Thursday, September 17, 2009

The Auto Rebound... Now What?

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

4 comments:

  1. 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.

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  2. this 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.

    what happens after cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 government is gone will be key.

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  3. http://www.autoobserver.com/2009/09/september-on-track-to-be-years-lowest-for-car-sales.html#more

    This will give you a pretty good idea of where we are heading...

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  4. 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