Singular Bank | According to the BLS, in February, the US producer price index continued to accelerate its growth rate to 0.7% month-on-month (against 0.5% in January), in contrast to the moderation estimated by the consensus of analysts (0.3%). In turn, on a year-on-year basis, the PPI rose by 3.4% (against 2.9% in January). This trend occurred before the start of the conflict in the Middle East, so its impact…

Link Securities | According to the Federal Reserve, industrial production in the US rose by 0.2% in February compared with January, slightly less than the 0.3% expected by the consensus of FactSet analysts. Meanwhile, manufacturing output grew by 0.2% in February compared with January, a figure in line with analysts’ expectations. Similarly, mining output rose by 0.8% over the month, whilst utility output fell by 0.6%, with electricity companies remaining…

Bankinter | The US economy is growing at a slower pace than expected, although the PCE comes in as a positive surprise. (i) Q4 2025 GDP revised significantly downwards: 0.7% q/q annualised against the expected 1.4% and preliminary figure of 4.4%. Consumption was also revised downwards: 2% against the expected 2.4% and preliminary figure of 3.5%. Of particular note is the rebound in the GDP deflator, revised upwards to 3.8%…

Link Securities | The US services sector purchasing managers’ index, the services PMI compiled by S&P Global, fell in its final February reading to 51.7 points (a 10-month low) from 52.3 points in January, falling below the 52.3 points in its preliminary reading, which was what FactSet consensus analysts had expected. Any reading above 50 points suggests expansion of activity relative to the previous month, and below that level, contraction….