MANUFACTURING RECOVERY CONTINUES, SLOWLY

摘要

The durable goods manufacturing index in December, as compared to November, increased by 1.0% but remains 2.6% below year-ago levels according to the U.S. Federal Reserve. Tubing-intensive segments that experienced growth included fabricated metal products (0.6%), machinery (2.1%), electrical equipment and appliances (1.8%), aerospace and miscellaneous transportation (2.5%), and miscellaneous manufacturing (1.0%). The only negative category in December was motor vehicles and parts, which was off by 1.6% from November. All of the aforementioned categories are below year-ago levels except for motor vehicles and parts, which is 3.6% ahead of last December.