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April Industrial Production up 13%
Consumer durable goods industrial production in April was up 13.2% compared to April 2009.
Read MoreMarch Machine Tool Sales Up 35%
According to the USMTC, March 2010 machine tool sales were up 35% and 57% compared to March 2009 in units and dollars, respectively.
Read MoreConsumer Durable Goods Spending Up 10.1% in March
While income continues to remain stagnant, spending on consumer durable goods grew at its fastest pace since July 2005 in March.
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Real Recovery with March Income Stagnant?
You may have seen it reported by the Bureau of Economic Analysis and the news media that income was up in March.
Read MoreApril MBI at 56.0 – Industry Expands Faster
With a reading of 56.0, April's MBI showed that the metalworking industry expanded faster for the second straight month.
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March MBI at 53.4 – Growth Rate Stabilizes
With a reading of 53.4, the MBI signaled that the pace of growth in the metalworking industry stabilized in the month of March.
Read MoreCapital Goods Orders Up 22.2% in February
Nominal total capital goods new orders were up 22.2% in February compared to February 2009.
Read MoreConsumer Durable Goods Spending Up 3.2% in February
While income continues to contract month-over-month, spending on consumer durable goods has grown month-over-month for six out of the last seven months.
Read MoreFebruary Income at Almost Lowest Level Since Recession Start
In February, real personal income excluding government transfers was 1.8% less than in February, according to the Bureau of Economic Analysis.
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February Industrial Production up 10% but Trend is Flat
Consumer durable goods industrial production in February was up 10.0% compared to February 2009, but since August 2009 the index has been virtually flat.
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Jan. 2010 Machine Tool Sales Show Significant Growth
According to the USMTC, January 2010 machine tool sales were up 14% and 38% compared to January 2009 in units and dollars, respectively.
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Total Capital Goods Orders up 16.6% in January
Nominal total capital goods new orders were up 16.6% in January compared to January 2009. (I always compare to the same time period one year ago because economic data tends to be quite seasonal.) This is the first such increase since February 2008.
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