A regional index of manufacturing activity in the fifth district showed a decline for the second straight month, according to a recent report by the Federal Reserve Bank of Richmond, indicating economic recession in the overall economy. “The composite manufacturing index remained negative but edged up from -10 in October to -9 in November,” said…

Spending on business equipment fell in the month of September amid an overall decline in manufacturing activity, signaling a lack in business confidence across the economy. Core capital goods orders—non-defense capital goods orders excluding aircraft—fell by 0.7 percent in September, to $74.77 billion from $75.33 billion in the previous month, according to an Oct. 27…

Signs of stagflation are mounting as recent data from the Federal Reserve Bank of Richmond reveal dismal manufacturing activity and elevated inflation weighing down on the U.S. economy. The Richmond Fed’s Manufacturing Index declined from an already low level of zero in September to -10 in October, going below its August level, said an Oct….

Europe’s factories have begun succumbing to dangerously escalating energy bills following retaliatory Russian cutbacks, resulting in an inflation rate of more than 9 percent and a dip in industrial production, which is expected to worsen in coming days. Industrial production for July 2022 decreased by 2.3 percent in the eurozone—i.e., the 19 countries that use…

The manufacturing sector in the Philadelphia region saw a modest contraction in June, according to a report released by the Federal Reserve Bank of Philadelphia on June 16. The Philly Fed Manufacturing Business Outlook Survey’s diffusion index for current general activity fell to -3.3 in June from 2.6 in May, missing the widely anticipated market…

U.S. manufacturing output has slowed down, according to data from a survey of purchasing managers amidst restrained demand in the market, mainly owing to severe material shortages that have resulted in longer production lead times and work backlogs. “With the exception of October and November, the pace of output growth was the slowest since October…