FirstLook

Research evidence excerpt

FirstLook

l sector's slowdown has notably influenced the recent survey results, representing a potential

weak spot amid overall manufacturing activity. Other sectors, particularly capital goods and heavy industries, may be faring

slightly better, but continued focus on consumer goods sales is essential as these sectors grapple with various market pressures.

Additional Key takes:

• Sales Trends: The sales index has shown fluctuations, reinforcing the need for caution moving forward as it registers an

average below expectations.

• Manufacturing Outlook: Despite some challenges, manner along with signs of improvement could lead to a more

favorable outlook in the coming months if stability remains.

• Tightening Conditions: Continued economic tightening may adversely affect not just chemical sectors but potentially

others as well.

Employment Cos. Survey Oscar Sloterbeck (212-446-9423)

Thematic Research & Company Surveys Oscar.Sloterbeck@evercoreisi.com

Employment Cos. Survey Rises In Early July + Updates To Our Quarterly Questions

The latest Employment Cos. Survey shows a modest rise in employment indicators, reflecting cautious optimism as both temp

and perm placements improve. Recent trends indicate a slight uptick in overall employment activity, particularly from foreign firms

expanding in the U.S. Despite this, clients are still navigating headwinds from macroeconomic factors and ongoing caution in

hiring practices.

Survey Performance: The index improved from 50.2 to 50.5 in July, largely supported by temp employment, which rose slightly

from 55.5 to 55.7, while perm placements saw a small increase to 45.2. This might signal a readiness among companies to

cautiously expand their workforce as economic conditions stabilize, though full hiring confidence has yet to return.