Although it is very clear that the US economy has lost a lot of momentum, there are no real indications that it will soon come to a complete standstill or even go into reverse. The latest ISM surveys...

The slowdown in Europe has been a greater drag on the US economy than the softening in China. With the euro-zone on the cusp of a deep recession, this trend will only become more pronounced. The...

There are a couple of reasons why the plunge in the ISM manufacturing index in June may be overplaying the extent of the recent slowdown. Even so, the clearer signs that events in Europe and China are...

It is striking just how quickly the easing in demand in Europe and certain parts of Asia has taken a toll on America’s industrial recovery. Thankfully, other parts of the economy have been affected by...