Source: Richmond Fed Manufacturing in the fifth district extended its expansion streak in April, but firms expect a slowdown in the next six months. QQQ is down 2.45%, while SPY is down 1.60%. The composite manufacturing index was recorded at 14 in April, higher than the 13 in March and 1 in February.The indicator for shipments jumped to 17 from 9, while capacity … [Read more...] about Fifth District Manufacturing Continues Expansion, But Deterioration Seen
Manufacturing
Manufacturing Output, Expectations Decline in April
Source: Philadelphia Fed Manufacturing output retreated in April to erase most of the gains recorded in the previous month, with firms expecting dimmer conditions moving forward. QQQ is up 1.44%, while SPY is up 1.05%. The diffusion index for current general activity stood at 17.6, down from 27.4 in March and 44.5 in April 2021.Over 34% of survey respondents reported an … [Read more...] about Manufacturing Output, Expectations Decline in April
New York Manufacturing Picks up After Three Months of Sluggishness
Source: New York Fed Business activity in New York surged in April to return to positive levels, following three straight months of sluggishness. NYF is down 0.26%, while QQQ is down 0.15% premarket. The general business conditions index stood at 24.6 points, up by 36.4 points from the -11.8 points in March.Some 40% of survey respondents said conditions have improved … [Read more...] about New York Manufacturing Picks up After Three Months of Sluggishness
Manufacturing Activity Climbs in March
Source: Richmond Fed Manufacturing in the Fifth District climbed in March as increases were recorded in shipments, new orders, and the number of employees. EXI is up 0.39%. The composite manufacturing index surged by 12 points to 13 in March from 1 in February, with increases recorded in all three component indexes.The shipments index soared to 9 in March from -11 in … [Read more...] about Manufacturing Activity Climbs in March
U.S Recorded Manufacturing Sector Growth Despite Falls in PMI
U.S January PMI was 58.7%, down 1.8 percentage points from December’s 60.5% reading, according to the Institute for Supply Management press release. The PMI denotes expansion in the overall economy for the eighth month in a row after contractions in March, April, and May. January’s Prices Index was 82.1%, up 4.5 percentage points from December's reading of 77.6%The … [Read more...] about U.S Recorded Manufacturing Sector Growth Despite Falls in PMI
