Led by gains in employment and production related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.60 in November from -0.07 in October. Topping a historical trend The index’s three month moving average (CFNAI-MA3) increased to +0.25 in November from +0.12 in October, marking its second consecutive reading above zero and its highest [...]
Industrial production soared in November 1.1 percent higher. Manufacturing output rose 0.6 percent in November, 2.9 percent year over year. October output was revised 0.2 percentage point. According to Dr. Kenneth Mayland, economist for the Precision Machined Products Association, This is the best two month gain in industrial output since early 2012 (for manufacturing, it's [...]
The House and Senate this week announced a budget deal that would avert a government shutdown and bring a rare dose of stability to Congress's fiscal policy making over the next two years. WSJ 12/10/13 It is a step in the right direction and hopefully the beginning of getting a handle on the spending problem [...]
This being early December I am once again in Cabo San Lucas to re-charge for the coming year. I was reviewing a paper from the Precision Machined Products Association quarterly economic report from the Institute of Trend Research. They are forecasting (for the major industries relevant to its industry) strength through the first half of [...]