June 24, 2021

US Manufacturing Hits A Record, But What's Really Behind the Numbers.

US Manufacturing Hits A Record, But What's Really Behind the Numbers.

Yesterday you may have seen the most the all time record report of the Purchasing Manager's Index for US Manufacturing.
 
So at first blush it seemed that here was a piece of good news. The weakest sector of our economy, manufacturing, looks like its st...


Yesterday you may have seen the most the all time record report of the Purchasing Manager's Index for US Manufacturing.

 

So at first blush it seemed that here was a piece of good news. The weakest sector of our economy, manufacturing, looks like its starting to get back on it's feet.

 

Unfortunately, as we dug through the report, it became apparent that industrial production in general, and manufacturing in particular remain moribund.