manufacturing

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.

Manufacturing Growth Tapering as PMI Continues to Slide Towards Neutral

The January ISM Manufacturing Survey shows manufacturing is still expanding, abet at an even slower pace than December.  PMI dropped by -1.6 percentage points to 53.5%  Everything was down this month, new orders especially declined.  While technically not showing a contraction, the ISM overall message tells us American manufacturing is close to running idle.

ISM Manufacturing Comes Down Further From It's Lofty Highs in December

The December ISM Manufacturing Survey shows manufacturing is still expanding, abet at a slower pace than November.  PMI dopped by -3.2 percentage points to 55.5%.  New orders caused the overall decline and by themselves slid down -8.7 percentage points to go below the 60's level.

November Industrial Production Jumps By 1.3%

Industrial production is on fire with a 1.3% November gain.  Even better, the Federal Reserve Industrial Production & Capacity Utilization report shows upward revisions all the way back to June 2014.   October was revised from a -1.0% decline to 0.1% growth.  This month gains were across the board,, another good sign for the economy.

Industrial Production October Ho-Hum, Capacity Utilization Still Stunted

The Federal Reserve Industrial Production & Capacity Utilization report shows a -1.0% decline in industrial production for October and September was revised down to 0.8% growth.  Manufacturing alone grew by 0.2%, but utilities dropped by -0.7% after last month's large gain.  Mining also decreased by almost a percentage point, -0.9%.

Labor Productivity Increases 2.0% for Q3

The BLS Productivity & Costs report for Q3 2014 shows labor productivity increased 2.0% annualized.  Output increased 4.4% and hours worked increased 2.3%.  Unit Labor costs increased only 0.3% in Q3 2014.  The reason labor productivity rose was because economic output grew more than worker hours.  Overall labor is still getting squeezed for more efficiency and wages are still repressed.

ISM Manufacturing Shows Highest Production in a Decade and New Orders On Fire

The October ISM Manufacturing Survey recovered from last month's plunge.  PMI rose by 2.4 percentage points to 59%.  New orders caused the overall gain and by themselves jumped up 5.8 percentage points to the 60's level.  Production is at highs not seen in a decade.  This is a great report, even with declines in petroleum and coal.

 

Industiral Production Up 1.0% on Utilities

The Federal Reserve Industrial Production & Capacity Utilization report shows a 1.0% increase in industrial production for September.  Manufacturing alone grew by 0.5%, cancelling out last month's -0.5% decline.  Utilities exploded with a 3.9% monthly increase.  Mining grew by 1.8%, also a sizable amount for a month.

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