
Latest US manufacturing, jobs data tell different stories
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In this podcast, STANLIB’s Chief Economist, Kevin Lings, analyses latest US ISM manufacturing and labour data. The manufacturing index increased significantly to above 50, normally indicating expansion in the sector, but Kevin believes this reflects shorter-term factors, including anticipation of greater consumer spending ahead of tax cuts. US labour data continues to soften as businesses may be holding back on creating new jobs due to policy uncertainty and AI adoption. You can listen to the podcast [here].
STANLIB Asset Management (Pty) Ltd is an authorised Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.
STANLIB Asset Management (Pty) Ltd is an authorised Financial Services Provider in terms of the FAIS Act. This should not be construed as advice.


