All Posts Tagged: industrial production

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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U.S. Outlook: Soothing signs of economic growth

Scott Anderson
Chief Economist
Graph showing recent rise in industrial production

New economic data and a tentative stabilization in crude oil prices provide more evidence that economic contraction in the near term is unlikely.

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U.S. Outlook: Replacing liftoff with gradual levitation

Scott Anderson
Chief Economist
Graph laying out the interest rate forecasts into next year.

While I still believe the FOMC will raise interest rates for the first time in December 2015, I expect long pauses before each successive move upward.

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U.S. Outlook: The economy is muddling along

Scott Anderson
Chief Economist
Graph showing the US Economic Surprise Index

A worsening trade performance and declines in business investment and industrial production have dominated the economic landscape.

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U.S. Outlook: Manufacturing rebound is on track

Scott Anderson
Chief Economist
Delinquency_Rates

Recent economic data points to further strengthening of the U.S. economy this year. We see plenty of reasons to remain optimistic about the outlook for U.S. manufacturing, and that revitalization of the manufacturing sector will eventually spill over into other sectors of the economy. Below are brief highlights of my weekly economic analysis, followed by […]

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