Year-Over-Year Real GDP Growth Forecast Year-over-year real GDP growth forecast by the Conference Board is 6.6 percent for 2021 and a healthy 3.8 percent for 2022. The Conference Board Leading Economic Index (LEI) for the US increased by 0.7 percent in June. June’s gain in the US LEI was broad-based and, despite negative contributions [...]
New York Business Activity Grew at a Record-Setting Pace New York business activity grew at a record-setting pace in July. The Federal Reserve Bank of New York's Empire State Manufacturing Survey for July 2021 reports the state's outstanding growth, according to firms responding to the survey. The headline general business conditions index shot up 26 [...]
US Drill Rigs Running Up 212 From a Year Ago US drill rigs running up 212 from one year ago. There were 475 drill rigs running in the US last week, up 5 rigs from the previous week. Canadian drillers added 10 rigs to 136, up 118 rigs from 1 year ago. US Raw Steel [...]
US Economy Added 850000 Jobs June 2021 The US economy added 850,000 jobs in June and the jobless rate was 5.9 percent. Overall Economy Grew for 13th Consecutive Month The Institute for Supply Management (ISM) released its June 2021 Manufacturing ISM Report on Business and reports economic activity in the manufacturing sector grew in June, [...]
US Drill Rigs Running Up 204 Rigs from One Year Ago Up 204 rigs from one year ago, there were 470 drill rigs running in the US last week, up 9 rigs from the previous week. Meanwhile, Canadian drillers added 24 rigs to total 117 in operation, up 100 rigs from one year ago. The [...]
Manufacturing Business Outlook Indicators Remain Elevated Manufacturing business outlook indicators remain elevated, according to the Federal Reserve Bank of Philadelphia Manufacturing Business Outlook Survey for June 2021. It reports manufacturing activity continued to grow, according to firms responding to the survey. The survey's indicators for general activity, new orders and shipments remain at elevated levels. [...]
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 [...]
