Afternoon Coffee: PMI Report Shows Slowdown in Manufacturing, Commerce Dept. Says US Business Investments Down


The US manufacturing sector has slowed recently, with production volumes showing the weakest rise in 4 months and new export orders dropping for the first time since November, the Markit PMI report stated.

US businesses are also spending less on investments, the Commerce Department reported today. A strong dollar and declining energy prices are said to be behind the fall in capital spending.

Comcast has abandoned its efforts to merge with Time Warner Cable due to a lack of support from regulators. The proposed $45 deal would have combined the nation’s 2 largest cable companies.

Aspartame will no longer be one of the supplies needed to produce Diet Pepsi. PepsiCo Inc. said it will start selling its diet soda without the artificial sweetener later this year.

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