I thought that I'd give you a look at how manufacturing in general is looking in the U.S. today. A good friend of mine, writes monthly comments on the government reported statistics on GDP. His name is John Leyden and here's how to find him:
John Layden
Prevel Technology
317-842-6417
jlayden@preveltech.com The economic data in durable goods has shown additional signs of slow but stable growth. There are no signs of a strong or rapid recovery. However, there are still no direct signs of a double dip recession, although concerns over commercial real estate loans are getting a lot of attention. Residential housing market remains depressed.
With all the attention focused on the health care debate you may have missed the news on energy supplies. New mega-field oil discoveries are at an all time high, estimated and proven reserves are at an all time high and soaring, natural gas is nearing a 100 year supply (20 years is normal). Exxon “unexpectedly” reported new discoveries at 133% of production for the 16th consecutive year. But the US government continues to block development.
- GDP for Q4 was 1.5% above Q3. Annualized at 5.9%.
- Industrial production was up 1% month-to-month.
- Durable goods new orders increased 2.6% in January. December revised to +1.8%.
- Durable goods shipments declined slightly; now balanced with orders.
- Durable goods employment stabilized
- Durable goods deliveries are still slow (average 5.5 months). Typical level is almost a third faster.
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- Autos remained at the “new normal” (depressed) level. Capacity utilization is flat at 51%.
- Single family housing starts and sales declined. New single family for sale at an all time low.
- There are calls for the resignation of the head of the UN-Intergovernmental Panel on Climate Change in the wake of manipulated and fabricated evidence. He was the co-recipient of the Nobel Peace Prize with Al Gore. Moves in Congress to block EPA attempt to regulate CO2 as pollutant are surfacing.
tjos was just a summary, so if you'd like the whole GDP report just e-mail John at Preval Tech
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customer had a bracket that needed assembly. The unit used four self-tapping screws to hold it in position. The wrong disk washer bolt type was used, but that's only part of the problem. With hand assembly everything went together and the simple assembly fixture worked pretty well.
