08172019Sat
Last updateFri, 16 Aug 2019 8pm

Manufacturing Weakness Continues - Survey

Manufacturing conditions in the mid-Atlantic region were negative for the ninth straight month, although there was some improvement in August.

The index of the Federal Reserve Bank of Philadelphia's Business Outlook Survey improved to minus 12.7 from minus 16.3.

Source: CNNMoney.com

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U.S. Manufacturing, Credit-Market Slumps

The dollar fell against the yen on speculation a manufacturing industry contraction and credit- market losses will prompt the Federal Reserve to hold off from raising interest rates.

The U.S. currency also slid against the euro on concern futures traders will pare bets on gains in the dollar, which has gained against all 16 of the most-active currencies this month.

Source: Bloomberg

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Dollar Reaches Seven-Month Peak

The dollar climbed to a seven-month high as U.S. producer price inflation came in much stronger than expected.

US wholesale inflation climbed 1.2% in July, double the consensus figure.

Source: Financial Times

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Manufacturing Output Topped Forecasts in July

Industrial production, a measure of the volume of goods produced in the United States, slightly topped expectations in July, a bit of positive news for an economy buffeted by inflation and higher costs.

The Federal Reserve said that industrial production grew 0.2 percent over the previous month.

Source: The New York Times

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Manufacturing Technology Consumption In June Level With May

June U.S. manufacturing technology consumption totaled $360.43 million, according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors' Association. This total, as reported by companies participating in the USMTC program, was level with May, and up 2.0% from the total of $353.40 million reported for June 2007.

Source: AMT

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