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Precision Machining Index Rebounded

Precision Machining Index Rebounded Registering 56.2 for January 2019, the Gardner Business Index (GBI): Precision Machining Index rebounded from December's two year low reading. Over the 2017 and 2018 calendar years, the Production Machining Index averaged 56.2, marking the fastest and longest expansionary business cycle in Gardner's recorded history. January's readings for production and new [...]

2019-04-03T18:12:52+00:00

Manufacturing Conditions Improved in March

Manufacturing Conditions Improved in March The Federal Reserve Bank of Philadelphia released its March 2019 Manufacturing Business Outlook Survey and reports manufacturing conditions improved in the region this month. The indicators for general activity, new orders and shipments returned to positive territory while the employment indicator remained positive. US Raw Steel Production ACUR 82.9% In [...]

2019-03-25T17:51:32+00:00

Consumer Spending Bounced Back

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 [...]

2019-03-15T19:49:28+00:00

Non-Manufacturing Index Bounced Back

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 [...]

2019-03-15T20:03:32+00:00

Business Barometer Hit Highest Point Since December 2017

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 [...]

2019-03-05T22:31:12+00:00

February 2019 Manufacturing Business Outlook Survey Reports Negative Indicators

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 [...]

2019-02-25T17:41:35+00:00

Optimistic Future Conditions Suggested

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 [...]

2019-02-18T14:58:12+00:00

US Census Bureau Full Report for November 2018

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 [...]

2019-02-08T21:54:21+00:00

Best January for Stocks in 30 Years

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 [...]

2019-02-08T22:26:27+00:00

US Raw Steel Production 1,912,000 Tons Week of 1/19/2019

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 [...]

2019-01-25T18:11:31+00:00