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 >
Industrials
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 >
June rebound in industrial production may be thwarted by virus resurgence
As more businesses in the United States reopened, U.S. industrial production and manufacturing output grew by 5.4% and 7.2% respectively in June, according to data released Wednesday by the Federal Reserve. The increase marks the second month in a row of growth for these indicators after a massive decline in … … READ MORE >
As cars become increasingly connected, the prevalence of autonomous vehicles will grow
In recent years, auto companies have developed more technologies that enable autonomy for their vehicles. As the number of sensors and technologies in cars has increased, so too has the amount of data available for machine learning algorithms to harness for potential innovation. These data points are sourced from a … … READ MORE >
ISM manufacturing gauge returns to expansion with orders and production improving
The Institute for Supply Management’s monthly index, a closely watched measure of U.S. manufacturing activity, rose 9.5 percentage points in June to 52.6 from the May reading of 43.1, its largest jump in 40 years. Readings above 50 indicate expansion in manufacturing activity. More factories reported growth in orders and … … READ MORE >
The worst may be over for the manufacturing sector, but industry remains cautious
The RSM Manufacturing Outlook Index is reporting a remarkable rebound of sentiment in the U.S. manufacturing industry. But while the worst might be behind us, the index remains slightly negative at nearly 0.3 standard deviations below normal conditions, which suggests that a national recovery has yet to materialize. Moreover, damage … … READ MORE >