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Manufacturing still weak

NewDealdemocrat | October 26, 2019 8:04 am

US/Global Economics

Manufacturing still weak

I’m still traveling this morning, but for now let me just note that this morning’s durable goods orders showed a decline again:

Figure 1

Manufacturing is flat to slightly contracting. The consumer, primarily thanks to lower mortgage rates, is keeping the economy going.

Comments (2) | Digg Facebook Twitter |
2 Comments
  • pgl says:
    October 26, 2019 at 5:03 pm

    “The consumer, primarily thanks to lower mortgage rates, is keeping the economy going.”

    Maybe but real residential investment is also falling:

    https://fred.stlouisfed.org/series/PRFIC1

    Real Private Residential Fixed Investment

  • Bert Schlitz says:
    October 27, 2019 at 12:34 am

    I am not seeing it. Housing is moving sideways and so is manufacturing, increasingly likely Ford and GM over produced for the strike, but even that will only produce a glide down. If industrial production falls sharp enough, it ends the expansion.

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