All Posts Tagged: manufacturing

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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Instant Analysis: Jobs report for December

Scott Anderson
Chief Economist
Busy office setting with several well-dressed stock traders checking activity on their computer terminals.

The labor market continues to firm but is not yet at the overheating stage.

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Instant Analysis: November Payroll report reveals robust job creation

Scott Anderson
Chief Economist
Modern, busy office with several people at desks, as young woman rushes by in a blur.

Overall, a solid payroll report very much in line with our expectations.

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Instant Analysis: Employment report for October

Scott Anderson
Chief Economist
4 workers sitting around table using their laptops next to large window through which nearby skyscrapers are visible.

we see the net 261K gain in jobs as evidence that the U.S. labor market is swiftly resuming its solid monthly pace of job creation.

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U.S. Outlook: Light at the end of the tunnel

Scott Anderson
Chief Economist
Graph showing recent rise in S&P 500 stock price index

The hurricanes put a temporary hold on the labor market expansion for September, but the economic data released this week already point to a solid rebound in economic activity.

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