Tag Archives: manufacturing
Industrial production slipped another 0.6% in November with unusually mild winter weather adding to the toll the manufacturing sector has already been experiencing in the face of a strong dollar and an overhang of inventories. Production at utilities plants plummeted
The Institute for Supply Management (ISM) index dropped to 48.6% in November, affirming other evidence that the manufacturing sector is now in a contraction. Losses were fairly broad-based with the exception of employment, which moved back above the 50% threshold in November.
Durable goods orders jumped a more-than-expected 3% in October, buoyed by a surge in aircraft orders for Boeing at the Dubai air show. Moreover, orders were revised up for the month of September. Nondefense and ex-aircraft orders, which more closely correlate with direct business investment, increased
Industrial production dropped a more-than-expected 0.2% in October. All of that weakness, however, can be attributed to sharp declines in utilities and mining. Milder-than-usual autumn weather pushed down utilities, while mining and extraction continued to suffer from low prices at the gas pump.
Payroll employment is expected to rise by 165,000 in October, a little better than September but still well below the almost 200,000 per month average for the last year. Private payrolls are expected to rise by 150,000. Hiring for workers needed to assemble and deliver packages for the holiday season is expected to be a [...]
Construction spending rose 0.6% in September, a little more than expected. Gains in multifamily construction in particular continued to substantially outpace gains in the single-family market. We also saw solid gains at auto dealers, which is not surprising given the recent surge in sales,
Durable goods orders fell for the second month in a row, largely in response to a downdraft in the volatile aircraft component. Losses were broad-based with the exception of the vehicle sector.
Industrial production fell 02% in September, while revisions for July and August essentially offset each other.
We are looking for non-farm payrolls to come in at 220,000 with upward revisions to August, which is a notoriously volatile month. Private payrolls are expected to increase by 215,000 with strong gains once again in health care.
The ISM index of manufacturing activity slowed to 50.2 in September, which suggests that overall manufacturing activity is still expanding but only slightly.