RE and economic charts: U.S. Manufacturing Index Jumps To Six-Year High In January + Chicago Business Barometer Rises To Highest Level In Over 20 Years

Wednesday, February 2, 2011

U.S. Manufacturing Index Jumps To Six-Year High In January + Chicago Business Barometer Rises To Highest Level In Over 20 Years

[mEDITate-OR:
manufacture an excuse not to like this report.
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Although there is some difference of opinion.
most see this as the possible savior of the US economy, this time.
CR's summary is: This was a strong report and above expectations. The new orders and employment indexes were especially strong.
However, it is pointed out that this is a survey of multinational companies sales; therefore it may not represent domestic sales to U.S., but sales to the rest of the world.
That is a very different thing, as off-shoring has shown U.S.
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Note that the charts are very different.
The 1st is for this decade. The 2nd is for 4 decades
The 3rd & 4th are for this last year.
What the last two provide U.S. are the sector gains
first in chart form, then in table form
All using the same data, same report, visually very different.
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