marking the seventh increase in the past eight months. Orders for long-lasting goods rose 0.7% in May, driven by an increase in big-ticket items including cars, computers and military aircraft.New orders for products meant to last…

U.S. industrial production grew at a slower pace in May and manufacturing output fell, the Federal Reserve said, adding to signs of slowing economic growth. Industrial production, which measures factory, mining and utility output, increased a seasonally adjusted 0.2% in May, the Fed said Friday, down sharply from a revised 1.4% increase the prior month. Manufacturing output dropped 0.1% last month, marking the first decline since January. Mining and utility output both rose, by 1.3% and…