The Real Economy Blog

manufacturing

Chart of the day: Manufacturing sector grows at a slower pace

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The manufacturing sector continued to grow in December, but at a slightly lower rate compared to November, according to data released by the Institute for Supply Management on Tuesday. The data, taken before the full effect of the omicron variant was felt, pointed to the same big picture of healthy demand being hampered by supply chain bottlenecks that ... READ MORE >

What Biden’s $1.2T infrastructure package means for manufacturing and energy

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On Nov. 15, President Biden signed a $1.2 trillion infrastructure package—The Infrastructure Investment and Jobs Act—that provides historic funding levels to improve public works, including roads, bridges, highways, internet access and the power grid, as well as to mitigate the effects of climate change. (The bill does not include funding for social policy, ... READ MORE >

Chart of the day: Manufacturing sector gained as price pressures eased

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The manufacturing sector grew at a slightly higher pace in November than in October as demand for manufactured goods remained robust, according to a new survey of purchasing managers from the Institute for Supply Management on Wednesday. The top-line index registered at 61.1 on the month, up from 60.8 in October, indicating expansion—which is reflected in ... READ MORE >

RSM US Manufacturing Outlook Index: November was a good month

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The RSM US Manufacturing Outlook Index in November reached its highest level since the spring, indicating a sustained economic recovery should the health crisis not get in the way. Despite snarled global supply chains that have made obtaining goods challenging, the domestic manufacturing sector continues to steam ahead. The RSM manufacturing index ... READ MORE >

Manufacturing in Canada at seven-month high

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Canada’s manufacturing output hit a seven-month high in October as domestic and international demand remained strong despite persistent bottlenecks in the global supply chains. The IHS Markit Canada Manufacturing Purchasing Managers' Index rose to 57.7 on the month, up from 57.0 in September, marking the sixteenth consecutive month of growth, according to ... READ MORE >

Chart of the day: U.S. manufacturing remained strong in October

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The U.S. manufacturing sector continued to expand in October as growth remained positive despite supply chain constraints. The Purchasing Managers' Index inched down to 60.8 from 61.1 in September, but still posted the 17th straight month of expansion since April 2020, according to a report from Institute of Supply Management on Monday. A reading above 50 ... READ MORE >

The LIBOR transition could affect manufacturing companies

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Much has been written about what the elimination of the London Interbank Operating Rate (LIBOR)—the global interest rate benchmark—will mean for the financial sector and the resulting need to reset interest rates on trillions of dollars of financial products. The transition away from LIBOR will also impact businesses outside of the financial services ... READ MORE >

This week in energy: Global shortage, Canada fossil fuels, Northam conference hot topics

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In this week's energy industry analysis, we take a look at the continuing global energy crunch, what the increased demand for fossil fuels means for Canada, and highlights from the Northam Energy Capital Assembly conference. Here's the latest. 1. Energy shortage The global energy crunch continued this week and attention turned to China, whose ... READ MORE >

Canada manufacturing sales hit new high amid rising energy demand

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Canada’s manufacturing sales increased by 0.5% to CA$60.3 billion in August, their highest level on record, according to data released by Statistics Canada on Thursday. This growth was mainly driven by high energy demand and prices. August marked the first month of all provinces lifting most COVID-19 restrictions, as the country’s vaccination rate ... READ MORE >

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