manufacturing

Durable Goods New Orders Down 1.3% for November 2010

New Orders in Durable Goods dropped -1.3% for November 2010, after last month's -3.1% decrease, revised. New orders has declined 3 of the past 4 months. New orders in non-defense capital goods decreased -6.8%. Core capital goods new orders increased 2.6%. Nondefense aircraft & parts new orders dropped -53.1% and shipments declined -8.6%.

 

Industrial Production & Capacity Utilization for October 2010

The Federal Reserve's Factory Production report shows a 0.0%, no change for October 2010 in Industrial Production. Here is a detailed report. It's not as bad as it sounds, manufacturing output itself increased and utilities dragged the index down. High temperatures are blamed for the drop in utilities, but myself, I cannot help but wonder if less people can afford them?

 

Labor costs are only 10% of U.S.-China price differential.

"The other 90% is subsidy, currency manipulation, environmental practices run amok and labor practices that are simply deplorable," Leo Hindery Jr., chairman of the U.S. Economy/Smart Globalization Initiative, told the Conference on the Renaissance of American Manufacturing held on Sept. 28 in Washington, D.C., according to Industry Week.

Industrial Production & Capacity Utilization for September2010

The Federal Reserve's Factory Production report shows a -0.2% decrease for September 2010 in Industrial Production. Here is a detailed report. Here's something not good, although the Fed is referring to the slowdown in growth, Industrial Production is up 3.6% for Q3 2010. Below is a quote from the report:

The index for manufacturing decelerated sharply in the third quarter

Manufacturing ISM for September 2010 - 54.4%

The September 2010 ISM Manufacturing Survey is out and PMI came in at 54.4%. August 2010 manufacturing ISM was 56.3%. This is a -1.9% decline in the factory index. While this is the 14th month for expansion (anything above 50 is an expansion), this is a slowing on the manufacturing ISM. The below graph shows PMI is now back to December 2009 levels.

 

Pages