More on yesterday's industrial production jump. The power of government intervention (i.e. Cash for Clunkers). St. Joe News with cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 details:
Industrial production rose in a fairly broad-based pickup in August, according to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Fed data. The central bank also said production jumped 1 percent in July, twice as much as originally reported. Car manufacturing drove that gain.
Factory output — cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 single-biggest slice of overall industrial activity — also rose for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 second straight month. It posted a 0.6 percent gain in August, following a 1.4 percent rise in July.
Auto production led cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 way, rising 5.5 percent last month due mainly to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 government’s Cash for Clunkers program. That followed a whopping 20.1 percent gain in July.
It will be interesting to see cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 figures for September.
Source: Federal Reserve
mfg production ex-autos is up 2.1% q/q annualised and cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 y/y number is stabilising. There is more evidence of 'distortion' in retail sales than IP, cf. cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 seasonal adjustment factor and comments from ICSC that back-to-school sales moved from Jul to Aug.
ReplyDeletethis was meant to be less of a comment in overall production (my post on that yesterday was that i was surprised to see cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 breadth of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 strength) and more related to autos and what can happen (i.e. a HUGE jump) when cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 government intervenes.
ReplyDeletewhat happens after cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 government is gone will be key.
http://www.autoobserver.com/2009/09/september-on-track-to-be-years-lowest-for-car-sales.html#more
ReplyDeleteThis will give you a pretty good idea of where we are heading...
what happens when cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 govt is gone [ie clunkers is finished]? see france for a template.
ReplyDelete