This has been a durables-led recovery, with employment in the manufacturing sector back to 97% of its pre-pandemic levels. But after a year of rapid growth, there are signs that the buoyancy among manufacturers is ebbing. The RSM US Manufacturing Outlook Index, while still elevated, declined in ... READ MORE >
durable goods
RSM Manufacturing Outlook Index: New orders, sales and sentiment imply economic expansion has begun
If manufacturing were the sole determinant of the business cycle, we might anticipate a quicker assignment to the official end of the 2020-21 recession. For now, we’ll have to settle for increasing confidence in a sustainable recovery as an indication that the economy has entered into expansionary ... READ MORE >
Data deluge: Jobless claims ease to 411,000 as durable goods orders rise 1.1%
First-time jobless claims eased to 411,000 for the week ending June 19, a slight decline from the revised figure of 418,000 for the previous week, according to government data released Thursday. The decline is indicative of what will be a long road to normalization in the pace of firings that ... READ MORE >
CHART OF THE DAY: Surging RSM US Manufacturing Outlook Index implies a robust recovery
For the second month in a row, manufacturers’ optimism surged in April, which implies further acceleration in overall industrial production and manufacturing conditions. This is also the second consecutive month that the RSM US Manufacturing Outlook Index stood at least 2 standard deviations above ... READ MORE >
CHART OF THE DAY: U.S. durable goods orders stall
Orders for long-lasting factory goods decreased for the first time in 10 months in February, according to U.S. Department of Commerce data released on Wednesday. New orders for durable goods fell 1.1% to a seasonally adjusted $254 billion in February, compared with January, while new orders for ... READ MORE >
RSM US Manufacturing Outlook Index: A sustained recovery as rebound takes shape
The outlook for manufacturing in the United States continues to improve, signaling a robust rebound as the post-pandemic economy takes shape. For the seventh consecutive month, the RSM US Manufacturing Outlook Index increased, showing above-normal sentiment. It’s more evidence that the U.S. ... READ MORE >
CHART OF THE DAY: U.S. durable goods orders rise for eighth straight month
Orders for long-lasting factory goods increased in December for the eighth straight month, according to U.S. Department of Commerce data released on Wednesday. New orders for durable goods rose 0.2% to a seasonally adjusted $245.3 billion in December, following an upwardly revised 1.2% gain (previously ... READ MORE >
Pre-holiday data deluge: A November to remember
A series of economic reports released on Wednesday captured the cross currents in the American economy: Jobless claims increase First-time jobless claims rose for the second consecutive week, with the top line increasing to 778,000 for the week ending Nov. 21, up from 742,000 previously, according to ... READ MORE >
CHART OF THE DAY: Durable goods orders rise for fifth straight month
Orders for long-lasting factory goods increased for the fifth consecutive month in September, according to Commerce Department data released on Tuesday. New orders for durable goods rose 1.9% in September compared with August, with new orders for nondefense capital goods excluding aircraft and parts — a ... READ MORE >
CHART OF THE DAY: Growth in durable goods orders slowed in August
New orders for manufactured 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. New durable goods orders were up 0.4% to $232.8 billion last month, falling short of expectations and ... READ MORE >