Tag: new orders

Dallas Fed: Texas Manufacturers Continued to See Reduced Activity in August

The Dallas Federal Reserve Bank has reported contracting levels of manufacturing activity every month so far in 2015. The composite index of general business conditions declined from -4.6 in July to -15.8 in August, remaining in negative territory for the eighth consecutive month. Indeed, manufacturers in the Dallas Fed district continue to see declining activity in several key indicators, with the sector hurt by reduced crude oil prices and a stronger dollar, albeit with a few of them easing in their rates of decline. This includes new orders (down from 0.7 to -12.5), production (up from (-1.9 to -0.8), capacity utilization (up from -4.2 to -0.2), shipments (up from -4.3 to -3.0) and employment (up from -3.3 to -1.4). (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Kansas City Fed: Manufacturing Activity Has Declined for Six Straight Months

The Kansas City Federal Reserve Bank said that manufacturing activity in its district has declined for six straight months. The composite index of general business conditions edged lower, down from -7 in July to -9 in August, with this measure in solid negative territory since March. Overall, manufacturers continue to report contracting levels of activity, with reduced crude oil prices, the strong dollar and weaknesses abroad pressuring the sector’s performance. Indeed, various measures of activity were negative across-the-board. This included new orders (down from -6 to -9), production (down from -5 to -16), shipments (down from -2 to -15) and exports (up from -10 to -4). Exports have now declined for eight consecutive months. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Richmond Fed: Manufacturing Activity Stalled in August

The Richmond Federal Reserve Bank said that manufacturing activity stalled in August, pulling back from three months of rebounding sentiment. The composite index of general business activity declined from 13 in July to zero in August, its lowest level since April. Manufacturers reported weaker activity across-the-board, with only marginal growth in new orders (down from 17 to 1) and employment (unchanged at 1) and reductions in shipments (down from 16 to -4) and capacity utilization (down from 9 to -5) levels. There have been a number of headlines so far this year, including a strong dollar, sluggish global growth and reduced crude oil prices. These data suggest that the sector has not fully emerged from those challenges despite some progress since the spring months. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Markit: China’s Manufacturing Sector Slowed Once More, Down to its Lowest Level Since March 2009

The Caixin Flash China General Manufacturing PMI declined from 47.8 in July to 47.1 in August, its lowest level since March 2009. The Chinese manufacturing sector continues to struggle, with its PMI data contracting for the sixth consecutive month. Manufacturing activity was down across-the-board, including new orders (down from 47.2 to 46.3), output (down from 47.1 to 46.6), exports (down from 46.9 to 46.0) and employment (down from 47.2 to 46.0). The new orders figure was also at a post-recessionary low. Indeed, a number of economic statistics continue to reflect decelerating activity levels, particularly relative to the paces observed earlier in the year or last year. These include industrial production, fixed asset investments and retail sales. With that in mind, the Bank of China has devalued the yuan, down 2.9 percent in the past two weeks, and the Shanghai Composite Stock Market Index has plummeted more than 32 percent since June 12. Such sharp moves have prompted growth worries in financial markets around the world. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Philly Fed: Manufacturing Activity Expanded Modestly in August

The Federal Reserve Bank of Philadelphia said that growth in the manufacturing sector in its district expanded modestly in August, picking up slightly from July. The composite index of general business activity increased from 5.7 in July to 8.3 in August. While this suggests some improvement for the month, growth in activity has decelerated since June’s 15.2 reading, which was the highest level so far in 2015. The headline figure rose primarily on strength in shipments (up from 4.4 to 16.7), with 36.0 percent of respondents suggesting that their shipments were higher in August, up from 23.5 percent in July. Similarly, hiring (up from -0.4 to 5.3) accelerated somewhat, with the percentage of those completing the survey saying that employment was increased up from 12.0 percent to 21.1 percent. The average workweek (up from 4.0 to 8.5) was also longer. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


