Improvements in Production-Related Indicators Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.52 in December from +0.31 in November. Three of the four broad categories of indicators used to construct the index made positive contributions in December. The index's 3-month moving average (CFNAI-MA3) ticked up to +0.61 in [...]
Firms Expect Growth Over Next Six Months Firms expect growth over the next six months, indicated by the high future index readings in the Federal Reserve Bank of Philadelphia January 2021 Manufacturing Business Outlook Survey. It reports manufacturing activity continued to grow, according to firms responding to the survey. The survey's current indicators for general [...]
US Raw Steel Production Up January 3.6% US raw steel production in the week ending January 9, 2021 was 1,709,000 net tons at an ACUR of 75.4 percent, up 3.6 percent from the previous week. US Drill Rigs Running Up From Prior Week There were 360 drill rigs running in the US last week, up [...]
December Manufacturing PMI Up 3.2% The December Manufacturing PMI up 3.2 percentage points from the November reading, registered 60.7 percent ... the manufacturing economy continued its recovery in December. According to the Institute for Supply Management (ISM) December 2020 ISM Report on Business, economic activity in the manufacturing sector grew in December and the overall [...]
