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US Manufacturers’ Economic Optimism Hit Historic High

US Manufacturers’ Economic Optimism Hit Historic High US manufacturers’ economic optimism hit historic high at 94.6 percent in Q4 of 2017, the highest rate ever recorded in the survey’s 20 year history, according to The National Association of Manufacturers (NAM) report. US Drill Rigs Running Rose Last Week The number of drill rigs running in the [...]

2017-12-15T18:12:52+00:00

Production Index Increased 2.9 Percent

Overall Economy Grew for 102nd Consecutive Month and Production Index Increased 2.9 Percent The November PMI decreased 0.5 percent from October. The New Orders Index increased 0.6%. The Production Index increased 2.9 percent. Of the 18 manufacturing industries, 14 reported growth in November." The Institute for Supply Management (ISM) released its November 2017 Manufacturing ISM Report on [...]

2017-12-11T18:08:37+00:00

Consumer Confidence Index Surged

Consumer Confidence Index Surged to its Highest Level in 17 Years Consumer confidence index surged to its highest level in 17 years. Consensus was expecting a slight decline for the month of November. The Index was also revised upward for October. I hope very one enjoyed their Thanksgiving Holiday...time to get back to business... Highlights [...]

2017-12-01T15:24:48+00:00

Optimistic About Future Business Conditions

Optimistic About Future Business Conditions The Federal Reserve Bank of New York released its Empire State Manufacturing survey for the month of November 2017 and reports business activity continues to grow strongly in New York State. Indexes assessing the six month outlook suggested that firms were very optimistic about future business conditions. US Raw Steel [...]

2017-11-21T15:02:20+00:00

Strong Labor Market Demand

Trending: Strong Labor Market Demand, Elevated Small Business Confidence Happens every month around this time: “this week’s economic release calendar was barren compared to last week’s jam-packed schedule, however, the data released largely confirmed the trends of strong labor market demand, elevated small business confidence behind regulation rollbacks, and credit growth continuing its steady growth [...]

2017-11-21T14:37:37+00:00

Texas Business Activity Index Highest Since 2006

Texas Business Activity Index Highest Since 2006 The Federal Reserve Bank of Dallas released its October Texas Manufacturing Outlook Survey and reports Texas factory activity expanded at a faster pace in October, according to business executives responding to the survey. The production index rose to its highest reading since April 2014. The general Texas business [...]

2017-11-21T15:00:53+00:00

Caterpillar Sales and Profit Forecast Raised

Caterpillar Sales and Profit Forecast Raised Caterpillar sales and profit forecast raised as demand for construction and mining equipment has grown. WSJ Real Gross Domestic Product (GDP) Increased at an Annual Rate of 3.0 Percent Real Gross Domestic Product (GDP) increased at an annual rate of 3.0 percent in the third quarter of 2017, according [...]

2017-11-20T16:42:27+00:00