In line with the New York Fed and our own ahead of the curve readings on manufacturing (machine tools) from back in July, comes the Philly Fed with a lousy…
From the New York Fed: "The September 2015 Empire State Manufacturing Survey indicates that business activity declined for a second consecutive month for New York manufacturers." Full PDF report here…
According to the amalgamation of 'Leading Indicators' to the economy, it is time for a rate hike. Here is the graph of LI and Fed Funds, from Wisdom Tree's post…
Employment growth eased in August. Here is the full report from BLS: Employment Situation - August 2015 Growth continues to cluster in the services, as we have been noting for…
Right in line with the information I got from a former industry colleague back in July, Machine Tool sales data have continued to degrade. Click for a larger view of…
As usual, the key items are highlighted and the full report can be viewed at ISM. It's another counter-cyclical hiccup for the Good Ship Lollipop. Subscribe to NFTRH Premium for…
From the NY Fed... Empire State Manufacturing Survey Full PDF report here. New Orders is a key component, obviously, as that is where future business comes from. The stock market…
Our guess is off by 20k. As expected, it was 'services' that led hiring in July. Full BLS release here.
With the soft ADP the other day and other signs of economic flattening, some people may be looking for a weak Payrolls report tomorrow. I am going to take a…
Some handy graphics from FloatingPath... Factory Orders increased in June (note: USD was weak in June) and had been on par throughout the 'expansion' after the big reversion in 2009. …
Sales of new Machine Tools (blue line) bumped up in June. Apparently they adjust this data but don't make mention of revisions. The graphical representation through May, while still weak,…
I heard from a former associate who reads this site (hi Pat!) that things are continuing to degrade in the Machine Tool area. As a reminder, here is the latest…
Click the graphic for the full BLS report...
Beginning with our oft-watched Machine Tools sales graph, we find that May did not include any sort of post-harsh winter bounce in sales. Nor did the multi-industry reading do well. …