manufacturing

May Industrial Production Down -0.2% With April Surprise -0.5% Revision

The Federal Reserve Industrial Production & Capacity Utilization report shows industrial production decreased -0.3% as gas and oil well drilling continued to decline, abet at a slower pace.  This is the seventh month in a row for no increase.  Mining for the month declined -0.3% and the previous four months contracted an entire percentage point on average.  Manufacturing also declined for the month.

Nothing Contracts For May's Manufacturing Survey

The May ISM Manufacturing Survey shows nothing in manufacturing is shrinking again.  The composite PMI grew to a now safe 52.8% after a 1.3 percentage point increase.  Manufacturing employment came out of contraction as did inventories.  Exports move to no change.  Prices are still decreasing but not by much anymore.  Overall the report is a relief that things are not so bad.

Industrial Production Takes Another -0.3% Tumble

The Federal Reserve Industrial Production & Capacity Utilization report shows industrial production decreased -0.3% as gas and oil well drilling continues to collapse.  Overall mining contracted a very large -0.8%.  Manufacturing was unchanged.  March also showed a -0.3% industrial production change.  This if the fifth month in a row for a loss.

ISM Manufacturing Survey Stays a Shoddy 51.5% for April

The April ISM Manufacturing Survey PMI had no change from March and is still a barely breathing growth of 51.5%.  Manufacturing employment went into contraction as did inventories.  Exports improved as did new orders and production.  The worse news of the ISM manufacturing report is employment.

Industrial Production Hasn't Been This Bad Since Q2 2009

The Federal Reserve Industrial Production & Capacity Utilization report shows industrial production decreased -0.6% while January was revised downward to a -0.4% decline.  February showed a measly 0.1% increase, so overall the first quarter looks bleak  Annualized Q1 showed a -1.0% decline and such a contraction has not happened since Q2 2009.

ISM Survey Shows Barely Breathing Manufacturing Sector - PMI at 51.5%

The March ISM Manufacturing Survey shows manufacturing is barely breathing growth as a monthly -1.4 percentage point decline put PMI near the contraction edge.  PMI is now 51.5% and if the index falls below 50%...that's contraction.  The reason for the slide was supplier deliveries, which were more streamlined indicating less to ship and slower manufacturing hiring.

February 2015 Industrial Production Shows Manufacturing's Downtrodden Decline

The Federal Reserve Industrial Production & Capacity Utilization report shows industrial production increased 0.1% while January was revised downward to a -0.3% decline.  December was also revised down to -0.2%.  Manufacturing alone declined by -0.2% and January's manufacturing production was also revised downward from +0.2% to -0.3%.

Industrial Production Expands to Mediocre Growth for January 2014

The Federal Reserve Industrial Production & Capacity Utilization report shows industrial production gained 0.2% in January.   There were also revisions back to August with all but one month revised downward.   December was revised to a -0.3% decline and November's blow out was toned down to 1.1% growth increase.  Manufacturing alone grew by 0.2% and utilities jumped up 2.3% in January on weather.

January's Jobs Report Shows Strong Payroll Growth for 2014

The BLS employment report is another good showing for payroll jobs as growth was 257,000.  January is the month of revisions and November 2014 is now a 423,000 jobs added blowout with December 2014 not far behind with 329,000 jobs added.  We're on year eight after the start of the great recession and 2014 is finally when America started seeing some jobs growth.

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