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. [...]
US Raw Steel Production Up from One Year Ago US raw steel production up from last year, in the week ending March 20, 2021. US raw steel production was 1,753,000 net tons at an ACUR of 77.3 percent, u p0.7 percent from a year ago. Fifth District Manufacturing Activity Expanded in March The Federal Reserve [...]
Business Grew Solidly in March 2021 Business grew solidly in March, according to The Federal Reserve Bank of New York Empire State Manufacturing Survey of firms responding to the March survey. The headline general business conditions index climbed 5 points, its highest level since last summer. New orders increased modestly; shipments were up substantially. New [...]
US Raw Steel Production Increased 0.3 Percent US raw steel production increased 0.3 percent in the week ending March 6, 2021. It was 1,755,000 net tons at an ACUR of 77.4 percent, this is a 0.3 percent increase from the prior week. US Drill Rigs Running Up One from Prior Week There were 403 drill [...]
Unemployment Rate Edged Down to 6.2% The unemployment rate edged down to 6.2% as the US economy added 379,000 jobs in February. Manufacturing Sector Grew in February The Institute for Supply Management (ISM) released its Manufacturing Report on Business and reports economic activity in the manufacturing sector grew in February, with the overall economy notching [...]
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 [...]
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 [...]
