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Tag Archives: manufacturing
May 2013 Empire State Survey Improves – Just Do Not Examine It Closely
Written by Steven Hansen The Empire State Manufacturing Survey (manufacturing in New York State) in June 2013 shows manufacturing is expanding after slightly contracting last month. This noisy index has moved from 17.1 (May 2012), 2.3 (June), 7.4 (July), -5.9 … Continue reading
May 2013 Industrial Production Remains Soft – YoY Growth Continues to Decline
Written by Steven Hansen The headlines say seasonally adjusted Industrial Production (IP) improved an insignificant 0.1% in May 2013 and up 1.6% year-over-year. Econintersect‘s analysis using the unadjusted data is that IP was showed a decline of 0.9% month-over-month but … Continue reading
Why Not To Believe US Manufacturing Renaissance Hype
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, managed to stabilize at a 0.6% year to year gain … Continue reading
April 2013 Business Inventories and Sales Show Improvement
Written by Steven Hansen Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) for April 2013 is better than the headline data. the three month rolling average of business sales with this month’s data is continuing to … Continue reading
May 2013 ISM Manufacturing Survey Slips Slightly Into Contraction
Written by Steven Hansen The ISM Manufacturing survey for May 2013 slipped slightly into contraction after being in expansion territory for five months in a row. The New Orders sub-index which historically correlates to the economy expansion is also in … Continue reading
Durable Goods Orders Still Decelerating Despite Fed Money Printing
by Lee Adler, Wall Street Examiner New orders for manufactured durable goods in April increased $7.2 billion or 3.3 percent to $222.6 billion, the U.S. Census Bureau announced today. This increase, up two of the last three months, followed a … Continue reading
Durable Goods New Orders Rebound in April 2013
Written by Steven Hansen The headlines say the durable goods sector improved significantly in April 2013 – rebounding from a very poor March. This analysis is stronger than the headlines – but is in conflict with industrial production data from … 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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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
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
April 2013 ISM Manufacturing Survey Again Less Good, But Still Shows Expansion
Written by Steven Hansen The ISM Manufacturing survey for April 2013 continued in expansion territory for the fifth month in a row – however, the rate of growth declined . The New Orders sub-index which historically correlates to the economy … 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
