6 Aug 2020

Manufacturing Orders Snap Back With V Shape – Strength Not Uniform Across The Board

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Orders activity in manufacturing have snapped back with a V shape.  But this recovery is not uniformly seen across the economy.  Orders for non-defense capital goods ex-aircraft dropped y/y in March through June; in past recessions, the decline has been … Continued

15 Jan 2018

Ongoing Inventory Digestion, And Possible Accumulation — Again

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Thanks to faster growth in the second half last year, inventory is getting wrung out of the system.  It is probably only a matter of time accumulation occurs again. In 3Q17, U.S. real GDP grew at an annual rate of … Continued