The Federal Reserve said on Wednesday that its index of industrial production, a measure of output at factories, mines and utilities, rose last month as output continued to recover from the depths of the economic shutdown last spring. Total production rose 0.9% in January, following an increase of 1.3% in December. The results were slightly above the ... READ MORE >
CHART OF THE DAY: U.S. durable goods orders rise for eighth straight month
Orders for long-lasting factory goods increased in December for the eighth straight month, according to U.S. Department of Commerce data released on Wednesday. New orders for durable goods rose 0.2% to a seasonally adjusted $245.3 billion in December, following an upwardly revised 1.2% gain (previously 1%) in November. Economists surveyed by The Wall ... READ MORE >
CHART OF THE DAY: Manufacturing upturn strongest since 2014
Driven in part by new orders, U.S. manufacturing output growth accelerated in January at the second-fastest rate in almost six years, according to the IHS Markit Flash U.S. Manufacturing Purchasing Managers’ Index. The index posted a reading of 59.1 in the first half of January, up from 57.1 in December, and is at a series record high. This month’s ... READ MORE >
CHART OF THE DAY: U.S. manufacturing activity finishes the year strong
U.S. manufacturing activity continued to expand in December, according to the Institute for Supply Management's Manufacturing Purchasing Managers’ Index released on Tuesday. The index registered 60.7 in December, its eighth straight month of expansion, and 3.2 points above the 57.5 reading in November. December's reading was well ahead of economists’ ... READ MORE >
CHART OF THE DAY: U.S. factory growth remains robust
The recovery in U.S. and global manufacturing activity continued through the end of 2020, even as new COVID-19 infections increased across the globe. U.S. manufacturing activity accelerated at its fastest pace in more than six years in December, according to the IHS Markit U.S. Manufacturing Purchasing Managers’ Index released on Monday. The index posted ... READ MORE >
CHART OF THE DAY: Industrial production continues its recovery
The Federal Reserve on Tuesday said its index of industrial production, a measure of output at factories, mines and utilities, rose last month as output continued to recover from the depths of the economic shutdown this spring. Total production rose 0.4% in November, slightly above the consensus of 0.3% and following a 0.2% downwardly revised October ... READ MORE >
CHART OF THE DAY: Manufacturing expansion continues in November
U.S. manufacturing activity continued its expansion in November, according to the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index. The index registered 57.5 in November, its seventh straight month of expansion, but was 1.8 points below the 59.3 reading in October. A reading above 50 suggests expansion. November's reading was ... READ MORE >
U.S. industrial production rose 1.1% in October
The Federal Reserve on Tuesday said its index of industrial production, a measure of output at factories, mines and utilities, rose last month as output continued to recover from the depths of the spring. Total production rose 1.1% in October, slightly above economists' consensus of 1.0%, following a 0.4% downwardly revised September reading. Even with ... READ MORE >
CHART OF THE DAY: U.S. manufacturing expanded at fastest pace since 2018, ISM reports
American manufacturing activity continued its six-month expansion in October, according to Institute for Supply Management data released on Monday, with 15 of the 18 manufacturing industries included in the data reporting growth. October marked the fastest pace of manufacturing expansion in the United States since the fourth quarter of 2018, led by ... READ MORE >
RSM US Manufacturing Outlook Index breaks above 2018-20 downtrend
A rebound in U.S. manufacturing sentiment to the pre-trade war levels of the summer of 2018 implies that the domestic economy is moving briskly toward recovery. For this reason, we expect that the October Institute for Supply Management manufacturing index, set to be released on Monday, will reflect a modest improvement in overall sentiment and ... READ MORE >