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Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

Summary:
In contraction: Deceleration that was temporarily interrupted by the tax cuts has resumed with the tariffs: The Manufacturing Activity Index in the US fifth district including the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia decreased to -1 in November 2019 from 8 in the previous month, missing market expectations of 6. Shipments (-2 vs 4 in October), new orders (-3 vs 7) and backlog of orders (-11 vs 6) declined while employment softened (5 vs 13). In contraction: Both now showing contraction:

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In contraction:

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

Deceleration that was temporarily interrupted by the tax cuts has resumed with the tariffs:

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

The Manufacturing Activity Index in the US fifth district including the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia decreased to -1 in November 2019 from 8 in the previous month, missing market expectations of 6. Shipments (-2 vs 4 in October), new orders (-3 vs 7) and backlog of orders (-11 vs 6) declined while employment softened (5 vs 13).

In contraction:

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

Both now showing contraction:

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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