U.S. orders for durable goods increased for a fourth consecutive month in August, but growth was smaller compared to July, according to data released Friday by the U.S. Census Bureau. … READ MORE >
Industrials
CHART OF THE DAY: Manufacturers signaled acceleration in September
Manufacturers in September reported the fastest improvement in operating conditions since January 2019, according to the U.S. manufacturing purchasing managers’ index released by IHS Markit on Wednesday. … READ MORE >
CHART OF THE DAY: U.S. industrial production expansion was smaller than expected in August
After three months of sharp increases, U.S. industrial production growth was smaller than expected in August, according to a Federal Reserve report released Tuesday. … READ MORE >
Oil prices show unprecedented volatility in 2020, and a path to recovery remains uncertain
The unprecedented imbalance the oil market has experienced for much of 2020 has garnered extraordinary responses from both oil producers and policymakers. Oil and gas companies have been forced to reposition themselves during the downturn in order to prepare for a comeback. … READ MORE >
U.S. manufacturing expanded in August at highest level since Q4 2018
U.S. manufacturing activity continued its expansion in August, according to Institute for Supply Management data released Tuesday, with 15 of the 18 manufacturing industries included in the data reporting growth. … READ MORE >
CHART OF THE DAY: Does a rise in total rig count signal oil and gas recovery? Too soon to tell
Total U.S. rig count, a leading indicator of U.S. oil and gas production, is up for the first time since the price collapse that began in early March of this year. But it’s too soon to tell if oil and gas production is set to recover. … READ MORE >
CHART OF THE DAY: U.S. durable goods orders accelerate on the back of strong auto demand
This uptick further bolsters the belief that manufacturing activity will help lead the U.S. economic recovery. … READ MORE >
CHART OF THE DAY: U.S. IHS Markit August manufacturing PMI reaches highest point since early 2019
According to data released by IHS Markit, manufacturers noted improvement in operating conditions midway through the third quarter, as highlighted by the IHS Markit Flash U.S. Manufacturing Purchasing Managers’ Index. The upturn, the fourth straight monthly advance, was driven by quicker expansions in output and new orders. … READ MORE >
CHART OF THE DAY: Auto inventory slump may be sign of upcoming sales strength
Auto sales have accelerated over the past three months, with July U.S. new vehicle sales hitting their highest point since mid-January according to data compiled by Ward’s Automotive Group. … READ MORE >
ISM manufacturing gauge hits highest level since March 2019, but recovery is still a long way off
The Institute for Supply Management index, a closely watched measure of U.S. manufacturing activity, rose 1.6 points to 54.2 in July from 52.6 in the previous month, surpassing market expectations of 53.6. … READ MORE >