Econintersect Analysis Blog
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Category Archives: Manufacturing
May 2013 Philly Fed Business Outlook Goes Negative
Written by Steven Hansen The Philly Fed Business Outlook Survey fell into negative (contraction) – after two months in positive territory. This survey has been negative for 9 of the last 13 months. Key element new orders slipped further into … Continue reading
Posted in Manufacturing, Retail & Business Sales, aa syndication
Tagged backlog, business, conditions, manufacturing, new orders, orders, Philly Fed, philly_man, Steven Hansen
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April 2013 Industrial Production Soft – But Still In a Growth Trend
Written by Steven Hansen The headlines say Industrial Production (IP) declined 0.5% in April 2013 and up 1.9% year-over-year. Econintersect‘s analysis using the unadjusted data is that IP was also showed a decline of 0.5% month-over-month but the year-over-year was … Continue reading
May 2013 Empire State Survey Goes Negative – Under Expectations
Written by Steven Hansen The Empire State Manufacturing Survey (manufacturing in New York State) in May 2013 shows manufacturing is contracting after expanding for the previous three months in a row. This noisy index has moved from 17.1 (May), 2.3 … Continue reading
March 2013 Business Inventories and Sales Continues to Show Little Improvement
Written by Steven Hansen Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) for March 2013 is closer to the headline data. business sales with this month’s data is continuing to trend less good (positive growth, slower … Continue reading
March 2013 Wholesale Sales Contraction Continues
Written by Steven Hansen March 2013 wholesale sales and inventories data continues to go up one month, down the next. This data series is very noisy, and suffers from data gathering anomalies as well as poor headline methodolgy. This analysis … Continue reading
More Bad News On Dying US Manufacturing
More Bad News On Dying US Manufacturing- Excise Taxes Drop, But Markets Have Reason To Party On by Lee Adler, Wall Street Examiner [While US tax collections on everything went gangbusters in April, absolutely through the roof, there was one … Continue reading
March Factory Order Rebound Doesn’t Change Dismal Trend
by Lee Adler, Wall Street Examiner New factory orders (actual, adjusted for inflation and not seasonally adjusted), which is a broader measure than durable goods orders because it includes non-durables, dropped 3.3% on a year to year basis in March. … Continue reading
March 2013 Manufacturing Is Now Contracting
Written by Steven Hansen US Census says manufacturing new orders declined in March. Our analysis concurs with the US Census that manufacturing is now contracting. The downward trends in manufacturing new and unfilled orders continues. The downward trend line has … Continue reading
Durable Goods Orders Show US Manufacturing Continuing Secular Decline
by Lee Adler, Wall Street Examiner New orders for manufactured durable goods in March decreased $13.1 billion or 5.7 percent to $216.3 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a … Continue reading
Durable Goods New Orders Are Not Good in March 2013
Written by Steven Hansen The headlines say the durable goods sector declined significantly in March. This analysis says the data is very soft if one ignores civilian aircraft. Econintersect Analysis: new orders down 2.6% month-over-month, and down 1.4% year-over-year Inflation … Continue reading
Posted in Durable Goods, aa syndication
Tagged aircraft, Census Bureau, computers, defense spending, durable goods, electronics, manufacturing, Steven Hansen
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April 2013 Philly Fed Business Outlook Remains Barely Positive
Written by Steven Hansen The Philly Fed Business Outlook Survey remains in positive (growth) territory for the second month – albeit barely. This survey has been negative for 8 of the last 12 months. Key element new orders is slightly … Continue reading
Posted in Manufacturing, Retail & Business Sales, aa syndication
Tagged backlog, business, conditions, manufacturing, new orders, orders, Philly Fed, philly_man, Steven Hansen
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March 2013 Industrial Production Improves Only Because of Utilities
Written by Steven Hansen The headlines say Industrial Production (IP) improved 0.4% in March 2013 and up 3.5% year-over-year. Econintersect‘s analysis using the unadjusted data is that IP was also showed improvement at an improvement of 0.8% month-over-month but the … Continue reading
April 2013 Empire State Survey Continues to Say Manufacturing Expanding
Written by Steven Hansen The Empire State Manufacturing Survey (manufacturing in New York State) in April 2013 shows manufacturing has now expanded for three months in a row. This noisy index has moved from 6.6 (April 2012), 17.1 (May), 2.3 … Continue reading
February 2013 Business Inventories and Sales A Nasty Data Point
Written by Steven Hansen Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) for February 2013 is much worse than the headline data. business sales with this month’s data is trending less good (positive growth, slower rate … Continue reading
February 2013 Wholesale Sales & Inventories Had a Very Bad Month
Written by Steven Hansen February 2013 wholesale sales and inventories data continues to go up one month, down the next. This data series is very noisy, and suffers from data gathering anomalies as well as poor headline methodolgy. This analysis … Continue reading
Factory Data Shows US Manufacturing Dead In The Water As Headlines Mislead
by Lee Adler, Wall Street Examiner The headlines today blared of a 3% increase in factory orders in February, completely obscuring the truth of just how bad the US manufacturing trend is. The real story lies in the fact that … Continue reading
Posted in Manufacturing
Tagged Economy, Federal Reserve, GDP, industrial production, Lee Adler, manufacturing, retail sales, trade balance, wholesale sales
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February 2013 Manufacturing Not Good Despite the Headlines
Written by Steven Hansen US Census says manufacturing new orders improved in February. Our analysis this month showed “less good” and a near flat-line expansion of manufacturing year-over-year using the unadjusted data: The downward trends in manufacturing new and unfilled … Continue reading
Durable Goods New Orders Are Mixed in February 2013
Written by Steven Hansen The headlines say the durable goods sector improved significantly in February. This analysis says the data is very soft if one ignores civilian aircraft. Econintersect Analysis: new orders up 1.2% month-over-month, and up 1.2% year-over-year (no … Continue reading
Posted in Durable Goods, aa syndication
Tagged aircraft, Census Bureau, computers, defense spending, durable goods, electronics, manufacturing, Steven Hansen
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March 2013 Philly Fed Business Outlook Finally Positive
Written by Steven Hansen The Philly Fed Business Outlook Survey finally entered growth territory – as it has been negative for 9 of the last 11 months. Key element new orders is now in expansion territory. This is a very … Continue reading
Posted in Manufacturing, Retail & Business Sales, aa syndication
Tagged backlog, business, conditions, manufacturing, new orders, orders, Philly Fed, philly_man, Steven Hansen
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Consumers: Past, Present and Future
by Rick Davis, Consumer Metrics Institute Click on graph for larger image of calendar year 2012 chart. When we last looked back at our data for US consumer behavior for the end of 2012, we included comments on two phenomena … Continue reading
