Fifth District Survey of Manufacturing Activity for July Improved The Federal Reserve Bank of Richmond released its Fifth District Survey of Manufacturing Activity for July and reports manufacturing activity improved in the month. New orders and shipments increased this month while backlogs flattened. Texas Manufacturing Outlook Survey for July Held Steady The Federal Reserve Bank [...]
US LEI Increased 0.3% in June The Conference Board Leading Economic Index was released on Thursday and reports the LEI increased 0.3 percent in June following a 0.2 percent decline in May and a 0.5 percent increase in April. The US LEI increased in June, reversing its May decline. Improvements in initial claims for unemployment insurance, [...]
Industrial production increased 0.6 percent in June Industrial production increased 0.6 percent in June after declining 0.3 percent in May. For the 2nd quarter as a whole, industrial production fell at an annual rate of 1.0 percent, its third consecutive quarterly decline. Capacity utilization for the industrial sector increased 0.5 percentage point in June to [...]
New Orders for Manufactured Goods Down in May 2016 Manufactured Goods Shipments, Inventories and Orders for May 2016 per The US Department of Commerce Full Report New orders for manufactured goods in May were down 1.0 percent following two consecutive monthly increases. Shipments of manufactured goods, up three consecutive months, were virtually unchanged in May. Inventories [...]
Overall Economy Grew for 84th Consecutive Month The Institute for Supply Management (ISM) released its May Manufacturing Report on Business and reports economic activity in the manufacturing sector expanded in May for the third consecutive month while the overall economy grew for 84th consecutive month. The report was issued 7/1/16 by Bradley J. Holcomb, CPSM, [...]