U.S. Outlook: Industrial production ends 2017 on a high note

Scott Anderson
Chief Economist

December industrial production handily beat consensus expectations, increasing 0.9% in December.

young man in hardhat checking a reading at a large industrial workstation.Strong monthly gains were also seen in a number of manufacturing sectors from textiles and transportation equipment to food and beverage and machinery.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Jan. 19.

Key observations:

  • Industrialized production data reveal an 11% annualized gain in industrial production over the last three months of the year, a pace not achieved since the first months of the expansion.
  • The recently passed tax reform bill will only add to the demand for business equipment, which was already rising organically.
  • A weak U.S. dollar is making U.S. manufactured good more attractive globally, boosting U.S. exports and manufacturing production.
  • Accelerating global growth is also increasing demand from abroad.

 

Read my full report.

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Investment Insights: Excerpts from our 2017 Year-End Review

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Image of stock ticker and clock

Another year is in the books, and it was a good one for macro asset classes that posted positive returns almost entirely across the board.

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U.S. Outlook: Retail sales shine in robust holiday shopping season

Scott Anderson
Chief Economist
A woman looking at her phone, while shopping

December retail sales came in at a robust pace, and November sales were revised higher, cementing a decent increase in real consumer spending for the fourth quarter.

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Investment Insights: Well that was taxing

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Line of various professional people waiting outside an office.

The benefits should be felt across the spectrum for tax payers, with some ultimately benefiting more than others.

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Building up resistance: Q&A with ‘She Started It’ filmmaker Nora Poggi

Michelle Di Gangi
Small Business Banking
Michelle Di Gangi onstage with Nora Poggi, who is speaking.

“We want women and girls who will see the film to know that they can take risks, that failure is OK, and that it is worth trying something you are passionate about.”

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