Manufacturing Index is PHENOMENAL!

JimBowie1958

Old Fogey
Sep 25, 2011
63,590
16,752
2,220
Thank you President Trump!



The Philadelphia Fed’s gauge of the manufacturing sector unexpected surged higher in October, soaring beyond typical prepandemic levels.
The Philly Fed’s manufacturing index jumped to 32.3 in October from 15 in September. Economists had expected the index to slide to 13.5.
The Philly Fed said the results indicate “widespread optimism” about the next six months.
This is not just the highest reading since the pandemic, it is one of the highest readings of the entire Trump administration and far above the historical average for the index.
The index, which is compiled each month by the Federal Reserve Bank of Philadelphia from surveys of manufacturers in the region, has only exceeded 30 eight times between 2010 and now. Six of those were in three years of the Trump administration prior to the pandemic, a reflection of the Trump administration’s policies that strengthened manufacturing in the U.S.
This was the fifth consecutive month of improvement for the general current activity measure.
The survey’s current indicators for new orders and shipments also improved. Most future indexes increased and continue to reflect optimism among firms about growth over the next six month, the Philly Fed said.
The new orders gauge registered a record high in data going back to 1968.
 
St Louis Fed Fred Industrial Output.png



:thup:
 
The Philadelphia Fed Index is a diffusion index. It measures sentiment for the Philadelphia Fed region. Anything above 0 implies expansion. Anything below 0 implies contraction.

The reading is pretty good. It means that manufacturing is expected to expand in the Philly region.

But we are still a long way off from where we were at the beginning of the year.
 
"widespread optimism" --

what everyone has by default after seemingly hitting bottom.

Nothing says "Hope" quite like "OMG, we're so fucked!"
 
View attachment 402628


:thup:
That data is over 6 weeks old, dude.

This is a bit more current from October.

“TMX shows industrial production stopped the downward trend and is now on the rebound,” says Dr. Hamid Benbrahim, Thomas' Head of Data. “At the same time the S&P 500 seems to be in a wait-and-see stance.”
The October 2020 Thomas Manufacturing Index (TMX) indicates a reversal in trends of the past two months. This month, TMX is up +0.64% and SPX is down -3.92%. In September, however, TMX had been down -1.26% with SPX up +7.01%; and in August, TMX had plummeted -10.8% with SPX up +5.51%.
The last time both TMX and SPX were simultaneously in the positive was in July 2020 when TMX was up +1.68% and SPX up +1.84%. In fact, that that was a continuing trend from the month prior, when in June TMX had been up +4.59% and SPX up a similar +4.54%.
While Q3 saw fluctuation, industrial activity across the U.S. and Canada seems to now be holding relatively steady.
 
So any damage to business is fake news. Businesses closing up is fake news as well.
No, but the normal business cycle has some businesses closing/losing employees, and others gaining employees or going into business.

These are stats for the aggregate condition of the economy and to be frank, what we have seen mostly are hits to old brick-mortar business, out of date business models, and those over extended on their credit.

Some of the businesses that closed up were on their last legs anyway and the Pandemic merely hastened what was bound to happen sooner or later anyway.

In 12 months this economy will be a fireball streaking through the Global economy, Bet on it, dude.
 
Thank you President Trump!



The Philadelphia Fed’s gauge of the manufacturing sector unexpected surged higher in October, soaring beyond typical prepandemic levels.
The Philly Fed’s manufacturing index jumped to 32.3 in October from 15 in September. Economists had expected the index to slide to 13.5.
The Philly Fed said the results indicate “widespread optimism” about the next six months.
This is not just the highest reading since the pandemic, it is one of the highest readings of the entire Trump administration and far above the historical average for the index.
The index, which is compiled each month by the Federal Reserve Bank of Philadelphia from surveys of manufacturers in the region, has only exceeded 30 eight times between 2010 and now. Six of those were in three years of the Trump administration prior to the pandemic, a reflection of the Trump administration’s policies that strengthened manufacturing in the U.S.
This was the fifth consecutive month of improvement for the general current activity measure.
The survey’s current indicators for new orders and shipments also improved. Most future indexes increased and continue to reflect optimism among firms about growth over the next six month, the Philly Fed said.
The new orders gauge registered a record high in data going back to 1968.
The American Economy with Trump at the helm is something to behold. From Economists to Pollsters, they all miss to the same side, underestimating Trump.
 
