Leading Economic Index Jumped 0.5% in January The Conference Board Leading Economic Index jumped 0.5% in January, beating consensus estimates. Led by improvements in personal consumption-related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.66 in January from +0.41 in December. All four broad categories of indicators used to construct the index made [...]
Manufacturing and Mining Produced a Solid Outturn for Industrial Production Manufacturing and mining produced a solid outturn for industrial production in January. Looking ahead, we already expected a short-term air pocket before production turns sharply higher later this year. Wells Fargo February Manufacturing Business Outlook Survey Reports Continued Growth The Federal Reserve Bank of Philadelphia [...]
US Drill Rigs Ups and Downs US drill rigs ups and downs: there were 392 drill rigs running in the US last week, up 8 rigs from the prior week, down 398 rigs from one year ago. Canadian drilling dropped by 3 rigs to 171, down 86 rigs from one year ago. US Raw Steel [...]
Manufacturing Activity Grew in January 2021 Manufacturing activity grew, according to The Institute for Supply Management (ISM) Report on Business for January 2021 and reports and the overall economy grew for the eighth consecutive month, per the nation's supply executives. The report was issued on Monday by Timothy R. Fiore, CPSM, CPM, Chair of the [...]
