Showing posts with label s. Show all posts
Showing posts with label s. Show all posts
Friday, March 14, 2014
U S Manufacturing Growth Slowed in February
Growth in the U.S. manufacturing sector unexpectedly slowed in February, after three consecutive monthly increases. The index fell from 54.1 to 52.4 in February, reversing around half of the gains of the previous three months. However, the decline in February does not raise any immediate concerns as the details of the report are not horrible. The ISM manufacturing index has remained above its expansionary threshold for 31 straight months.
New orders led the decline, falling to 54.9 from 57.6. The decline in new orders should be interpreted caully as new orders have recently been unstable.
Production and employment both declined in February to 55.3 and 53.2 respectively. February is the third consecutive decline in the employment index.
The inventories index remained constant at 49.5, below the contrationary level for the fifth consecutive month.
Exports orders continue to rise despite turmoil in Europe, climbing from 55.0 to 59.5 in February.
Read the full report.
ReadThe RestEntry..
New orders led the decline, falling to 54.9 from 57.6. The decline in new orders should be interpreted caully as new orders have recently been unstable.
Production and employment both declined in February to 55.3 and 53.2 respectively. February is the third consecutive decline in the employment index.
The inventories index remained constant at 49.5, below the contrationary level for the fifth consecutive month.
Exports orders continue to rise despite turmoil in Europe, climbing from 55.0 to 59.5 in February.
Read the full report.
Sunday, August 25, 2013
Beige Book U S Economy Grew at “Modest to Moderate Pace”
The Federal Reserve’s Beige Book, released today, indicated that from January to early February most districts saw the economy expand at a modest to moderate pace. This expansion was driven by manufacturing, particularly automakers. The report was generally positive and consistent with a slow but steady recovery.
The report noted that manufacturing continues to expand at a “steady” pace across all twelve Federal Reserve Districts. “Most districts reported gains in new orders, shipments, or production.” In addition, several regions reporting gains in capital spending.
“Reports of consumer spending were generally positive except for sales of seasonal items, and the sales outlook for the near future was mostly optimistic.”
Residential real estate conditions improved “somewhat” in most districts. There were several reports of increased home sales and some reports of increased construction. New York was the one exception to the improvement noting “steady to softer” home sales.
Most districts indicated a “slight increase” in hiring activity. Hiring activity was broad based, with a number of industries reporting hiring. However, a number of industries reported difficulty finding qualified workers.
Read the Feds report.
ReadThe RestEntry..
The report noted that manufacturing continues to expand at a “steady” pace across all twelve Federal Reserve Districts. “Most districts reported gains in new orders, shipments, or production.” In addition, several regions reporting gains in capital spending.
“Reports of consumer spending were generally positive except for sales of seasonal items, and the sales outlook for the near future was mostly optimistic.”
Residential real estate conditions improved “somewhat” in most districts. There were several reports of increased home sales and some reports of increased construction. New York was the one exception to the improvement noting “steady to softer” home sales.
Most districts indicated a “slight increase” in hiring activity. Hiring activity was broad based, with a number of industries reporting hiring. However, a number of industries reported difficulty finding qualified workers.
Read the Feds report.
Saturday, May 25, 2013
U S Trade Deficit Fell to 48 7 Billion in May
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the Trade Deficit fell in May to $48.7 billion, down from $50.6 billion in April.
Total May exports were $183.1 billion and imports were $231.8 billion. May exports were $0.4 billion more than April exports of $182.7 billion. May imports were $1.6 billion less than April imports of $233.3 billion. Cheaper oil from abroad helped to narrow the trade deficit.
Read the release.
ReadThe RestEntry..
Total May exports were $183.1 billion and imports were $231.8 billion. May exports were $0.4 billion more than April exports of $182.7 billion. May imports were $1.6 billion less than April imports of $233.3 billion. Cheaper oil from abroad helped to narrow the trade deficit.
Read the release.
Subscribe to:
Posts (Atom)