According to a report from BijuWorld, in the United States, the Richmond Federal Reserve’s services sector revenue index in May rose from +9 to +14, indicating that this month’s pace of business income growth has reached its fastest level since December 2024. In addition, the Richmond Federal Reserve’s manufacturing index for May in the United States recorded 13, the highest since November 2021. Considering that the Iran war is still ongoing, and that other services surveys this month so far have shown rather muted overall performance, this result is quite striking.

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GateUser-b74aba1c
· 6h ago
Has the manufacturing index hit a new high, and has the inventory cycle turned?
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GateUser-57ab9c02
· 7h ago
Dual engines of manufacturing and service industries, the soft landing narrative is strengthened
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MarketMakingForMoonlitDeepPool
· 7h ago
The highest since November 2021, this timestamp is chosen very carefully.
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StargazingWithAMirroredSphere
· 7h ago
Revenue growth hits a six-month high, is corporate pricing power returning?
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GateUser-a65ee044
· 7h ago
Beyond the plain ISM, Richmond gave a surprise
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BitByBitBenny
· 7h ago
Manufacturing Industry 13 has been at its highest since the end of 2021, and supply chain resilience has exceeded expectations.
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