Positive revisions lead to a good industrial production report in March
– by a New Deal Democrat If March retail sales were poor, industrial production (blue in the chart below) was the least mixed on the upside. Total production increased by…
Both manufacturing and construction continue to contract
– by a New Deal Democrat As usual, we start the month with data on last month’s manufacturing activity and the previous month’s construction activity. Both were negative this month.…
Industrial production ‘meh’ in February but down sharply from last summer; real manufacturing and trade sales are expected to decline in February
– by a New Deal Democrat Industrial production was unchanged for the month of February, while industrial production rose by +0.1%. But the bad news is that both have been…
Manufacturing in February and construction in January continued to be negative, while auto sales improved
– by a New Deal Democrat We started another month of data with bad news in two leading sectors. The ISM manufacturing index has shown a contraction since November, and…