Rebound in durable shipments
A rebound in durable shipments suggests equipment investment will be solid in the first quarter. Durable goods orders came in better than expected in February, but strength was due to aircraft, specifically, and the underlying orders trend remains weak as businesses are hesitant to invest amid increased economic uncertainty. Wells Fargo
Consumer Confidence fell in March
The Conference Board Consumer Confidence Index fell by 7.2 points in March, based on consumers’ assessment of current business and labor market conditions.
Consumer confidence declined for a fourth consecutive month in March, falling below the relatively narrow range that had prevailed since 2022.” Said Stephanie Guichard, Senior Economist, Global Indicators at the Conference Board.
Fifth District Survey of Manufacturing Activity for March 2025 reports manufacturing activity slowed
The Federal Reserve Bank of Richmond released the results of its Fifth District Survey of Manufacturing Activity for March 2025, and reports manufacturing activity slowed, according to those responding to the survey.
US raw steel production down from previous week
In the week ending March 22, 2025 US raw steel production was 1,654,000 net tons at an ACUR of74.3 percent, down 0.8 percent from the previous week ending March 15. Adjusted year-to-date production through March 22, 2025 was 19,171,000 net tons at an ACUR of 74.4 percent.
The Chicago Fed National Activity Index (CFNAI) increased to +0.18 in February from -0.08 in January
The Chicago Fed National Activity Index (CFNAI) increased to +0.18 in February from -0.08 in January. Three of the four broad categories of indicators used to construct the index increased from January and two categories made positive contributions in February. The index’s three-month moving average, CFNAI-MA3, increased to +0.15 in February from +0.07 in January.
Real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the fourth quarter of 2024, according to the third and final estimate by the US Bureau of Economic Analysis.
US drill rigs running up from previous week
There were 593 drill rigs running in the US last week, up one rig from the previous week, down thirty-one rigs from one year ago. Canadian drillers ran 180 rigs last week, down 19 rigs from the previous week, up eleven rigs from one year ago.
News Headlines
Why are liberal Democrats against eliminating waste, fraud and corruption from our government? Does that make any sense to any red-blooded American citizen? Of course you may also wonder; why are they for open borders? Boys in girls’ locker rooms? Biological males competing in women’s sports…and a host of other stupid ideas they attach themselves to…
In my view, this is all nonsense, business people should know that good times are ahead. Stop listening to the left’s propaganda. They bring forth no good ideas, and spending more money is NOT an idea. Their whole purpose is to undermine the Trump administration, but they will not succeed as more and more Americans see the uselessness of the Democratic party. They have swung so far to the left they are in another world, one which is against freedom and liberty.
MAKE AMERICA GREAT AGAIN
“KEEP AMERICA GREAT”
Have a great weekend…. God bless America!
Buy American made products whenever you can, it’s good for you, good for your friends and neighbors and good for our country.
If you are hiring…try to hire a veteran…. they are loyal, disciplined, hardworking…and they deserve our support.
By the way, if you wish to comment on my rants or offer any other insights you may have, you are encouraged to email me.
TEDDY ROOSEVELT ON IMMIGRANTS IN AMERICA…1907
In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag…We have room for but one language here and that is the English language…and we have room for but one sole loyalty and that is a loyalty to the American people.”
