Instawork data points to a supply chain rebound taking place
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Instawork data points to a supply chain rebound taking place Looking at the hidden risk of Chinese suppliers July manufacturing output remains in contraction mode, reports ISM National diesel average soars, for the week of July 31, reports EIA Nearly all UPS Teamsters local unions sign off on tentative agreement More News美国经济是否陷入衰退,标题into one, or coming out of one, has been hotly debated for the past year. The post-COVID recovery has created a fluctuations in economic data unlike anything economists have ever seen. As a result, making determinations on the state of the economy has been difficult at best.
While retail sales have continued to rise, up 0.3% in June from May and 1.5% in June year-over-year, the increase is the weakest since May 2020, according to the Commerce Department. The Institute for Supply Management (ISM) said the services economy activity grew again in June, with the Services PMI up 3.6% to a reading of 53.9, indicative of growth. Manufacturing, on the other hand, declined slightly in June, to a reading of 46, down 0.9% month over month, ISM said.
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July 2023
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