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Argentina’s austerity-hit economy contracted by 5.1 percent in the first quarter, the national statistics agency said Monday, driven by a slowdown in the construction and manufacturing industries. The manufacturing industry contracted by 13.7 percent and the only sector growing was exports — up 26.1 percent year on year.
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Though inflation’s hold on the U.S. economy is easing, historic increases in price growth are still affecting retirement plans, research finds.
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Four of the companies are headquartered in greater Cleveland.
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Sebastien Page. T. Rowe Price, joins ‘Closing Bell’ to discuss the economy and his market playbook.
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US business activity inched up to a 26-month high in June, its highest since April 2022, with S&P Global’s data also showing declining prices paid as the disinflation trend seems to be confirmed. S&P Global Ratings’s chief US economist, Satyam Panday, tells Reuters the world’s biggest economy is on track for about 2.5% growth this quarter. #News #Reuters #Newsfeed #usamarkets #businessactivity #disinflation👉 Subscribe: http://smarturl.it/reuterssubscribeKeep up with the latest news from around the world: https://www.reuters.com/Follow Reuters on Facebook: https://www.facebook.com/ReutersFollow Reuters on Twitter: https://twitter.com/ReutersFollow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en