Relevant and even prescient commentary on news, politics and the economy.

Manufacturing and housing – turn even hotter

Two leading sectors of the economy – manufacturing, and housing – turn even hotter Last month I wrote that both the manufacturing and housing sectors were “on fire.” If anything, this month they turned white hot, with both construction spending and ISM manufacturing data at levels not seen in years. The overall ISM manufacturing reading […]

Manufacturing and construction – remain “on fire”

The two most leading sectors of the real economy – manufacturing and construction – remain “on fire” Data for January 2021 started out this morning with the ISM manufacturing index, while the December laggard of construction spending was also reported.  While the ISM manufacturing reading declined from 60.7 to 58.7, since 50 is the break-even […]

State GDP shows a manufacturing rebound in 2012

by Rebecca Wilder State GDP shows a manufacturing rebound in 2012 State GDP shows the following in 2012: durable goods manufacturing and finance and insurance are primary drivers of cross-sectional growth. This confirms the national story, according to the BEA. A state-level breakdown shows strong (a surge in) economic activity in North Dakota, Oregon, Texas, and […]