December Manufacturing PMI Up

December Manufacturing PMI Up 3.2% The December Manufacturing PMI up 3.2 percentage points from the November reading, registered 60.7 percent ... the manufacturing economy continued its recovery in December.  According to the Institute for Supply Management (ISM) December 2020 ISM Report on Business, economic activity in the manufacturing sector grew in December and the overall [...]

2021-01-11T10:42:11-05:00A View|

Re-Openings Inspiring Confidence

Re-Openings Inspiring Confidence Re-openings inspiring confidence is reflected in the National Federation of Independent Business (NFIB) Small Business Optimism index, which rose 3.8 points in September. Overall confidence and hiring appear to be benefitting from re-openings finally getting underway in some of the nation's largest states. Consumer sentiment continued to improve in October, in the [...]

2020-10-27T12:00:17-04:00A View|

The Longest Bull Market Ended Wednesday

The Longest Bull Market Ended Wednesday The longest bull market ended Wednesday as the Dow retreated 20% from its February high, which could also mean an end to the economic expansion we have enjoyed for over 10 years. Time will tell on that one. Small Business Optimism Index Rose in February The National Federation of [...]

2020-03-19T14:54:45-04:00A View|

Texas Manufacturing Activity Accelerated in February 2020

Texas Manufacturing Activity Accelerated in February 2020 Texas manufacturing activity accelerated, according to the Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey for February 2020, according to executives responding to the survey. The Production Index, a key measure of state manufacturing conditions, rose by 6 points, suggesting stronger output growth than in January. Other [...]

2020-03-19T14:28:08-04:00A View|

Unemployment Rate Hovering at a Fifty-Year Low

Unemployment Rate Hovering at a Fifty -Year Low With the unemployment rate hovering at a fifty -year low, it leaves 500,000 US factory jobs unfilled, the most in nearly two decades, according to the Labor Department. Manufacturers are paying relocation costs and bonuses to move new hires across the country at a time of record-low [...]

2020-01-23T19:01:38-05:00A View|

Chicago Business Barometer Four-Month High

Welcome to 2020! Chicago Business Barometer Four-Month High In December The Chicago Business Barometer four-month high reached 48.9 after rising 2.6 points in December . Business sentiment dropped to its lowest reading since Q2 2009 and the index was below the 50-mark for the second consecutive quarter. Among the five main categories, Supplier Deliveries and [...]

2020-01-10T19:39:33-05:00A View|

Housing Starts Rose in November

Housing Starts Rose in November Single family housing starts rose 2.4% in November, multi-family starts by 4.9% and overall building permits rose 1.4%. Wells Fargo November existing home sales declined 1.7% in November but are still up 2.7% over the year. Sales should continue to improve with support from lower mortgage rates though inventory shortages [...]

2020-01-02T22:03:36-05:00A View|

US Manufacturing Output Rebounded

US Manufacturing Output Rebounded US manufacturing output rebounded more than expected in November, as the end of an almost six-week long strike at General Motors plants boosted auto production. The Federal Reserve said on Tuesday that manufacturing production rose 1.1% last month after a downwardly revised 0.7% fall in October. Industrial output also rose 1.1% [...]

2020-01-02T21:43:49-05:00A View|
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