Meek Manufacturing

assembly lineAny hope about a near-term resurgence in the manufacturing sector should be put to rest. The most recent readings for industrial production and capacity utilization showed a decline, as have all three Federal Reserve manufacturing indices along the east coast. Just today, the Chemical Activity Barometer — a good leading indicator of manufacturing activity — while still positive dropped 0.4%, continuing its declining that began in January. Autos remain the bright spot.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.