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, [...]
Notable Pop in Motor Vehicle and Parts Production Friday's 1.1 percent jump in industrial production is an indication of the long-awaited convergence of recently more upbeat survey data. All major categories were higher as well, notable was the 3.9 percent pop in motor vehicle and parts production. US Raw Steel Production Increased US raw steel production [...]
The Empire State Manufacturing Survey for January Shows Business Activity Declined at the Fastest Pace Since 2008 The report indicates that New York manufacturers' business activity declined at the fastest pace since 2008…The Great Recession. The new orders and shipments indexes plummeted, indicating a steep decline in both orders and shipments. US Raw Steel Production Rose US raw [...]
The Federal Reserve, on Thursday, left short-term interest rates unchanged. The Conference Board Leading Economic Index The US Leading Economic Index (LEI) for the US increased 0.1 percent following no change in July and a 0.6 percent June increase.” The US LEI suggests economic growth will remain moderate into the New Year, with little reason [...]
