Overall Economy Grew for the 90th Consecutive Month
The Institute for Supply Management (ISM) released its November Report on Business: economic activity in the manufacturing sector expanded in November and the overall economy grew for the 90th consecutive month, say the nation’s supply executives in the latest report.
The November PMI registered 53.2 percent, an increase of 1.3 percentage points from October.”
Chicago Business Barometer Highest Since January 2015
The Chicago Business Barometer rose 7 points to 57.6 in November, the highest since January 2015. Four of the five Barometer components rose with only Employment falling.
Midwest Economy Index Rose
The Midwest Economy Index (MEI) rose in October from September. October’s value for the relative MEI indicates that Midwest economic growth was somewhat higher than what would typically be suggested by the growth rate of the national economy.
Manufacturing Activity Expanded in November
The Federal Reserve Bank of Richmond released its Fifth District Manufacturing Survey and reports activity expanded in November after a three month contraction. New orders increased, shipments remained flat and hiring activity continued to strengthen.
US Raw Steel Production Pulled Back
U S raw steel production pulled back 0.5 percent last week as mills operated at an ACUR of 67.4 percent. In the corresponding week last year mills operated at an ACUR of 62.7 percent. Thus far this year mills have produced prox 80,000,000 tons compared to prox 81,000,000 tons produced in the like period last year.
Fidel Castro died over the weekend…big deal, he was a piece of shit and so is his brother Raul. Average monthly pay in Cuba…$20.00. A lot of good he did for his people since the late 1950’s. Good riddance.
Details are not yet clear but a Somali Muslim student at Ohio State University went on a rampage on campus Monday. Students were wounded but the creep was shot dead by a campus security officer. Burn in hell fella. How about some EXTREME vetting for people from known hotbeds of radicalism before we let them into our country?
The left has kept Nancy Pelosi as its minority leader and the moron who is in line to head the DNC (I can’t recall his name) just shows us that they have learned no lessons from the ass kicking they took on November 8. The “Democrat” party is lost in their status quo and the American electorate knows it. They have not been the party of the people for some time. Buckle up folks, help is on the way, in a “yuge” way as President Trump would say. He WILL make America great again!
As is my usual status this time in December, I am vacationing in Cabo San Lucas, my views are mostly of the Pacific Ocean and her mesmerizing beauty, so unless something tragic occurs or some idiot on the left says or does something to piss me off, I will just report the economic data I see relevant to advise you of. Have a great weekend!