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. … READ MORE >
Industrials
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 … … READ MORE >
Container crunch pushes shipping rates to record highs
Surging demand for Asian imports and a shortage of containers are congesting U.S. ports, causing headaches for companies importing from Asia, skyrocketing shipping rates and surging purchase prices for containers. … 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. … READ MORE >
What’s the latest in U.S.-China trade?
The Regional Comprehensive Economic Partnership is one of the latest developments in the ongoing battle for economic dominance between China and the United States. … 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 the consensus. … READ MORE >
CHART OF THE DAY: Darkness before the dawn in global auto manufacturing
Global auto production has declined 32% on a year-ago basis largely because of the combined impact of the global trade war and pandemic. But as dour that reality is, there are signs that the disruptions to global supply chains will be lifted. … READ MORE >
CHART OF THE DAY: U.S. manufacturing expanded at fastest pace since 2018, ISM reports
U.S. 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. … READ MORE >
RSM US Manufacturing Outlook Index breaks above 2018-20 downtrend
A rebound in manufacturing sentiment implies that the domestic economy is moving briskly back toward recovery. For this reason, we expect that the October Institute for Supply Management manufacturing index will reflect a modest improvement in overall sentiment and another month of robust new orders. … READ MORE >
CHART OF THE DAY: Markets prepare for favorable clean energy policies
Joe Biden’s clean energy plan has recently been a point of focus. And the prospect of a Biden victory in the presidential election has spurred a rise in stocks set to benefit from his proposed $2 trillion package. … READ MORE >