IND - Manufacturers' Shipments February 2024: Weak But Not Weak Enough
2024-04-02 12:25:56 ET
Summary
- Real manufacturer's shipments (adjusted for inflation) contracted by -0.12%.
- The manufacturing sector of the economy continues to be weak. However, despite this fact, some inflationary pressures are beginning to emerge.
- The overall U.S. economy is uncomfortably strong given current inflation dynamics. Fed Rate cuts maybe later and fewer than the market currently expects.
The Census Bureau just published its Monthly Advance Report on Manufacturers' Shipments Inventories and Orders. Released at 8:30 AM, April 2, 2024, this report contains revised estimates of durable goods shipments in the U.S. during the month of February 2024 and introduces estimates of nondurable goods. In this article, we provide an in-depth analysis of the just-released data and then discuss their implications for the U.S. economy and financial asset prices.
According to the Census, Real Shipments (adjusted for inflation) contracted by -0.12%....
Manufacturers' Shipments February 2024: Weak, But Not Weak Enough