Wednesday, April 27, 2011

Manufacturing Leads the U.S. Economic Recovery

New orders for manufactured durable goods in the U.S. rose to a 30-month high in March of $208.37 billion, according to today's report from the Census Bureau.  That was the highest volume of orders in a single month since September 2008, two and-a-half years ago, and was 10.5% above the level a year ago, and 2.5% above orders in February.  For the first quarter of 2011, durable goods orders were the highest on a quarterly basis since the third quarter of 2008, and above the same quarter last year by 8.75%.  

According to the Federal Reserve's data on industrial production, manufacturing output grew in the first quarter of this year at an annualized rate of 9% (about four times greater than the overall economy), and durable manufacturing grew at an annualized rate of 16%, so along with today's Census report, it's clear that the U.S. manufacturing sector continues to lead the economic recovery as the "shining star" of the U.S. economy.   

In other manufacturing news today, the Chicago Federal Reserve reported strong growth in manufacturing output in the Midwest region, with a 12.5% increase in March from a year earlier.

3 Comments:

At 4/27/2011 10:01 AM, Blogger Buddy R Pacifico said...

Manufaturing Leads the U.S. Economic Recovery" and Exports lead U.S. GDP growth.

Hmmm.

 
At 4/27/2011 11:03 AM, Blogger Benjamin said...

Exports are surging on cheap dollar. Inflation is lower than Clinton's marital morals.
Bernanke can blow the doors wide open, and I hope he does.

This could be the start of a long, secular bull market, globally. I think we see another 20-year boom.

 
At 4/27/2011 2:50 PM, Blogger PeakTrader said...

Currently, the U.S. is producing at 90% capacity.

Yet, that 90% leads the world in the Agricultural-Industrial-Infomation-Biotech Revolutions.

The U.S. will lead in the next major economic revolution, and the one after that, into the 22nd century.

 

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