Reade Pickert

US manufacturing activity expanded in May at the fastest pace in four years, bolstered by a pickup in new orders and production.

La actividad manufacturera de Estados Unidos se expandió en mayo al ritmo más rápido de los últimos cuatro años, impulsada por una aceleración de los nuevos pedidos y de la producción.

The Institute for Supply Management’s services index rose to a three-month high of 54.5. Readings above 50 indicate expansion.

US service-sector activity picked up in May, even as businesses face the fastest growth in input costs in nearly four years.

The impact of the Iran war continues to ripple across the world economy, pushing up prices and denting the outlook for growth.

Artificial intelligence may fuel inflation not just by driving up the cost of chips, but also by making consumers wealthier and more willing to spend, according to the International Monetary Fund’s chief economist.

The US service sector expanded in June at a slightly slower pace, but firms boosted payrolls as cost pressures eased.

The U.S. service sector expanded in June at a slightly slower pace, but firms boosted payrolls as cost pressures eased.

Fourteen industries reported growth in the June ISM report, including transportation and warehousing. Four industries, including agriculture, contracted.

A Senate committee voted to advance Brett Matsumoto’s nomination to lead the Bureau of Labor Statistics, inching closer toward filling the role after President Donald Trump fired the agency head last year.