While federal employment numbers released Friday show the U.S. manufacturing sector added jobs in May, the sector also continued a gradual softening, according to data released earlier this week by the Institute for Supply Management. … READ MORE >
Industrials
Manufacturing activity slows in May
Softer manufacturing sentiment in May is within our expectations as elevated interest rates continue to weigh on overall goods demand. … READ MORE >
Consumer inflation expectations moderate in May
The University of Michigan reported on Friday that consumer sentiment and inflation expectations improved in the second half of May. … READ MORE >
Soft housing and manufacturing data fuels prospect of rate cut
Economic data on housing, manufacturing and jobs released on Thursday pointed to softer-than-expected economic activity in the second quarter. … READ MORE >
Senior Loan Officer Survey: Progress halts as inflation rebounds in Q1
Progress toward normalized lending practices generally halted in the first quarter as the Federal Reserve turned more hawkish amid the rebound in inflation, according to data in a Fed report announced on Monday. … READ MORE >
Business equipment spending grows in March
The core capital goods shipments rose by 0.2% on a monthly basis, bringing the three-month moving average annualized pace to 2.0%. … READ MORE >
Industrial production rebounds as housing starts plunge
Housing starts dropped by 14.7% to 1.32 million on an annualized rate, the lowest level since last August. … READ MORE >
Texas energy supply during eclipse highlights importance of battery storage
The switch from solar energy to natural gas and coal-fired plants underscored the need to accelerate the connection of battery storage to the power grid to provide power during cloudy conditions. … READ MORE >
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. … READ MORE >
RSM US Manufacturing Outlook Index: The Boeing effect takes a toll
The RSM US Manufacturing Outlook Index declined in March, reflecting sluggish activity across the production sector in general and the problems at Boeing in particular. … READ MORE >