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Economy

U.S. Economy Seen Expanding Through 2026: Institute for Supply Management

The U.S. economy continues to battle the headwinds posed by trade issues, continued inflation concerns and geopolitical uncertain. The result, the nation's supply and purchasing execs say, is the U.S. economy is expected to expand for the remainder of 2026. The forecast is contained in in

Inflation Speeds Up Again, Dealing Another Blow to Bev/Al Marketers

Inflation speeded up in May, rising 4.2% from a year earlier, the fastest pace since April 2023. While many producers have tried to hold the line on prices, others have raised them, wiping out pay increases Americans received over the past year. Adjusted for inflation, hourly earning have fallen

US Consumer Confidence Edged Lower in May, but Good News for Bev/Al

There's good news for bev/al marketers buried in this month's Conference Board Consumer Confidence Index: consumers plan to spend more on eating and drinking outside the home. As for the Consumer Confidence Index overall, it dipped 0.7 points to 93.1 (1985=100) in

64% of Americans Say Rising Gas Prices Have Affected Household Finances

Some 64% of Americans say recent increases in gas prices have affected their household’s financial situation, with a large majority (83%) expecting gas prices to continue to rise in the next month, a new Reuters/Ipsos poll conducted May 8-11 finds. Economic stress is often cited as one

More Trouble for French Wine Sector

As if the French wine sector didn't have enough troubles, now there's this: The French Purchasing Managers Index fell to 43.5 from 47.5, its lowest level in 5-1/2 years. Manufacturing has also fallen, to 48.9 from 52.8. "These figures

Manufacturing Expanded in April

The U.S. manufacturing sector expanded in April for the fourth straight month following a 10-month period of contraction, registering 52.7 percent, the same reading as March, according to the Institute for Supply Management. Of the five subindexes that directly factor into the Manufacturing PMI®, three (New Orders,

Consumer Expectations Continue to Slip

Consumer confidence was a little firmer than expected Tuesday (3/31), but the expectations number dipped and with broadening weakness being seen in the jobs market, households remain wary, James Knightley, Chief International Economist, US, at ING said. Rising gasoline prices will put added pressure on household finances and hiring