All Posts Tagged: industrial production
December industrial production handily beat consensus expectations, increasing 0.9% in December.
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.
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New economic data and a tentative stabilization in crude oil prices provide more evidence that economic contraction in the near term is unlikely.Read More ›
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.Read More ›
A worsening trade performance and declines in business investment and industrial production have dominated the economic landscape.Read More ›
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 […]Read More ›