Monday’s eclipse left millions in North America awestruck. It also raised questions about solar electricity generation at times when the sun isn’t shining; the astronomical event temporarily reduced the generation output of solar panels. The eclipse affected Texas in particular, as solar power is often ... READ MORE >
Industrials
Manufacturing sector expands for the first time since September 2022
The manufacturing sector grew faster in March than expected on the heels of strong production activity and new orders, according to the Institute for Supply Management survey released on Monday. The March data, though, should not so much be seen as a sign of strength to come but rather as a catchup ... READ MORE >
RSM US Manufacturing Outlook Index: The Boeing effect takes a toll
The RSM US Manufacturing Outlook Index declined in March to 1.8 standard deviations below the levels of activity that would normally be expected, reflecting sluggish activity across the production sector in general and the problems at Boeing in particular. Only the Philadelphia region offered signs ... READ MORE >
Space companies benefiting from rising demand and focus on efficiency, executives say
During fourth-quarter earnings calls, executives in the space industry discussed three levers they are pulling to create business value—sales, operating efficiency and investment. Quarterly sales expanded in the sector, benefiting from increased global demand. At the same time, companies improved ... READ MORE >
U.S. economy remained resilient in first quarter amid signs of future softening
The American economy continued to show resilience in the first quarter though signs of softening in the future emerged, according to data on durable goods and consumer confidence released Tuesday. In perhaps the most significant development on inflation, housing prices, a sticking point in the ... READ MORE >
Industrial production rises to highest level in three months
Industrial production rebounded in February after a two-month drop likely because of unfavorable winter weather. Overall volume rose by 0.1% on the back of robust manufacturing production, which grew by 0.8% on the month, the Federal Reserve reported on Friday. The total industrial production figure ... READ MORE >
Should the U.S. ban imports of Chinese electric vehicles?
The Biden administration recently ordered an investigation into the national security threat posed by Chinese connected-vehicle technology. The outcome, if taken to an extreme, could result in a ban on the import of Chinese vehicles into the United States. But there is much more driving the ... READ MORE >
Softer economic data helps ease inflation concerns
The softer data in manufacturing activities, construction spending and consumer sentiment at the beginning of the year should alleviate some of the recent concerns regarding the rebound in inflation. The manufacturing sector, as indicated by the ISM manufacturing index, has been in contraction mode for ... READ MORE >
RSM US Manufacturing Outlook Index: Soft sentiment in an uneven recovery
The slowdown in manufacturing continued into February, but at a slower pace, according to surveys conducted by regional Federal Reserve banks. In fact, two of the five regions used in our analysis of regional manufacturing (Philadelphia and Dallas) reported overall positive responses. Three regions ... READ MORE >
Softer economic data reaffirms prospect of a soft landing
The Federal Reserve's restrictive monetary stance showed that it continues to affect the economy in the first two months of the year. In other words, the Fed is getting closer to its goal of achieving a soft landing when the economy cools back down to a sustainable level of growth with inflation under ... READ MORE >