Everything tagged "manufacturing activity" across research, earnings, and macro.
17 articles
June industrial production barely rose, but the bigger story was a powerful second quarter for U.S. factories. AI-linked semiconductor, communications, and computer output helped drive the fastest manufacturing pace in five years, while low capacity utilization suggests little near-term inflation pressure from bottlenecks.
The Philadelphia Fed Manufacturing Index jumped to 41.4 in July, far above expectations and its highest reading since November 2021. The blowout print signals a sharp rebound in factory activity, stronger U.S. growth momentum, and less room for the Fed to cut rates soon.
New York manufacturing kicked off July with a sharp upside surprise as the Empire State index jumped to 15.6, well above forecasts. New orders and shipments strengthened, employment improved, and the report reinforced expectations that the Fed may stay cautious on rate cuts.
U.S. factory orders slipped in May, but the decline was driven mainly by volatile aircraft bookings. Ex-transportation orders rose solidly, and core business equipment demand improved, suggesting manufacturing remains uneven but still expanding despite the weak headline.
The Dallas Fed Manufacturing Index held at 0.0 in June, signaling flat Texas factory activity as new orders and production cooled. But hiring surged, prices stayed elevated, and future business sentiment improved, leaving the state’s manufacturing outlook mixed rather than outright weak.
U.S. durable goods orders fell sharply in May, but the decline was driven largely by aircraft volatility after April’s surge. Core orders and business investment held up, while the Kansas Fed manufacturing index jumped, suggesting factory demand remains resilient and keeping the Fed on a cautious path.
The Richmond Fed manufacturing index fell to 4 in June from 13 in May, missing expectations and signaling a sharp loss of momentum. The headline still shows expansion, but weaker shipments, new orders and negative employment point to a softer factory backdrop with rising price pressures.
The June Philadelphia Fed Manufacturing Index rebounded to 10.3 from -0.4, signaling that factory activity returned to expansion after May’s slump. The surprise upside reading supports the soft-landing narrative and gives the Fed less reason to rush into rate cuts.
U.S. manufacturing is still expanding, but momentum cooled in June. The Empire State index fell sharply from May’s surge, while industrial production rose just 0.1% and missed expectations. The data point to slower factory growth, not contraction, and support a mildly dovish Fed outlook.
U.S. factory orders rose 4.8% in April, topping forecasts and extending a run of steady manufacturing demand. Much of the gain came from aircraft, but ex-transportation orders also beat estimates, suggesting underlying strength and giving the Fed another reason to stay patient on rate cuts.
The Richmond Fed Manufacturing Index surged to 13 in May, far above expectations, as new orders and shipments strengthened across the Fifth District. The report points to firmer factory momentum, easing price pressures, and a slightly more hawkish backdrop for Fed rate-cut hopes.
Texas manufacturing edged back into expansion in May, with the Dallas Fed index rising to 0.4 and beating expectations. Production, new orders and shipments stayed positive, but raw materials prices jumped to an eight-month high, reinforcing a cautious Fed outlook.
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