Chicago Fed National Activity Index (CFNAI) Reports Improvements in Production-related Indicators We begin the week with the release of the Chicago Fed National Activity Index (CFNAI) which reports that improvements in production-related indicators the CFNAI rose to +0.49 in April from +0.07 in March. Two of the four broad categories of indicators that make up [...]
April Increased Industrial Production for Largest Gain in 3 Years April increased industrial production 1 percent, despite mixed signals from survey data. The latest report on the industrial sector suggest broad firming in manufacturing activity as industrial production increased, yielding the largest gain in three years and more than double the 0.4 percent increase that [...]
Drilling Activity Last Week Reached Its Highest Level Since August 2015 The number of drill rigs running in the USA continued to rise last week, gaining by seven. The increase was led by Texas (up 6) and pushed drilling activity to the highest level since the same total was reached August 28, 2015. Meanwhile Canadian [...]
Manufacturing Sector Expanded in April and Overall Economy Grew We begin this week’s economic news with the release of the Institute for Supply Management’s (ISM) Report on Business for the Month of April 2017: Economic activity in the manufacturing sector expanded in April and the overall economy grew for the 95th consecutive month, say the [...]