[Tree] U.S. economic outlook and consumer sentiment
Version 1.38 (2024-09-09 18:32:44.346000)
updates: Improving economic indicators and consumer confidence noted
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Version 1.37 (2024-08-30 21:38:03.036000)
updates: Introduction of 'vibecession' concept and recent economic data.
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Version 1.36 (2024-08-28 09:32:22.242000)
updates: Added personal stories highlighting economic struggles
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Version 1.35 (2024-08-27 16:39:09.713000)
updates: Incorporated Q2 2024 consumer financial health data.
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Version 1.34 (2024-08-25 09:32:10.308000)
updates: Public perception contrasts with positive economic indicators
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Version 1.33 (2024-08-15 17:06:43.167000)
updates: Channel indicators point to a robust second half of 2024
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Version 1.32 (2024-08-09 15:04:41.770000)
updates: Mixed outlook for US economy in Q3 2024
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Version 1.31 (2024-08-07 08:02:49.891000)
updates: US Q3 GDP growth estimate raised to 2.9%
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Version 1.3 (2024-07-29 05:58:56.146000)
updates: Information about the US housing share of GDP and residential investment
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Version 1.29 (2024-07-25 03:58:40.315000)
updates: US economy faces a slowdown amidst hiring challenges and housing market struggles
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Version 1.28 (2024-07-19 17:03:59.185000)
updates: Updated information on US economic growth and inflation outlook for 2022
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Version 1.27 (2024-07-18 16:05:46.377000)
updates: The U.S. economy is transitioning to below-trend growth from above-trend growth seen in the last quarter of 2023 and the first quarter of 2024, according to analysts from the Florida Office of Economic and Demographic Research. The transition is driven by factors such as the ongoing effects of past monetary tightening, tightening of lending standards on loans to consumers and businesses, and a strong cessation in equity values. Nonfarm job growth was higher than expected at 2% and 1.5% over previous estimates of 0.5% and 0.3%. Nonfarm payroll employment increased by 1.7% over the year, and the unemployment rate remained slightly lower at 1.4% in June 2024. Real consumer spending growth in the fourth quarter was 3.3%, and grew 1.5% in the first quarter of 2024 as expected. Consumer price inflation was higher than expected at 3.8% for the first quarter, and personal income grew faster than expected at 7%. Mortgage rates were lower than expected at 6.76% in the first quarter. Existing family home sales were higher than expected, but still at historically low levels. The median single-family home price declined more than expected in the fourth quarter of 2023 and first quarter of 2024. Light vehicle sales and business investment remained close to expectations. Apartment rent growth in the U.S. has been slower than expected in the first half of 2024. RealPage's Q2 2024 apartment forecast predicts that about half of the top 50 U.S. markets will see annual rent growth between 2% and 3% this year, while a quarter of markets will have growth between 1% and 2%. Eighteen percent of markets are expected to have rent growth below 1%, and some markets may not see any rent growth at all. Atlanta and Jacksonville are the only cities expected to experience rent cuts of 1% or more.
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Version 1.26 (2024-07-17 09:54:36.947000)
updates: Apartment rent growth in the US is slower than expected
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Version 1.25 (2024-07-17 02:55:40.620000)
updates: Updated information on nonfarm job growth, unemployment rate, consumer spending growth, consumer price inflation, personal income, mortgage rates, existing home sales, and single-family home prices
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Version 1.23 (2024-07-11 05:57:26.215000)
updates: Inclusion of Atlanta Fed's revised estimate for Q2 GDP growth
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Version 1.22 (2024-07-10 12:57:49.449000)
updates: Inclusion of OPEC's revised global GDP growth forecast
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Version 1.21 (2024-07-08 18:56:20.689000)
updates: Revised growth forecasts, Sectoral upgrades, Additional information on US and China, Saxo Bank's outlook, Risks to the economy
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Version 1.2 (2024-07-08 13:58:15.007000)
updates: Global GDP growth is accelerating despite predictions of a slowdown. The World Bank predicts that in 2024 and 2025, nearly 60% of countries will grow by less than their average rate in the 2010s. Global inflation is expected to fall to 2.8% this year and 2.4% in 2025. The United States has already resumed its pre-pandemic growth trajectory, with GDP expected to grow by 2.7% this year. Investors are currently enjoying a near-perfect environment, with developed-market equities performing well and volatility at historic lows.
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Version 1.19 (2024-07-08 12:55:35.079000)
updates: Revised growth forecasts, Sectoral upgrades, Additional information on US, China, and emerging markets
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Version 1.18 (2024-07-04 17:01:03.020000)
updates: Revised growth forecasts and sectoral upgrades
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Version 1.17 (2024-07-03 12:58:06.686000)
updates: Integration of Alpinum Investment Management AG's Q3 2024 Investment Letter
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Version 1.16 (2024-07-03 08:56:01.123000)
updates: Risks to economic growth and concerns about the 'sandcastle economy' from Saxo Bank
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Version 1.15 (2024-07-02 19:57:09.975000)
updates: Positive developments in major economies and long-term focus on innovation
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Version 1.14 (2024-06-30 09:55:39.244000)
updates: Updated information on global economic outlook and positive developments in major economies
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Version 1.13 (2024-06-29 12:55:51.469000)
updates: Positive developments in major economies contribute to improved global outlook
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Version 1.12 (2024-06-27 11:57:45.745000)
updates: Updates on global economic stability and growth prospects
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Version 1.11 (2024-06-24 08:00:42.273000)
updates: Belarus' GDP growth forecasted at 3.4% by 2024
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Version 1.1 (2024-06-15 16:55:17.905000)
updates: BSP predicts robust global and Philippine economy for rest of 2024
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Version 1.09 (2024-06-13 11:57:41.702000)
updates: Updated information on India's projected growth rate in 2024
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Version 1.08 (2024-06-12 21:53:48.532000)
updates: World Bank upgrades global growth forecast to 2.6%
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Version 1.07 (2024-06-12 16:54:47.520000)
updates: The World Bank has upgraded its global economic forecast to 2.6%.
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Version 1.06 (2024-06-12 07:52:56.882000)
updates: Upgraded global economic forecast to 2.6%, cautioned on sluggish growth and trade barriers
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Version 1.05 (2024-06-12 05:57:56.968000)
updates: The World Bank upgrades its outlook for the global economy and projects strong growth in the United States and India
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Version 1.04 (2024-06-12 05:54:08.107000)
updates: World Bank upgrades global economic forecast, US growth
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Version 1.03 (2024-06-12 04:55:47.203000)
updates: Updated growth rate forecast for India in 2024
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Version 1.02 (2024-06-12 03:55:28.498000)
updates: India projected to remain fastest-growing large economy in 2024
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Version 1.01 (2024-06-11 23:52:50.831000)
updates: The World Bank's report highlights the challenges faced by many countries, including emerging market and developing countries, China, Latin America, and the eurozone countries. The bank warns against protectionism and increased trade barriers, stating that these measures endanger global prosperity. Geopolitical and economic risks, including ongoing conflicts in Gaza and Ukraine, rising protectionism, and a deeper downturn in China, pose threats to the global outlook. The World Bank calls on nations to maintain policies that promote productivity and innovation and to work together to raise growth rates, warning that increasing trade barriers could hinder global growth.
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Version 1.0 (2024-06-11 22:53:35.281000)
updates: The World Bank's report highlights the challenges faced by many countries, including emerging market and developing countries, China, Latin America, and the eurozone countries. The bank warns against protectionism and increased trade barriers, stating that these measures endanger global prosperity. Geopolitical and economic risks, including ongoing conflicts in Gaza and Ukraine, rising protectionism, and a deeper downturn in China, pose threats to the global outlook. The report also mentions the potential positive impact of lower inflation and productivity gains on global growth.
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Version 0.99 (2024-06-11 22:52:50.611000)
updates: World Bank raises global growth forecast to 2.6%
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Version 0.98 (2024-06-11 20:57:09.392000)
updates: The World Bank slightly lifts its global growth outlook for 2024, projecting a growth rate of 2.6% driven by stronger-than-expected economic performance in the United States. China's 2024 growth forecast is upgraded to 4.8% from 4.5%, while Japan's forecast is cut to 0.7% from 0.9%. Geopolitical and economic risks pose threats to the global outlook.
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Version 0.97 (2024-06-11 20:52:45.850000)
updates: The World Bank's upgraded outlook for global growth reflects the strength of the US economy, but the bank highlights the challenges faced by emerging market and developing countries and the need to address these issues to achieve sustainable growth
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Version 0.96 (2024-06-11 19:59:36.849000)
updates: The World Bank's outlook for global growth has been upgraded to 2.6% in 2024, supported by the strength of sustained growth in the United States. The US economy is expected to expand by 2.5% in 2024. However, global growth remains sluggish compared to pre-pandemic levels. The report emphasizes the challenges faced by emerging market and developing countries, including high debt, high interest rates, and increased trade barriers [7f3a9757].
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Version 0.95 (2024-06-11 19:53:40.233000)
updates: Upgraded global growth forecast, increased US growth projection, challenges faced by emerging market and developing countries, concerns about heavy debts and high interest rates, emphasis on addressing trade barriers
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Version 0.94 (2024-06-11 17:54:30.326000)
updates: The World Bank warns about the consequences of sustaining elevated interest rates for a longer period. It states that this can lead to slower growth and urges countries to avoid a lower-for-longer economic growth scenario. The bank expresses concerns about faltering trade and highlights the importance of addressing issues such as heavy debts and high interest rates in order to achieve sustainable growth. Many countries, including China, Latin America, and sub-Saharan Africa, are already experiencing economic strain. The World Bank expects emerging market and developing countries to collectively grow by 4% in 2024. The report also warns that interest rates will remain double their 2000-2019 average in the next three years, which will hamper growth and add debt pressure to emerging market countries. The report states that countries representing 80% of the world's population and GDP output will see weaker growth through 2026 than before the pandemic. The World Bank also highlights the risks of armed conflicts in Gaza and Ukraine, which could have spillover effects on global shipping, oil prices, and inflation. Trade restrictions driven by geopolitical rivalries and rising protectionism could also hamper global trade volume growth. On the upside, the U.S. economy is defying predictions of a downturn and is expected to boost global growth if productivity and labor supply due to immigration prove persistent. The World Bank's report also mentions the impressive resilience of the U.S. economy, which has remained buoyant despite monetary policy tightening. However, consumer spending in the U.S. has been affected, with fewer consumers having enough savings and adjusting their spending habits accordingly. The report concludes that the world, especially developing economies, has yet to rediscover a reliable path to prosperity.
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Version 0.92 (2024-06-11 17:52:50.482000)
updates: Updated outlook for global economy, warnings about sustaining elevated interest rates
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Version 0.91 (2024-06-11 16:59:50.657000)
updates: Provides more details on global growth outlook and challenges faced by developing countries
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Version 0.9 (2024-06-11 16:54:16.912000)
updates: Upgraded global growth outlook, revised growth forecasts for the US and China
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Version 0.89 (2024-06-11 16:53:11.930000)
updates: The World Bank has revised its global economic growth forecast for 2024, predicting that the world economy will expand by 2.6% this year, unchanged from 2023. The upgraded forecast reflects confidence in the strength of the US economy, which has been a key driver of global growth. The World Bank now expects the US GDP to grow by 2.5% in 2024, a significant increase from the previous projection of 1.6% in January. Consumer spending and business investment have contributed to the expansion of the US economy, and the revised forecast suggests that it will continue to support global growth in the coming year. China's economy is expected to decelerate to 4.8% this year from 5.2% in 2023. The World Bank projects the Eurozone GDP growth to remain unchanged at 0.7% for 2024. The World Bank cautions that global growth remains sluggish compared to historical standards, with rising trade barriers and ongoing conflicts posing threats to global prosperity. The bank also highlights the heavy debts and high interest rates burdening the world's poorest countries. The World Bank warns that overall output will remain well below pre-pandemic levels through 2026.
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Version 0.88 (2024-06-11 15:55:57.182000)
updates: The World Bank's upgraded global economic outlook for 2024, while reflecting confidence in the US economy, also warns of sluggish growth compared to historical standards. Rising trade barriers, ongoing conflicts, heavy debts, and high interest rates burdening the world's poorest countries pose threats to global prosperity. The report emphasizes the importance of international cooperation to mitigate these challenges.
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Version 0.87 (2024-06-11 15:53:21.469000)
updates: World Bank warns of sluggish recovery, cautions on interest rates
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Version 0.86 (2024-06-11 14:54:42.344000)
updates: The World Bank raises its global growth forecast for 2024 and upgrades the US GDP growth estimate. It warns of risks and challenges such as high interest rates and trade tensions that could impact global growth. It also highlights the heavy debts and high interest rates burdening the world's poorest countries.
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Version 0.85 (2024-06-11 14:53:52.320000)
updates: Revised global growth forecast, warning of challenges ahead
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Version 0.84 (2024-06-11 14:53:35.724000)
updates: World Bank upgrades global growth forecast based on US economy strength
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Version 0.83 (2024-06-11 14:53:19.209000)
updates: The World Bank has upgraded its global growth outlook due to resilient consumer spending in the US.
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Version 0.82 (2024-06-11 14:53:00.853000)
updates: The World Bank has revised its global economic growth forecast for 2024, predicting that the world economy will expand by 2.6% this year, up from the 2.4% it predicted in January. The upgraded forecast reflects confidence in the strength of the US economy, which has been a key driver of global growth. Consumer spending and business investment have contributed to the expansion of the US economy, and the revised forecast suggests that it will continue to support global growth in the coming year. The US economy is expected to grow by 2.5% this year, up 0.9 percentage points from January, fueled by robust consumption and government spending. China's economy is expected to decelerate to 4.8% this year from 5.2% in 2023. The World Bank cautions that global growth remains sluggish compared to historical standards, with rising trade barriers and ongoing conflicts posing threats to global prosperity. The bank also highlights the heavy debts and high interest rates burdening the world's poorest countries.
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Version 0.81 (2024-06-11 13:54:29.859000)
updates: The World Bank has upgraded its global growth outlook, raising its forecast for 2024 to 2.6% growth, up 0.2 percentage points from its previous prediction. The bank also upgraded its growth forecast for China. The global growth forecast for 2025 remains unchanged at 2.7%.
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Version 0.8 (2024-06-11 13:53:25.456000)
updates: Revised global growth forecast, long-term challenges, risks of armed conflicts, increasing trade restrictions
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Version 0.78 (2024-06-11 13:52:44.756000)
updates: World Bank upgrades global growth forecast to 2.6%
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Version 0.77 (2024-06-08 16:52:43.855000)
updates: The US economy grew at a slower pace than initially thought in Q1 2024
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Version 0.76 (2024-06-07 14:56:50.563000)
updates: Integration of information about job openings hitting 3-year lows
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Version 0.75 (2024-06-07 13:54:03.672000)
updates: US economic growth revised lower for Q1 2024, jobless claims edge up
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Version 0.74 (2024-06-05 13:52:41.605000)
updates: Atlanta Fed cuts Q2 US GDP estimate to 1.8%
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Version 0.73 (2024-06-05 12:56:06.942000)
updates: US Q1 GDP growth revised down to 1.3%, Brazilian economy rebounds with 0.8% growth in Q1
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Version 0.72 (2024-06-04 12:57:11.159000)
updates: Brazilian economy rebounds with 0.8% growth in first quarter
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Version 0.71 (2024-06-03 19:52:39.533000)
updates: Projections for Q2 GDP growth revised down to 1.8% from 4.2% [d383bdac]
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Version 0.69 (2024-06-01 17:54:21.849000)
updates: Integration of information about the downward revision of Q1 GDP and the impact of the trade deficit on Q2 GDP forecast
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Version 0.68 (2024-06-01 03:52:31.624000)
updates: US Q1 GDP revised down, Q2 nowcasts see firmer growth
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Version 0.67 (2024-05-31 19:55:41.600000)
updates: Q1 GDP revised down to 1.3%, Q2 nowcasts show firmer growth
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Version 0.66 (2024-05-31 16:53:39.787000)
updates: Revised GDP growth rate for Q1 2024, slowdown in consumer spending, resilience of the US economy
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Version 0.65 (2024-05-31 13:59:41.042000)
updates: Revised GDP growth rate, decline in consumer spending, downward revision in inflation rate, increased jobless claims
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Version 0.63 (2024-05-31 07:53:01.320000)
updates: Revised GDP growth rate, additional details on consumer spending and inflation
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Version 0.62 (2024-05-31 05:55:57.195000)
updates: The US economy grew at a slower pace in Q1 2024, with the GDP revised down to 1.3%. The downward revision was primarily due to weaker consumer spending. Jobless claims rose by 3,000 to 219,000. The global economy is showing signs of contraction. Corporate profits were revised lower. The revision in GDP figures suggests a significant pullback in consumer spending. The labor market remains resilient.
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Version 0.6 (2024-05-31 05:52:32.488000)
updates: US economy grew at a slower pace in Q1 2024, downward revision in consumer spending, increased focus on job market and inflation, global economy showing signs of contraction, increased financial stress among consumers, decline in corporate profits, downward revision in GDP figures, increased pessimism and downside risks, slowdown attributed to decline in stock investment, increased imports, and decreased consumer spending, exports, and government spending
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Version 0.59 (2024-05-31 04:54:50.534000)
updates: Updated information on US economic growth and consumer spending in Q1 2024
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Version 0.58 (2024-05-31 03:52:36.228000)
updates: Consumer spending growth revised down, Federal Reserve more likely to reduce interest rates
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Version 0.57 (2024-05-31 00:53:23.435000)
updates: US economic growth revised down to 1.3% in Q1 2024, consumer spending slows
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Version 0.56 (2024-05-30 22:54:06.681000)
updates: Revised GDP growth rate, consumer spending figures, jobless claims data
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Version 0.55 (2024-05-30 21:53:18.296000)
updates: Revised GDP figures for Q1 2024, global economic contraction, deflation concerns
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Version 0.54 (2024-05-30 20:54:20.411000)
updates: The US economy grew at a slower pace than initially estimated in the first quarter of 2024, with the gross domestic product (GDP) expanding at an annual rate of 1.3%, down from the previously reported 1.6%. The downward revision was primarily due to a downward revision in consumer spending. Consumer spending rose at a 2% annual rate, compared to the previous estimate of 2.5%. Spending on goods fell at a 1.9% annual pace, while services spending rose at a healthy 3.9% rate. Despite the slower growth, the US economy has remained resilient with low unemployment and a strong job market. The outlook for the US economy going forward is uncertain, and the Federal Reserve may delay interest rate cuts to address inflation. The downward revision in GDP figures suggests that the Federal Reserve's efforts to cool the economy through high interest rates are having an impact as consumers are increasingly hesitant to spend due to higher prices. The revision in GDP figures brings the first-quarter growth rate to the lowest since Q2 2022. The core Personal Consumption Expenditures Price Index growth for Q1 was revised down to 3.6%. Weekly jobless claims rose more than expected.
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Version 0.53 (2024-05-30 19:56:47.895000)
updates: US economy grew slower than expected in Q1 2024
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Version 0.52 (2024-05-30 19:56:19.698000)
updates: Downward revision in Q1 GDP growth rate, consumer spending, and inflation; Jobless claims rise slightly
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Version 0.51 (2024-05-30 17:58:49.879000)
updates: Revised GDP growth rate, downward revision in consumer spending, impact of high interest rates, election year pressure on Biden
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Version 0.5 (2024-05-30 17:54:31.962000)
updates: US economic growth revised down to 1.3% in Q1 2024
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Version 0.49 (2024-05-30 17:54:05.590000)
updates: US economic growth revised down to 1.3% in Q1 2024
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Version 0.48 (2024-05-30 17:53:31.059000)
updates: Revised GDP growth rate, impact on Biden's reelection prospects
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Version 0.47 (2024-05-30 17:52:37.440000)
updates: US economic growth revised down to 1.3%
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Version 0.46 (2024-05-30 16:56:24.400000)
updates: US economic growth revised down to 1.3% in Q1 2024, consumer spending and job growth slows
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Version 0.45 (2024-05-30 16:55:01.989000)
updates: US economic growth revised down to 1.3% in Q1 2024, consumer spending and job growth slows
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Version 0.44 (2024-05-30 16:54:36.714000)
updates: Downward revision in GDP growth and inflation rate
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Version 0.43 (2024-05-30 16:54:13.077000)
updates: Downward revision in GDP growth, impact of high interest rates on consumer spending
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Version 0.41 (2024-05-30 16:52:26.291000)
updates: US economic growth revised down to 1.3%
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Version 0.38 (2024-05-30 15:54:52.606000)
updates: Consumer spending revised down, stronger business and residential investment
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Version 0.37 (2024-05-30 15:54:34.391000)
updates: Consumer spending revised down, inflation revised down
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Version 0.36 (2024-05-30 15:54:17.714000)
updates: US GDP growth revised down to 1.3%, consumer spending remains strong
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Version 0.34 (2024-05-30 15:02:49.758000)
updates: US economic growth revised downward to 1.3% in Q1
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Version 0.33 (2024-05-30 15:02:33.530000)
updates: Revised GDP growth rate, jobless claims increase
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Version 0.32 (2024-05-30 15:02:18.011000)
updates: US economic growth revised down to 1.3% in Q1
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Version 0.3 (2024-05-30 14:59:33.102000)
updates: US economic growth revised down to 1.3% in Q1
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Version 0.29 (2024-05-30 14:58:29.404000)
updates: Revised GDP growth rate, additional details on consumer spending and inflation
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Version 0.26 (2024-05-30 14:54:02.866000)
updates: US economic growth revised lower for first quarter
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Version 0.25 (2024-05-30 14:52:47.138000)
updates: The US economy grew at a slower rate of 1.3% in the first quarter, impacting Federal Reserve policies. The slowdown is bad news for President Joe Biden's re-election campaign. The Fed will delay rate cuts until there is greater confidence in inflation heading towards the 2% target.
