Manufacturing

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Data Round-Up: Housing Starts Rebound Strongly, Trade Inflation at 6+ Year High

FMI’s review of this morning’s January Housing Starts report and January U.S. Dollar and Trade Prices results, plus January Bank Lending & Money Supply data and the latest High-Frequency Inflation Indicators.

Data Round-Up: Payroll Job Trend Remains Healthy, Wages Picking Up Nicely

FMI’s analysis of this morning’s January Employment and January Vehicle Sales results.

Data Round-Up: Mfg Trend Still Firming, Utilization at Cycle High

FMI’s analysis of this morning’s December Industrial Production report (also attached as a PDF) plus our reviews of this morning's January NY Fed’s Business Leaders Survey, a regional services measure, and the January NAHB Housing Index.

Sales Finish Strong in December, But 2017 Fell Short of Record

FMI's look at December Vehicle Sales.

Minimum Wages Rose in 18 States in January, Modest Impact on Average Wages

FMI’s commentary on higher minimum wages in many states starting in January.

Data Round-Up: PMI Ends 2017 on a Robust Note; Construction Picks Up

FMI’s analysis of today’s December PMI and November Construction reports.

Raising Profits without Raising Sales - What's the Bottom Line?

Japan’s firms, particularly its 5,000 largest firms, have mastered the art of producing growth in profits without growth in sales. They’ve done this by cutting costs, particularly labor costs.

TOE Alert: Machinery Orders up a Lot, But Beware of Monthly Gyrations

Japan-watchers got very excited because core private machinery orders in October were up 10% on a month-on-month basis, However, the monthly movements in orders have very large gyrations, even though the most volatile elements are removed from core orders. Bottom line: core orders could be a genuine “green shoot,” or one month’s surprising number may be misleading us.

Data Round-Up: Regionals Show Solid Services, Some Mfg Improvement in 15Q2; Home Price Gains Healthy

FMI’s analyses of this morning’s June Chicago PMI and other Regional Business Surveys and April Home Prices data.

Data Round-Up: Real Equipment Likely Rose Just +5% in 15Q1

FMI’s analysis of this morning’s March Durable Goods Orders report.

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