Contraction in New Orders Affects Manufacturing Index A contraction in new orders led the manufacturing index to slide to its lowest level in two years, according to the Institute for Supply Management (ISM). Details of the report demonstrate slower activity in the manufacturing sector along with supply problems which appear to be easing. US Raw [...]
Celebrate Independence Day This weekend we celebrate Independence Day. This weekend, honor your country, proudly raise our Flag, teach your children the greatness of what America can and should be-as she was for centuries, a beacon of freedom for so many people. Please take some time to reflect on what that means because I fear [...]
US LEI fell again in May The US LEI fell again in May, fueled by tumbling stock prices, a slowdown in housing construction, and gloomier consumer expectations,” said Ataman Ozyildirim, Senior Director of economic Research at the Conference Board. “The index is still near a historic high, but the US LEI suggests weaker economic activity [...]
Texas Production Index Signals Acceleration in May 2022 The Texas production index signals acceleration in growth from April. The index, a key measure of state manufacturing conditions, rose from 10.8 to 18.8. The Federal Reserve Bank of Dallas May 2022 Texas Manufacturing Outlook Survey reports Texas factory activity expanded at a fairly robust pace in May, [...]
Manufacturing Activity Expands Overall Manufacturing activity expands overall according to the Federal Reserve Bank of Philadelphia May 2022 Manufacturing Business Outlook Survey. It reports manufacturing activity in the region continued to expand overall this month, according to firms responding to the survey. The current general activity index declined, while the indicators for new orders and [...]
We have a lot of room to kill inflation We have a lot of room to kill inflation. On Wednesday the Federal Reserve Bank raised interest rates by one-half point bringing the cost of money for car loans, mortgages etc. to 0.75%. US Raw Steel Production Down from Previous Week In the week ending April [...]
Durable Goods Orders Rose in March Durable goods orders rose in March after a sharp decline at the end of winter. Excluding defense, orders of durable goods rose 1.2% Real GDP DECREASED in Q1 2022 Real gross domestic Product (GDP) DECREASED at an annualized rate of 1.4 percent in Q1 2022, following a pandemic related [...]
Consumer Confidence Increased Slightly in March Consumer confidence increased slightly in March, according to the Conference Board Consumer Confidence Index, after a decrease in February. LEI Increased 1.9 Percent from September 2021 to March 2022 The Conference Board Leading Economic Index (LEI) for the US increased 0.3 percent in March, following a 0.6 percent increase [...]
Small businesses increasingly pessimistic about the economic outlook and future business conditions. Small businesses increasingly pessimistic about the economic outlook and future business conditions. The National Federation of Independent Business (NFIB) Small Business Optimism Index declined in March from February. US Raw Steel Production Up from Previous Week In the week ending April 9, 2022, [...]
673 US Drill Rigs Running, Up 243 from One Year Ago 673 drill rigs running in the US last week, up 3 rigs from the prior count, were up 243 rigs from one year ago. Meanwhile, Canadian drillers shut down 16 rigs, to 124 which is up 55 rigs from one year ago. US Raw Steel [...]
