The rebound in US economic activity is expected to slow in the fourth quarter, according to the median for a set of estimates compiled by CapitalSpectator.com. The nowcast offers a bright note amid swirling recession forecasts, but business-cycle indicators suggest that the Q4 GDP estimate will fade as new economic report are published in the weeks ahead.
Daily Archives: December 6, 2022
Macro Briefing: 6 December 2022
* Ukraine drones extend attacks into Russia
* Global economic activity deepened during November, PMI survey data reports
* US factory orders rise more than forecast in October
* Global manufacturing operations shifting away from China
* Oil prices rise as new cap starts on the price of Russian crude
* Renewables will be biggest source of electricity generation by 2025, IEA says
* CEO optimism is waning on the outlook for 2023
* US Services PMI: “Business activity contraction gains pace” in November, but…
* ISM US Services Index reports stronger growth in November:
