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Category: Recession 2024

The analysis published under this category are as follows.

Economics

Tuesday, May 28, 2024

US Economy Slowing Slipping into Recession, But Not There Yet / Economics / Recession 2024

By: Michael_Pento

The recent spate of economic data continues to point to a weakening economy, but one that is not yet precipitously falling into recession.

The Philly Fed Index was released late last week. The diffusion index for current general activity declined 11 points to 4.5 in May. The index for new orders declined from 12.2 to -7.9, its first negative reading since February, and the shipments index fell from 19.1 to -1.2, its first negative reading since January. We also had US industrial production data released this week. It was flat in April from the previous month, while factory output fell by 0.3%.

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