Durable goods orders in February fell for the second month in a row, driven mostly by declines in orders for automobiles, aircraft and defense. … READ MORE >
Industrials
U.S. manufacturing payrolls negative for first time in 21 months
The negative figure wasn’t unexpected; the soft manufacturing labor data is simply catching up to the slowdown in activity. … READ MORE >
This week in energy: Solar headwinds, Willow project, Gulf Coast LNG
In this week’s energy industry roundup, we examine headwinds for the solar industry, the Willow oil project in Alaska and liquefied natural gas facilities along the U.S. Gulf Coast. … READ MORE >
Manufacturing sector shrinks again in February amid falling demand
The Institute for Supply Management’s manufacturing index in February was 47.7, remaining below the long-term breakeven point of 48.7. … READ MORE >
RSM US Manufacturing Outlook Index shows a continuing slowdown
At 1.9 standard deviations below normal, our proprietary index implies a manufacturing sector set to lead the overall economy into a slowdown. … READ MORE >
U.S. inventories are growing at twice the rate of sales
The surge in inventories raises the risk that firms will be caught with excess supplies just as demand begins to slow down this year. … READ MORE >
This week in energy: Russia oil price cap, natural gas outlook, nuclear SMRs
In this week’s energy industry analysis, we take a look at the European Union’s latest sanction on Russian oil, the Energy Information Administration’s natural gas outlook, and plans for North America’s first small modular reactor. … READ MORE >
RSM US Manufacturing Outlook Index: Slowdown continues
The downturn in manufacturing in the United States continued in December and January, according to the RSM US Manufacturing Outlook Index. … READ MORE >
Manufacturing labor market tightens further as pace of hiring slows
The United States added 8,000 manufacturing jobs in December, making for a total of 379,000 new manufacturing jobs added in 2022, according to the Bureau of Labor and Statistics. This marks a 3% rise in new manufacturing jobs compared to 2021 but the hiring pace in the last few months is slowing. … READ MORE >
This week in energy: U.S. LNG exports, oil and gas markets, Canada outlook
In this week’s energy industry analysis, we take a look at U.S. liquefied natural gas exports, oil and gas market conditions and a 2023 outlook for Canada’s energy sector. … READ MORE >