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Category Archives: MANUFACTURING
DURABLE GOODS ORDERS DECLINE BUT NON-DEFENSE-EX-AIRCRAFT RISE AGAIN
Durable goods stats can be misleading, especially when new aircraft orders plunge by 25.6%. Haver Analytics provides the basic info but make sure to read National Bank Financial Group’s take before putting all your chips on the double dip square. … Continue reading
Posted in ***RECOVERY WATCH, ECONOMY, MANUFACTURING, US economy
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GLOBAL IP BACK TO PRE-RECESSION LEVEL
Global trade flows continue to surge. According to the Dutch Bureau for Economic Policy Analysis, the volume of world trade grew 1.8% in May, the eighth increase in nine months. World trade volume is now only 3% below its peak … Continue reading
June Chicago Fed National Activity Index Declines
Sales and orders keep rising while underlying factors are weakening… Led by deterioration in production- and employment-related indicators, the Chicago Fed National Activity Index declined to –0.63 in June, down from +0.31 in May. Three of the four broad categories … Continue reading
Posted in ***RECOVERY WATCH, ECONOMY, MANUFACTURING, US economy
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EUROPE PMI AND INDUSTRIAL ORDERS SHOW STRENGTH
(…) Markit’s preliminary composite purchasing managers index for the euro zone rose to a three-month high of 56.7 in July from June’s 56, implying a strong start to third-quarter gross-domestic-product growth. The manufacturing PMI for the euro zone rose to … Continue reading
QUICK READS
Housing Market Stalls In major markets across the U.S., home sales are deteriorating, inventories of unsold homes are piling up and builders are scaling back construction plans. (WSJ) Michael Boskin: Obama’s Economic Fish Stories On unemployment, the president claims that … Continue reading
US INDUSTRIAL PRODUCTION UP 0.1% IN JUNE
The recovery in industrial output ground to a halt last month. Overall production ticked up just 0.1 after a little-revised 1.3 May increase. But all of the latest increase was due to hot temperatures and higher utility output. In the … Continue reading
Posted in ***RECOVERY WATCH, ECONOMY, MANUFACTURING, US economy
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PHILLY FED INDEX FALLS AGAIN
The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, decreased from a reading of 8 in June to 5.1 in July. The index, although still positive and suggesting growth, has fallen for two consecutive months. Indexes … Continue reading
Posted in ***RECOVERY WATCH, ECONOMY, MANUFACTURING, US economy
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Industrial production up by 0.9% in euro area
In May 2010, seasonally adjusted industrial production grew by 0.9% MoM in the euro area (EA16) and by 1.0% in the EU27. In April production increased by 0.9% and 0.5% respectively. In May 2010 compared with April 2010, production of … Continue reading
German Manufacturing Orders Fall in May
German manufacturing orders fell 0.5% in May compared with the previous month as fewer big-ticket orders and a decline in demand for metals products weighed, government data showed Wednesday. But economists said the disappointing outcome represents a correction following recent … Continue reading
Fears mount over slowing global demand
(…) Figures showed manufacturing output slowing across large parts of the world, posing further challenges to leading economies as they attempt to shore up shaky fiscal positions without falling back into recession. In Asia – the world’s production powerhouse whose … Continue reading
June ISM Manufacturing Index 56.2 vs 59.7
Manufacturing activity is slowing down marginally. Economic activity in the manufacturing sector expanded in June for the 11th consecutive month, and the overall economy grew for the 14th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM … Continue reading
Posted in ***RECOVERY WATCH, ECONOMY, MANUFACTURING, US economy
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Japanese manufacturers turn optimistic
Large Japanese manufacturers are optimistic about business conditions for the first time in two years, according to the Bank of Japan’s much-watched Tankan survey.(…) The headline diffusion index, which compares the number of large manufacturers reporting positive conditions with those … Continue reading
Posted in Japan economy, MANUFACTURING
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