Orders from U.S. factories declined 1.3% in October to $604.8 billion, from $612.9 billion in September. Economists polled by The Wall Street Journal were expecting a 1.2% decrease.
Federal Reserve governor Stephen Miran said he is not among the finalists President Trump is considering for the Fed chair role and he hasn’t raised his hand for the job.
German inflation fell in the last month of 2025, tracking a decline in French consumer prices and reinforcing the European Central Bank’s view that the eurozone is in a “good place.”
U.K. shop and food price inflation ticked higher in December, when shoppers leaned into promotions to alleviate cost pressures, according to an industry report.
Centrists worry that too much damage was inflicted on U.S. households during the 43-day government-funding lapse, hurting voters they are trying to help.
The Institute for Supply Management said that its purchasing managers index of manufacturing activity fell to 47.9 in the month, compared with 48.2 in November.
Asia’s manufacturing sector seems to be on firmer ground with survey data signaling improving factory activity, though rising cost pressures could cloud any recovery.