Despite an increase in output in January, the U.S. manufacturing sector has weakened in recent months due to softer consumer demand and higher borrowing costs.
- Feb 18, 2023, 6:00 PM CST
The slowing manufacturing activity seems to have led to stagnating demand for diesel and other middle distillates in the United States. But other economic data – out this week – showed a resilient economy and job market, suggesting that the Fed could be more hawkish with interest rate hikes to cool inflation. As a rule of thumb, the expected economic slowdown after the hikes is set to weigh on oil demand in the world’s biggest economy.
“The survey’s future indexes continued to suggest tempered expectations for growth over the next six months,” Philadelphia Fed said. from the Institute of Supply Management, economic activity in the manufacturing sector contracted in January for the third consecutive month following 28 months of growth.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
If stigma is the problem, using different words may not helpIn good writing, the language of everyday conversation is likely to be at least as useful as the latest terminology recommended by activists
Consulte Mais informação »
Rishi Sunak desperately wants to be the PM who truly got Brexit doneThe Prime Minister hopes he can succeed where Theresa May and Boris Johnson did not but his party may not co-operate
Consulte Mais informação »
PC gamers are getting fed up with one shitty port after anotherEverything comes to PC now, but it sure feels like there's something wrong with practically every major release.
Consulte Mais informação »
Paul Rudd says his latest Marvel film 'may be the end of Ant-Man'In the third solo outing for the popular Marvel character - Ant-Man And The Wasp: Quantumania - there's a new villain in town, Kang the Conqueror, plus old friends Hank Pym, and Janet and Hope Van Dyne. Just make sure you read Quantum Theory For Dummies before you watch it.
Consulte Mais informação »
Humans may need more sleep during the winter, study suggestsAs our body clocks are set by the sun, the changing length of days and light exposure over the course of a year could affect the duration and quality of our sleep.
Consulte Mais informação »