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Version 0.24 (2024-05-30 13:58:09.505000)
updates: Downward revisions in consumer spending and signs of inflation
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Version 0.23 (2024-05-30 13:57:02.479000)
updates: US economic growth revised down to 1.3%, consumer spending slows
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Version 0.22 (2024-05-30 13:55:34.440000)
updates: Revised Q1 GDP growth to 1.3%, lower than initial reading
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Version 0.21 (2024-05-30 13:53:44.228000)
updates: Revised Q1 GDP growth to 1.3%, slower than estimated
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Version 0.2 (2024-05-30 13:53:08.482000)
updates: US Q1 GDP growth revised down to 1.3% from 1.6%
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Version 0.19 (2024-05-30 13:52:36.352000)
updates: Revised Q1 GDP growth rate to 1.3% from 1.6%
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Version 0.18 (2024-05-30 12:56:58.902000)
updates: Revised Q1 GDP growth, weaker consumer spending, inflation revision, Federal Reserve reconsidering rate cuts
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Version 0.17 (2024-05-30 12:56:32.315000)
updates: Revised Q1 GDP growth estimate, potential for Fed rate cuts
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Version 0.16 (2024-05-30 12:54:50.694000)
updates: US Q1 GDP growth revised down to 1.3% on softer consumption
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Version 0.15 (2024-05-30 12:54:29.468000)
updates: Incorporated information about the US economy growing by 1.3% in Q1, indicating a slowdown
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Version 0.13 (2024-05-16 19:55:43.470000)
updates: Reports indicate a slow start for the US economy in the second quarter
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Version 0.12 (2024-05-16 14:59:11.255000)
updates: US manufacturing output remains stagnant in April
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Version 0.11 (2024-05-16 14:54:57.891000)
updates: Factory output declined by 0.3% in April, manufacturing sector faces challenges from rising input prices and inconsistent demand
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Version 0.1 (2024-05-16 14:53:05.387000)
updates: US industrial production remains unchanged in April, manufacturing sector faces headwinds
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Version 0.09 (2024-02-15 16:22:09.544000)
updates: US industrial production unexpectedly slips in January, manufacturing and mining sectors decline
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Version 0.08 (2024-01-18 08:51:49.322000)
updates: Incorporated information about the surprising rise in US industrial output in December, led by the manufacturing and mining sectors
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Version 0.07 (2024-01-04 19:19:57.471000)
updates: US Services PMI rebounds in December due to increased domestic demand
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Version 0.06 (2024-01-04 15:19:34.627000)
updates: The final reading of the US December S&P Global services PMI came in at 51.4, slightly higher than the preliminary reading of 51.3. The composite PMI also increased to 51.4 from the preliminary reading of 51.0. New orders rose at the sharpest rate since, and service providers recorded a steeper rise in input costs. However, there was a slower uptick in output charges. The final reading sets up the ISM services report, which is expected to be released tomorrow. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, stated that the PMI signals an acceleration of growth in the services economy, overshadowing a downturn in manufacturing. He also mentioned that the demand environment remains challenging, with the struggling manufacturing sector dampening demand for business-to-business services and consumers being less inclined to spend on luxuries. The slower rate of price increase in December is welcome news, particularly in the sector of inflation. S&P Global also reported a renewed contraction in new export orders, driven by lower purchasing power among customers in key export markets. This highlights the dichotomy between the US and elsewhere, which could lead to less inflation in the US.
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Version 0.05 (2024-01-04 15:18:37.074000)
updates: Services PMI in the US increased to 51.4 in December, surpassing expectations
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Version 0.04 (2023-12-15 18:30:34.851000)
updates: Retail sales beat expectations, indicating positive consumer sentiment
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Version 0.03 (2023-12-15 16:26:21.966000)
updates: US economy ends 2023 with momentum as services sector drives growth
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Version 0.02 (2023-12-15 15:21:43.328000)
updates: Updates on US economy's growth and the performance of the manufacturing and service sectors
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Version 0.01 (2023-12-05 15:34:04.804000)
updates: Inclusion of specific information about the US service sector's growth
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