manufacturing

Labor Productivity Grows By Just 1.3% in Q2 2015

The BLS Productivity & Costs report for Q2 2015 shows labor productivity increased 1.3% annualized.  Output increased 2.8% and hours worked increased 1.5%.  Unit Labor costs increased only 0.5% in Q2 2015.  The reason labor productivity rose was because economic output grew more than worker hours.  Both Q4 2014 and Q1 2015 showed decreases in labor productivity.

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%.

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