Written by Steven Hansen The headlines say the durable goods new orders declined in January – headline growth is down 3 of the last 4 months. Most sectors were soft lead by a weak civilian aircraft sector.
Written by Steven Hansen The Philly Fed Business Outlook Survey fell and entered contraction territory. Key elements also were in contraction.
Written by Steven Hansen The Empire State Manufacturing Survey degraded by remains in expansion territory in February 2014. Key internals are in contraction territory.
Written by Steven Hansen The headlines say seasonally adjusted Industrial Production (IP) declined in January. Econintersect‘s analysis using the unadjusted data concurs – but adds that the internals are far from good.
Written by Steven Hansen Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) for December 2013 shows sales improved with inventory levels normal.