After a wild ride, the stock market ended up 1.1 percent this week. A stock market rout continued on Monday with the Dow Industrials down 1,000 points at the open. All signs pointed to China as the main cause; slowing growth, devaluation of the yuan…and finished the day down 588.47 points….what a ride! Chicago Fed [...]
US Oil Prices Dropped US oil prices dropped below $40.00 a barrel Friday as increased drilling, a backup of motor fuels and continuing fears of a weak Chinese economy pushed crude to new lows. US crude is on track for its eight-consecutive weekly loss, the longest losing streak in 29 years. Prices have not fallen [...]
Industrial Production Increased in July Industrial production increased 0.6 percent in July after moving up 0.1 percent in June. In July, manufacturing output advanced 0.8 percent primarily because of an increase in motor vehicle assemblies. The output of motor vehicles and parts jumped 10.6 percent and production elsewhere in manufacturing edged up. The index for [...]
The Institute for Supply Management (ISM) Report on Business for July: Economic activity in the manufacturing sector expanded in July for the 31st consecutive month and the overall economy grew for the 74th consecutive month say the nation’s executives in the latest Manufacturing ISM Report on Business … comments from the panel reflect a combination [...]
The Federal Reserve Bank of Richmond Fifth District: Survey Finds Manufacturing Activity Increased Fifth District manufacturing activity increased moderately in July…shipments and new orders picked up this month and order backlogs also strengthened. Manufacturing employment softened this month and average wages continued to increase at a moderate pace. Prices of raw materials rose more quickly [...]