US economic activity looks set to post softer growth in the government’s upcoming fourth-quarter GDP report. Based on the median nowcast from several sources, output appears set to downshift to the slowest increase since 2024’s first quarter.
Daily Archives: January 7, 2025
Macro Briefing: 7 January 2025
US factory orders fell more than expected in November. New orders for manufactured goods dropped 0.4% compared with October, marking the fourth monthly decline in the past four. For the year-over-year trend, factory orders have slumped 1.9% in November, remaining in a tight range around zero change that’s prevailed over the past 18 months.
