The Federal Reserve's Factory Production report shows a measly 0.2% increase for June 2011 Industrial Production, otherwise known as output for factories and mines. May was revised downward to -0.1%. Manufacturing industrial production flat lined with no change and Japan supply disruptions are to blame according to the Fed. Autos & Parts did drop -2.0% in June, yet generally the market and industry group monthly changes were a mixed bag.
New Orders in Durable Goods increased +1.9% for May 2011. April was significantly revised to -2.7% from -3.6%.
Core capital goods new orders increased +1.6%, after declining -0.8% last month. Core capital goods is an investment gauge for the bet the private sector is placing on America's future economic growth.
The Federal Reserve's Factory Production report shows a measly 0.1% increase for May 2011 Industrial Production, otherwise known as output for factories and mines. Manufacturing industrial production rose 0.4% yet had dropped -0.5% in April. Japan is still affecting autos and without them, which declined -0.5%, manufacturing would have increased +0.6%. April would have been only a -0.1% drop and they note the terrible tornadoes in the South affecting manufacturing.
The May 2011 ISM Manufacturing Survey has some bad news. PMI plunged -6.9 percent points to 53.5%, from 60.4% in April. This is the lowest PMI since September 2009. PMI dropped 11.4% by percentages and this is worse than October 2008.
New Orders in Durable Goods decreased -3.6% for April 2011, after last month's +4.4% increase, which was significantly revised. New orders dropped $7.1 billion to $189.9 billion in a month. That's not good news and the biggest drop since October 2010.
The Federal Reserve's Factory Production report shows a no change for April 2011 Industrial Production, or output for factories and mines. Manufacturing industrial production alone dropped 0.4% for April. Here is their detailed report. March was revised one percentage point lower to 0.7% and February had a 0.3% decrease in industrial production.
The April 2011 ISM Manufacturing Survey was released April 1st. PMI dropped 0.8 percent points to 60.4%, from 61.2% in March. This is the 4th month for the manufacturing index to be above 60%. The employment index is at it's highest point in 38 years for the first 4 months of 2011.
The Federal Reserve's Factory Production report shows a +0.8% increase for March 2011 Industrial Production, or output for factories and mines. Here is their detailed report. February had a 0.1% increase in industrial production. Industrial Production is still down 6.3% from pre-recession levels.
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