JHMI News and Press, John Hancock Multifactor Industrials From 09/15/22

Summary Total industrial production decreased 0.2% in August after increasing 0.5% in July. Over the past year, total industrial output is up 3.7%. Manufacturing utilization was unchanged at 79.6%, holding above its long-term average of 78.2%. However, it remains well below the 19...

Summary The main economic data release for the trading week is the US inflation report. The UK economy is in a precarious position and facing a recession. Chinese President Xi is expected to meet with Russian President Putin at the Shanghai Cooperation Organisation summit in U...

Summary We believe that cash flow and debt sustainability are likely to become increasingly important as real economic growth slows and credit access tightens. Cash flow provides a link between a company’s income statement and their balance sheet. Focusing on the Russel...

Summary The manufacturing sector continues to be plagued by supply chain problems while demand is weakening. A post-pandemic reshuffle is in the making, with demand weakening and supply becoming less disrupted. Energy remains the key downside risk. By Bert Colijn...

Summary The slowdown we’ve seen lately is really a flatlining as goods consumption corrects down to trend and services corrects up to trend. ISM released its Manufacturing PMI for August and the report was just about as perfect as you could ask for. Stocks and bonds bot...

Summary The August S&P Global US Manufacturing PMI™ came in at 51.5, down 0.7 from the final July figure and its lowest since July 2020. Barring the initial pandemic lockdowns months, this is the steepest downturn in US manufacturing seen since the global financial cris...

Summary The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index was unchanged at 52.8% in August, holding modestly above the neutral 50 level. The Employment Index posted a strong gain in August, moving solidly above the neutral threshold. ...

Summary Dallas Fed Business Activity remains in contraction but improved versus July. The headline index came in at -12.9, slightly worse than expectations of a reading of -12.7. Expectations saw a similar move with a large bounce off of the worst levels of the post-pandemic perio...

The US has seen a rebound in manufacturing and industrial output, coupled with a decent performance from the consumer sector and net trade and inventories being less of a drag. These factors put together support our view of 3%+ GDP growth in 3Q. However, the housing market, a weak...

Total industrial production increased 0.6 percent in July after being unchanged in June. Over the past year, total industrial output is up 3.9 percent and is at an all-time high. Total vehicle assemblies rose to 11.04 million at a seasonally-adjusted annual rate. That consists of 10.7...