NY Fed: Manufacturing Activity Contracted in August at Steepest Rate since the Recession

The Empire State Manufacturing Survey contracted in August at the steepest rate since the Great Recession. The composite index of general business conditions from the New York Federal Reserve Bank declined sharply from 3.9 in July to -14.9 in August, the lowest level since April 2009. With that said, the Empire State survey’s headline figure has bounced around a lot over the past five months, up one month and then down the next. It was contracted three times in that time frame. Overall, it is safe to suggest that manufacturers in the New York Fed region continue to report softness in the current economic environment, led by reduced demand and shipments, even as they remain cautiously upbeat moving forward. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


ISM: Manufacturing Sentiment Edged Lower, but Domestic Sales and Output Growth Ticked Higher

The Institute for Supply Management’s manufacturing purchasing managers’ index (PMI) edged somewhat lower in July, bucking expectations for a slight gain. The headline PMI decreased from 53.5 in June to 52.7 in July. Yet, even with reduced sentiment for the month, the index averaged 53.0 over the past three months (May through July), up from 52.0 over the prior three months (February through April). While manufacturing activity has been weaker than what we saw at the end of last year – with the index averaging 56.9 in the fourth quarter of 2014 – these data continue to reflect a slight rebound in demand and output after softness earlier in the year. Along those lines, growth in both new orders (up from 56.0 to 56.5) and production (up from 54.0 to 56.0) ticked higher in July, expanding at a decent but still less-than-desired pace. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Markit: Chinese Manufacturing Activity Slipped Further into Negative Territory in July

The Caixin Flash China General Manufacturing PMI dropped from 49.4 in June to 48.2 in July, its lowest level since April 2014. Chinese manufacturing activity has now contracted in 7 of the past 8 months, continuing a deceleration trend in that nation’s economy. Indeed, all of the PMI subcomponents were in negative territory in July, with most of them slipping further. This included new orders (down from 50.3 to 48.1), output (down from 49.7 to 47.3) and exports (down from 50.3 to 46.6), with domestic and foreign demand declining once again after stabilizing slightly in June. Employment (up from 46.6 to 47.4) fell at a slower pace for the month, and yet, hiring has now decreased in 27 of the past 28 months. These data are consistent with recent economic indicators from China, which have reflected slower growth, particularly relative to the rates experienced at the end of last year or earlier. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Kansas City Fed: Manufacturing Activity Declined for the Fifth Straight Month in July

The Kansas City Federal Reserve Bank said that manufacturing activity declined for the fifth straight month in July, albeit at a slower pace than in either May or June. The composite index of general business conditions increased from -13 in May to -9 in June to -7 in July. Overall, manufacturers continue to report contracting levels of activity, with reduced crude oil prices, the strong dollar and weaknesses abroad pressuring the sector’s performance. Indeed, various measures of activity were negative across-the-board, even with some of them showing a slower rate of decline for the month. This included new orders (down from -3 to -6), production (up from -21 to -5), shipments (up from -15 to -2) and exports (down from -5 to -10). Exports have now declined for seven consecutive months. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Philly Fed: Growth in Manufacturing Activity Slowed Somewhat in July

The Federal Reserve Bank of Philadelphia said that growth in the manufacturing sector in its district slowed somewhat in July. The composite index of general business activity decreased from 15.2 in June, its highest level so far in 2015, to 6.7 in July. This suggests some deceleration in the expansion rate, leading more respondents to indicate declines in several key underlying data points. For instance, the percentage of manufacturers suggesting that their new orders had decreased in the month rose from 19.7 percent in June to 24.7 percent in July. This corresponded to the percentage of respondents citing increased new orders dropping from 35.0 percent to 31.7 percent. As such, the new orders index dropped from 15.2 to 7.1 – a reading that suggests a modest expansion in demand in June, even as the growth rate eased from a more-robust pace in July. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


A Manufacturing Blog

  • Categories

  • Connect With Manufacturers

            
  • Blogroll