Daily Archives: June 2, 2023

Macro Briefing: 2 June 2023

* Senate passes debt ceiling bill, sending legislation to Biden to avert default
* Global manufacturing output rises in May but new orders continue to fall
* Arizona limits residential construction around Phoenix due to water shortage
* US manufacturing sector continues to contract in May via ISM Mfg Index
* Jobless claims edge up but remain relatively low
* Construction spending in US for April rises well above expections
* US companies hire more workers than expected in May via ADP estimate:

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