This is the first installment of a new biweekly news roundup from RSM about three things going on in the energy industry that we think you should know about. Here’s the latest. … READ MORE >
Industrials
CHART OF THE DAY: Manufacturing remains strong despite labor, supply chain challenges
U.S. manufacturing activity remained robust in January but faced challenges on the labor and supply chain front, according to new data released Monday by the Institute for Supply Management. … READ MORE >
RSM US Manufacturing Outlook Index: Mixed results and a potential pause in the recovery
Sentiment among manufacturers has receded again because of a rapid spread of COVID-19 that has taken a toll on the labor market, consumer demand and the economy. … READ MORE >
Economic recovery drives up raw material prices
As manufacturing activity rebounds, companies are experiencing not just volatility in demand but also in raw material prices, which have been rising. … 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, 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. … READ MORE >
The Biden administration’s suspension on federal drilling permits: an explainer
In line with President Joe Biden’s campaign promises, the U.S. Department of the Interior last week under his new administration suspended approvals of new oil and gas drilling permits and leases across domestic federal lands for 60 days. … READ MORE >
CHART OF THE DAY: Manufacturing upturn strongest since 2014
Driven 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. … READ MORE >
China’s economic power: You may not like it, but you cannot ignore it
China’s importance in global trade continues to grow, and so many countries have become dependent on China that global economies do not have the option of ignoring it. … READ MORE >
CHART OF THE DAY: U.S. manufacturing activity finishes the year strong
The ISM Manufacturing Purchasing Managers’ Index registered 60.7 in December, its eighth straight month of expansion, and 3.2 points above the 57.5 reading in November. … READ MORE >
RSM US Manufacturing Outlook Index remains positive, but within a range
Optimism in the American manufacturing community is poised to continue in the new year, though with some caution attached. It is clear that the risks around the pandemic are rising and we may observe volatility in manufacturing indices until the bottlenecks around vaccine distribution are solved. … READ MORE >