Manufacturing Activity Expands Overall Manufacturing activity expands overall according to the Federal Reserve Bank of Philadelphia May 2022 Manufacturing Business Outlook Survey. It reports manufacturing activity in the region continued to expand overall this month, according to firms responding to the survey. The current general activity index declined, while the indicators for new orders and [...]
February 2022 Manufacturing Outlook Survey Reports Continued Expansion The February 2022 Manufacturing Outlook Survey reports continued expansion in manufacturing activity in the month according to firms responding to the survey put out by Federal Reserve Bank of Philadelphia. US Raw Steel Production Down from Previous Week In the week ending February 12, 2022, US raw [...]
Unfilled Orders Increased and New Orders and Shipments Continued to Expand Unfilled orders increased and new orders and shipments continued to expand strongly in May. The Federal Reserve Bank of New York released its Empire State Manufacturing Survey for May 2021 and reports business activity continued to grow at a solid pace in New York State, [...]
Business Grew Solidly in March 2021 Business grew solidly in March, according to The Federal Reserve Bank of New York Empire State Manufacturing Survey of firms responding to the March survey. The headline general business conditions index climbed 5 points, its highest level since last summer. New orders increased modestly; shipments were up substantially. New [...]
US Manufacturing Output Rebounded US manufacturing output rebounded more than expected in November, as the end of an almost six-week long strike at General Motors plants boosted auto production. The Federal Reserve said on Tuesday that manufacturing production rose 1.1% last month after a downwardly revised 0.7% fall in October. Industrial output also rose 1.1% [...]
Industrial Production Surged in August Industrial production surged 0.6% in August, with widespread gains. The 0.5% rise in manufacturing alleviates concerns about the factory sector's slowdown. Wells Fargo Existing Home Sales Beat Expectations Existing home sales beat expectations, rising in August. Wells Fargo Federal Reserve Cut Interest Rates for the Second Time On Wednesday the [...]
July Retail Sales Surpassed Expectations July retail sales surpassed expectations. Rising 0.7 %, gains were broad-based with ten of the thirteen categories seeing an increase in sales over the month. Wells Fargo US Drill Rigs Running Down From Previous Count There were 934 drill rigs operating in the US last week, down 8 rigs from [...]
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 [...]
The Index Well Above Previous Peak, Reached 111.2 The Index well above its previous peak of 102.4, reached in March 2006, is now at 111.2. The Conference Board Leading Economic Index (LEI) for August 2018, released 9/20, expects the economy will continue to expand through 2018. The leading indicators are consistent with a solid growth [...]
Retail Sales Rose in June Retail sales rose 0.5 percent in June and May's gain was revised up from 0.8 to a whopping 1.3 percent. Monday's report of another increase in business inventories in May is in-line with our expectation for Q2 GDP to get a boost of nearly ½ percentage point from inventories." Wells [...]