This would be a perfect time for stimulus checks round 2. Makes the most sense for the country.
Pelosi says NO!!!!!!! She thinks the election goes better for Dems if she doesn't let the stimulus checks go out.

Meanwhile, the more data that comes in, the higher the 3Q 2020 GDP estimate goes for the July/August/Sept Quarter.

The very best quarter our nation has ever recorded was Q1/1950 when it clocked in at 16.7%

The quarter that just closed?

1602895615474.png


BOOM! Atlanta Fed is at 35.4% and midline of the Blue Chip Consensus is at 29%. The LOW END of the Consensus is 22%. Any of those three numbers are an amazing tribute to the American People, and with States still locked down, hey, there is more where that came from!
 
The Philadelphia Fed Index is a diffusion index. It measures sentiment for the Philadelphia Fed region. Anything above 0 implies expansion. Anything below 0 implies contraction.

The reading is pretty good. It means that manufacturing is expected to expand in the Philly region.

But we are still a long way off from where we were at the beginning of the year.
bos1020chart1.png
 
This would be a perfect time for stimulus checks round 2. Makes the most sense for the country.
Pelosi says NO!!!!!!! She thinks the election goes better for Dems if she doesn't let the stimulus checks go out.

Meanwhile, the more data that comes in, the higher the 3Q 2020 GDP estimate goes for the July/August/Sept Quarter.

The very best quarter our nation has ever recorded was Q1/1950 when it clocked in at 16.7%

The quarter that just closed?

View attachment 402781

BOOM! Atlanta Fed is at 35.4% and midline of the Blue Chip Consensus is at 29%. The LOW END of the Consensus is 22%. Any of those three numbers are an amazing tribute to the American People, and with States still locked down, hey, there is more where that came from!
You left out the Senate leader which doesn't want any more checks to the mass populace.
 
Thank you President Trump!



The Philadelphia Fed’s gauge of the manufacturing sector unexpected surged higher in October, soaring beyond typical prepandemic levels.
The Philly Fed’s manufacturing index jumped to 32.3 in October from 15 in September. Economists had expected the index to slide to 13.5.
The Philly Fed said the results indicate “widespread optimism” about the next six months.
This is not just the highest reading since the pandemic, it is one of the highest readings of the entire Trump administration and far above the historical average for the index.
The index, which is compiled each month by the Federal Reserve Bank of Philadelphia from surveys of manufacturers in the region, has only exceeded 30 eight times between 2010 and now. Six of those were in three years of the Trump administration prior to the pandemic, a reflection of the Trump administration’s policies that strengthened manufacturing in the U.S.
This was the fifth consecutive month of improvement for the general current activity measure.
The survey’s current indicators for new orders and shipments also improved. Most future indexes increased and continue to reflect optimism among firms about growth over the next six month, the Philly Fed said.
The new orders gauge registered a record high in data going back to 1968.
Odd, reports this morning said consumer confidence was better, but manufacturing orders were down.
 
The Philadelphia Fed Index is a diffusion index. It measures sentiment for the Philadelphia Fed region. Anything above 0 implies expansion. Anything below 0 implies contraction.

The reading is pretty good. It means that manufacturing is expected to expand in the Philly region.

But we are still a long way off from where we were at the beginning of the year.
bos1020chart1.png
Did you miss the global pandemic?
 
25 k to everyone would fix alit of things and those looking for employment would be sign of an awful employer.under less pressure. Working for $15 per hour will not put food on the table. That's awful and lousy. Us it's the
 

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