October 2017

U.S. Industrial Production

Industrial production bounced back in September, up 0.3% month on month, (m/m), after taking a 0.9% dip in August. Production was broad based. Utilities and mining posted gains, which were unexpected due to the damage caused by the recent hurricanes. Manufacturing production disappointed however, up a weaker than expected 0.1% m/m. Manufacturing production was up [...]

ISM Manufacturing Index

Manufacturing activity continued to improve in September helped by a depreciated U.S dollar and a stronger global economy. The Purchasers Manger’s Index posted a score of 60.8, up 2.0 points month on month, (m/m) surpassing analysts’ expectations. The index is now at its highest level since July 2004. The new order sub index was 64.6, [...]

September 2017

U.S. Manufacturing Capacity Utilization

Manufacturing fundamentals continue to improve. Both the U.S. and global economy are strengthening and at the same time, the dollar has depreciated against the Broad Index, (basket of countries’ currencies that the U.S trades with). In addition, inventories that were previously seen as a drag on production have now shifted to a supporting role. Manufacturing [...]

U.S. Industrial Production

After six consecutive monthly gains, the Industrial production declined 0.9% month on month, (m/m) in August. Early indications are that hurricane Harvey’s impact reduced the score by 0.75 percentage point. Manufacturing industries most effected by the wind and flooding damage include; petroleum refining, organic chemicals and plastics and resins. Mining output slowed by 0.8% in [...]

ISM Non-Manufacturing Index

The Institute for Supply Management’s non-manufacturing composite index moved-up 1.2 points in August to 55.3, a nice turn-a-round after July’s disappointing 3.5 point drop. The results were generally positive, as new orders and employment both improved. The trade details were mixed. New exports orders rose while imports fell. The non-manufacturing index is important to keep an [...]

ISM Manufacturing Index

Manufacturing is picking-up according to the latest report from the Institute for Supply Management. The Purchasers Manger’s Index posted a score of 58.8, up 2.5 points month on month, (m/m) surpassing analysts’ expectations. The new order sub index was north of 60 for the fourth month in a row. Twelve of 18 industries reported growth [...]

August 2017

U.S. Manufacturing Inventory Census Report

Total seasonally adjusted (SA), non-inflation adjusted manufacturing inventories totaled $649,086 million (M) at the end of June, up 0.16% month on month, (m/m) and up 4.78% year on year, (y/y). The total manufacturing inventories to shipment ratio, (I/S) was up 0.01 to 1.38 m/m and up 0.03 percentage points y/y. The US Census Bureau issues [...]