The Federal Reserve’s latest survey of bank lending officers confirms that the dampening effect of monetary-policy tightening on borrowing and lending continued in the second quarter. … READ MORE >
Industrials
RSM US Manufacturing Outlook Index: A continued decline in July
The RSM US Manufacturing Outlook Index slipped back to 1.8 standard deviations below normal, the 15th consecutive month of negative values. … READ MORE >
New data points to further economic slowdown and disinflation
Job openings fell to 9.58 million in June, the lowest since April 2021, according to government data released on Tuesday. … READ MORE >
Business orders for equipment rise despite higher borrowing costs
New orders for core capital goods, a proxy for business investment, came in higher than forecast in June, rising by 0.2%, the Commerce Department reported on Thursday. … READ MORE >
Surging manufacturing construction: Industrial policy and U.S. semiconductors
A confluence of events triggered by supply chain disruptions, global security tensions and a changing political landscape has resulted in a boom in manufacturing construction. Call it the return of industrial policy. … READ MORE >
Mixed signals from retail sales and industrial production data ahead of Fed meeting
Underlying retail sales showed a strong increase in June while industrial production posted another sharp drop, giving mixed signals on the health of the economy heading toward a pivotal period for rate hike decisions. … READ MORE >
Manufacturing sector gained jobs in June, labor shortage remained
Even with the job growth in June, the softening in the manufacturing job market has continued since November as the sector adapts to the slowdown in overall manufacturing activity. … READ MORE >
This week in energy: Summer brings the heat; clean energy investment on the rise
This week we look at weaknesses in the existing energy grid, the case for improved natural gas infrastructure and the rise in clean energy investment. … READ MORE >
RSM US Manufacturing Outlook Index: Slowdown continues
Manufacturers across much of the U.S. reported slowing activity in June. The RSM US Manufacturing Outlook Index remained 1.7 standard deviations below normal, the 14th consecutive month of negative values. … READ MORE >
Business equipment spending rises for the second straight month
Despite May’s top-line upside surprises in the durable goods report, our forecast for GDP growth in the second quarter stays at 1.8%. … READ MORE >