Written by Steven Hansen The headlines say seasonally adjusted Industrial Production (IP) improved in December. Econintersect‘s analysis using the unadjusted data concurs.
Written by Steven Hansen The Philly Fed Business Outlook Survey strengthened marginally but remains in positive territory. Key element new orders softened but remains expansion territory.
After the ISM’s manufacturing new orders for December showed some life last week we had reason to expect a good report from the Non Manufacturing (services) sector. It didn’t happen.
Written by Steven Hansen The Empire State Manufacturing Survey jumped further into expansion territory in January 2014.
Written by Steven Hansen Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) for November 2013 shows sales declined with inventories higher than normal. This is in contrast to the US Census view which sees sales increasing and inventory levels normal.