Despite disruption to global supply chains and increasing delivery times, orders for durable goods increased again in June, the 13th month of increases out of the past 14 months, according to Commerce Department data released on Tuesday. This is confirmation of a recovery for the sector and the end ... READ MORE >
RSM US Manufacturing Outlook Index
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 >
CHART OF THE DAY: Manufacturing sentiment remains high as global supply chain constraints cap growth expectations
Surveys carried out by four of the six regional central banks reported elevated manufacturing conditions, though there was some slippage from the lofty levels of the previous month. Rising prices and supply chain bottlenecks were the most likely reasons for the moderation of sentiment, providing ... 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: Rational exuberance and the RSM US Manufacturing Outlook Index
The manufacturing sector is signaling extreme confidence in a rapid end to the pandemic-induced economic shutdown and to the global manufacturing recession that preceded it. From our vantage point, this reaffirms our robust growth outlook of a 7.2% economic expansion for this year and our ... 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 >
RSM US Manufacturing Outlook Index: Mixed results and a potential pause in the recovery
Sentiment among American manufacturers has receded again because of the rapid spread of COVID-19 that has taken a toll on the labor market, consumer demand and the economy. Since bottoming out in April and then bouncing back by October, the RSM US Manufacturing Outlook Index is showing signs of ... READ MORE >
RSM US Manufacturing Outlook Index remains positive, but within a range
Optimism in the American manufacturing community is poised to continue in the new year, though with some caution attached. It is clear that the risks around the pandemic are rising and we may observe volatility in manufacturing indices until the bottlenecks around vaccine distribution are solved. The ... READ MORE >
CHART OF THE DAY: Manufacturing expansion continues in November
U.S. manufacturing activity continued its expansion in November, according to the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index. The index registered 57.5 in November, its seventh straight month of expansion, but was 1.8 points below the 59.3 reading in October. A reading ... READ MORE >
RSM US Manufacturing Outlook Index indicates tempered growth
The RSM US Manufacturing Outlook Index is starting to show cracks in the optimism of the past few months as the economy decelerates and the pandemic intensifies. We expect the November ISM Manufacturing index, to be released Tuesday, to show slower growth with a top-line reading near 58.0. All ... READ MORE >