A Large Punishment for Manufacturers A large punishment for manufacturers is described by the changes in the various subcomponents, per the Institute for Supply Management (ISM), which came in at 61.2 in May. It's a once-in-a-lifetime demand surge but long wait times, supply shortages and staffing challenges are preventing factories from ramping up production. US [...]
Manufacturing Activity Strengthened in May Manufacturing activity strengthened in May, according to the most recent Federal Reserve Bank of Richmond Fifth District Survey of Manufacturing Activity report. All three component indexes-shipments, new orders and employment-reflected growth. The Chicago Fed National Activity Index (CFNAI) Declined in April The Chicago Fed National Activity Index (CFNAI) declined to [...]
Unfilled Orders Increased and New Orders and Shipments Continued to Expand Unfilled orders increased and new orders and shipments continued to expand strongly in May. The Federal Reserve Bank of New York released its Empire State Manufacturing Survey for May 2021 and reports business activity continued to grow at a solid pace in New York State, [...]
US Drill Rigs Running Up 74 from One Year Ago US drill rigs running up 74 from one year ago. There were 448 drill rigs running in the US last week, up 8 rigs from the previous count. Canadian drillers operated 55 rigs last week, up 4 rigs from the previous count which is up 29 [...]
Eleventh Straight Consecutive Month of Growth Notching an eleventh straight consecutive month of growth in the overall economy, economic activity in the manufacturing sector grew in April, say the nation's supply executives in the latest Institute for Supply Management Report on Business. The report was issued by Timothy R. Fiore, CPSM, CPM, Chair of the [...]
Chicago Business Barometer at Highest Level Since December 1983 The Chicago Business Barometer at highest level since December 1983, produced with MNI, accelerated to 72.1 in April. The Barometer is considered to be a leading indicator of the USA economy. Real Gross Domestic Product (GDP) increased at an annual rate of 6.4 percent in the [...]
Chicago Fed National Activity Index Rose in March The Chicago Fed National Activity Index rose to +1.71 in March from -1.20 in February. Led by improvements in, personal consumption and housing related indicators, the index's three-month moving average (CFNAI-MA3) moved up to +0.40 in March. US Raw Steel Production Up 0.5% from Previous Week In [...]
Headline General Business Conditions Index Climbed Nine Points The headline general business conditions index climbed nine points; a multi-year high. That's according to the Federal Reserve Bank of New York Empire State Manufacturing Survey for April, which reports business activity grew strongly in New York State, according to firms responding to the survey. . New [...]
US Raw Steel Production Up 15.7 Percent From Depths of the Covid Recession US raw steel production up 15.7 percent from the depths of the covid recession in the week ending April 3, 2021, when it was 1,766,000 net tons at an ACUR of 77.9 percent. US Drill Rigs Running Up 13 From Prior Week [...]
The Highest Reading in Survey History of 17 Years With the highest reading in survey history of 17 years, the Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey reports the production index, a key measure, surged 28 points. Manufacturing activity expanded at a markedly faster pace in March, according to executives responding to the survey. [...]
