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Manufacturing and Mining Produced in January

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 [...]

2021-02-22T10:10:37-05:00A View|

Manufacturing Activity Grew in January 2021

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 [...]

2021-02-08T10:38:10-05:00A View|

Improvements in Production-Related Indicators

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 [...]

2021-02-01T12:20:14-05:00A View|

Firms Expect Growth Over Next Six Months

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 [...]

2021-01-25T13:45:06-05:00A View|

December Manufacturing PMI 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 [...]

2021-01-11T10:42:11-05:00A View|

Construction Spending Rose in November

Construction Spending Rose in November Total construction spending rose 1.3% in November. Despite ongoing weakness in nonresidential spending, overall construction outlays are up 3.7% over the year, thanks in large part to strengthening residential activity. Texas Manufacturing Expanded for Sixth Consecutive Month The Federal Reserve Bank of Dallas released its Texas Manufacturing Survey and reports [...]

2020-12-04T13:37:25-05:00A View|
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