The Chicago Fed National Activity Index (CFNAI), as of Monday (3/24) Led by improvements in production related indicators, the CFNAI increased to +0.14 in February from -0.45 in January. The index’s three month moving average (CFNAI-MA3) decreased to -0.18 in February from +0.02 in January marking its first reading below zero in six months. February’s CFNAI-MA3 [...]
New Orders for manufactured durable goods in December decreased by 4.3 percent. The decrease, down two of the last three months, followed a 2.6 percent November increase. Shipments of manufactured durable goods in December, decreased 1.9 percent following four consecutive monthly increases. Unfilled orders for manufactured durable goods in December, up ten of the last [...]
Monday 9/23/13:The Chicago Fed National Activity Index (CFNAI) It came in with an increase to +0.14 in August from -0.43 in July. Nice news. The index’s 3 month moving average (cfnai-ma3) increased to -0.18 in august from -0.24 in July, marking its sixth consecutive reading below zero. Augusts’ CFNAI-MA3 suggests economic activity was below its [...]
A little late on this but the American Iron & Steel Institute (AISI) reported on 7/23: US raw steel production increased 1.2 percent the week of July 15 as mills operated at an average capability utilization rate (ACUR) of 79.5 percent, the highest production level since mid-May. In the corresponding week last year mills operated at [...]
The Institute for Supply Management June Report on Business Economic activity in the manufacturing sector expanded in June following one month of contraction, and the overall economy grew for the 49th consecutive month. The Purchasing Manager Index (PMI) registered 50.9 percent; an increase of 1.9 percentage points from May’s reading of 49 percent, indicating expansion [...]
Led by improvements in production related indicators, the Chicago Fed National Activity Index (CFNAI) increased to -0.30 in May from 0-0.52 in April. The index’s 3 month moving average, CFNAI-MA3, decreased to -0.43 in May from -0.13 in April, marking the third consecutive reading below zero and its lowest level since October 2012. May’s CFNAI-MA3 [...]
declines in production related indicators The Chicago Fed National Activity Index (CFNAI) decreased to -0.53 in April from -0.23 in March. The index’s 3 month moving average CFNAI-A3 ticked up to -0.04 in April from -0.05 in March. April’s CFNAI-MA3 suggests that growth in national economic activity was very near its historical trend. The economic [...]
Led by declines in production and employment related indicators, the Chicago Fed National Activity Index (CFNAI) decreased to -0.23 in March from +0.76 in February. Three of the four broad categories of indicators that make up the index decreased from February. The index’s 3 month moving average, CFNAI-MA3 decreased to -0.01 in March from +0.12 [...]
A few headlines from the Metals Service Center Institute North American Manufacturing Advocacy News 01/07/2013: “Last week we noted that the fiscal cliff deal reached by the U.S. Congress late on New Year’s Day would not do anything to address the country’s long-term budget problems or the complexity of the federal tax code. As analysis [...]
There was not much in the way of economic news this week, however, Dr. Ken Mayland, writing for the Precision Machined Products Association gave his take on some relevant numbers: "Durable goods orders from November rose 0.7%. This came atop a 1.1% October advance (revised higher). Increases in September October and now November, however, have [...]