December Manufacturing ISM Prices Index Fell Sharply, Is Inflation Peaking?

The ISM Manufacturing Index for December came in at 58.7% under the consensus 60.3% and 61.1% in November. Of note was the Prices Index falling to 68.2% from 82.4%. Price pressures mellowed, are still alleviated but a sharp pullback. The assumption is improved supply chain conditions; the question is does the Omicron variant bring the gains undone, or become deflationary with demand destruction? January will be illuminating. The Prices Index 14.2-percentage point decrease month over month is big but ISM’s … Continue reading “December Manufacturing ISM Prices Index Fell Sharply, Is Inflation Peaking?”

Japanese Industrial Production Surges to Record High 7.2% m/m In November

Japan’s preliminary industrial production for November came in at 7.2% m/m much higher than the expected 4.8% m/m and the October reading of 1.8%. Two years ago, deep in the pandemic industrial production was -4.2% m/m. Production in the auto sector benefited from a global parts supply recovery, output of cars and other motor vehicles surged 43.1% for the month Japan Industrial Production for November 2021 (preliminary)  Industries that mainly contributed to the increased 1.Motor vehicles, 2.Plastic products, 3.Iron, steel … Continue reading “Japanese Industrial Production Surges to Record High 7.2% m/m In November”

European Industrial Companies See Strong Demand But Supply Chain Pressuring Revenue says Fitch

Supply chain disruptions continue to hamper Europe, diversified industrial companies with revenue crimped by semiconductor shortages and longer shipping times. Fitch Ratings sees this as a short term event with demand strong, and likely to continue

Texas Manufacturing Index +14.6 vs +4.6 prior, Focus on Raw Material Availability

The Dallas Fed Manufacturing index for October rose 14.6 vs 4.6 expected, the index is a key measure of Texas state manufacturing conditions. New orders +14.9 vs 9.5 prior. Future index flipped positive +2.4 vs -2.8 prior.

China’s Economic Deceleration Highlighted By Factory Contraction First Time Since Pandemic Begun

China’s economy has been wobbling in the worse energy crisis it’s had since it’s shift to faux capitalism. Chinese factory acivity contracted in September for the first time since the pandemic began. This is just the latest sign of deceleration from by its attempt to manipulate commodity prices in its trade war with Australia with the end result being crushed by energy shortages. This has seen a rise in costs mainly caused by a sharp increase in the prices of … Continue reading “China’s Economic Deceleration Highlighted By Factory Contraction First Time Since Pandemic Begun”

Texas Manufacturing Looking Up as New Orders, Prices Received for Finished Goods, Wages and Benefits All Hit Record Highs

The Dallas Fed Manufacturing index for April rose 37.3 vs 30 expected, the index is a key measure of Texas state manufacturing conditions. New orders 38.5 hit a record high vs 30.5 prior. Prices received for finished goods and Wages and benefits both hit record highs.

US Manufacturing Continues Recovery, New Orders Highest Since January 2004

The US manufacturing sector via the regional Chicago ISM Manufacturing PMI hit to the highest since September 2018 in October at 59.3% much higher than the 55.7% expected. New Orders Index highest level at 67.9% since January 2004