Consumer Spending Bounced Back in January January retail sales showed that consumer spending bounced back in January but not enough to offset a weak December. Wells Fargo Small Businesses Remain Upbeat About Economy The National Federation of Independent Business (NFIB) Small Business Optimism Index stabilized and rose in February. With the government shutdown in the [...]
Non-Manufacturing Index Bounced Back 3 Points The Institute for Supply Management (ISM) Non-Manufacturing Index bounced back three points in February. The stronger-than-expected reading suggests that the service sector continues to expand at a solid rate. Wells Fargo New Home Sales Rose in December New home sales rose in December although downward revisions to the data [...]
MNI Chicago Business Barometer Hit Highest Point Since December 2017 The February 2019 MNI Chicago Business Barometer hit highest point since December 2017, rising by 8 points to 64.7. Optimism returned, with most Barometer components back at December 2018's level after a dip in January, indicating temporary factors at play in January (i.e... the government [...]
February 2019 Manufacturing Business Outlook Survey Reports Negative Indicators The Federal Reserve Bank of Philadelphia February 2019 Manufacturing Business Outlook Survey reports negative indicators for general activity, new orders and shipments but the indicator for employment remained positive. The index for current manufacturing activity in the region decreased from its January positive reading, falling into [...]
Optimistic Future Conditions Suggested Fairly optimistic future conditions are suggested by indexes assessing the six-month outlook which improved noticeably, after slumping in January. The Federal Reserve Bank of New York Empire State Manufacturing Survey for February 2019 Reports Modest Growth The Federal Reserve Bank of New York released its Empire State Manufacturing Survey for February [...]
US Census Bureau Full Report for November 2018 US Census Bureau Full Report for November 2018 on Manufacturers' Shipments, Inventories and Orders: New orders for manufactured durable goods, down two consecutive months, decreased 0.6 percent. Shipments of manufactured durable goods, down two consecutive months decreased 0.6 percent. Inventories decreased after twenty-four consecutive monthly increases, falling [...]
Best January for Stocks in 30 Years The resilient US economy has fueled the best January for stocks in 30 years...banks and smaller companies that were among the market's laggards last quarter have helped stocks, a sign investors are favoring sectors tied to the US economy. WSJ Short Term Interest Rates Remain Unchanged Short term [...]
US Raw Steel Production 1,912,000 Tons Week of 1/19/2019 US raw steel production 1,912,000 tons the week of 1/19/2019 as mills operated at an ACUR of 80.7%. In the like period Las year, mills operated at an ACUR of 73.6%. US Drill Rigs Running 1050 There are 1050 drill rigs running in the US, down [...]
Visit Us at the SHOT Show in Las Vegas Visit us at the SHOT Show where we have a booth at the SHOT Show Supplier Showcase Monday and Tuesday, the 21st and 22nd at the Sands Convention Center in Las Vegas, NV. If you are attending, please stop by and say hello. It would be [...]
Small Business Optimism Drops Again in December Small business optimism drops again in December. According to the National Federation of Independent Business (NFIB) the Small Business Optimism index fell 0.4 point in December, marking its fourth consecutive drop. The bulk of the drop was in expectations for the economy, likely reflecting fallout from the stock [...]
