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.

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