Despite sagging 'hard' data, 'soft' surveys of US Manufacturing and Services sectors have been resurgent amid stimulus hype, vaccination success, and some reopenings.
Recent decades have not been kind to American cities. Manufacturing cities were adversely impacted by the offshoring of manufacturing jobs.
US Industrial Production rose just 1.4% MoM (vs +2.5% expected)...
Even though global manufacturing is humming along, fueled by new demand, unprecedented fiscal and monetary support continues to exacerbate shortages.
The global supply chain remains "stretched thin," with Ford Motor Company announcing Thursday evening that it will continue to build its top-selling F-150 trucks and Edge SUVs without certain parts, according to CNBC, quoting a Ford spokeswoman.
...pushed the YoY drop in production down to 4.25%...
Look out, Tesla. There could be another mainstream FOMO electric vehicle stock coming.
"...will likely feed through to higher consumer inflation..."
We've seen some drone footage and leaked footage, but nothing quite like this video from Tesla
...driven by intensifying cost pressures amid raw material shortages (with near-record supply chain disruption)...
How long will this go on? Why is it happening?
We know, ammo seems hard to come by right now. But rest assured, we are building and shipping more and more every day--right here in the USA.
Industrial Production and Manufacturing remain significantly lower on a year-over-year basis with the latter actually decelerating in November...
It's giga and it's a factory, but what does Gigafactory really mean?
Let's take a look at the latest batch of videos, recorded on November 20, 2020.
We designed our emissions-free Electric Adventure Vehicles to challenge what's possible. We hope they inspire you to do the same
Lucid Motors' newly-constructed, 730,000 square foot manufacturing is where the new Lucid Air electric car is starting to take shape. The facility is located in Casa Grande, just off Interstate 10.
Lawrence Livermore National Laboratory (LLNL) material scientists have created thermoelectric generators that can harvest waste heat from previously inaccessible sources, such as pipes with complex geometries.
Just like last month, the ISM surge was driven largely by New Orders which spiked from 61.5 to 67.6, the highest level since Jan 2004, and while employment continued to rise, from 44.3 to 46.4, it remains in contraction territory.
The substance has the potential to revolutionize everything from space travel to the energy grid.
.... as manufacturing returns to America. You didn't really think all those jobs were going to be upgraded from China's 25-cents-per-hour wages to upscale $25-per-hour salaries in America, did you?
Made in Space...
On a year-over-year basis, factory orders remain down over 10%...
White House Director of the Office of Trade and Manufacturing Policy Peter Navarro unleashed an op-ed on Wednesday criticizing Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci.
Despite the record surge in the US Macro Surprise Index, May's rebound in 'soft' survey data was much more mixed than many prefer to cherry-pick (PMI rebound much more dramatic than ISM), but flash PMIs suggest June saw the re-opening euphoria is set