Independent thinking for complex markets and current events
by Dismal-Jellyfish https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf Highlights: New orders for manufactured goods in April, up four of the last five months, increased $2.6 billion or 0.4 percent to $577.5 billion, the U.S. Census Bureau reported today. This followed a 0.6 percent March increase. Shipments, down five of the last six months, decreased $2.5 billion or 0.4 percent to …
by Dismal-Jellyfish Source: https://www.wsj.com/articles/get-ready-for-the-full-employment-recession-bc9937a5 Federal Reserve Alert! Get ready for a new ‘recession’ definition! From today’s Fed beige book – May 31, 2023: “Demand for transportation services was down, especially in trucking, where contacts reported there was a “freight recession.”” https://www.federalreserve.gov/monetarypolicy/beigebook20230531.htm Overall Economic Activity Economic activity was little changed overall in April and early May. …