Factory strength matters for industrial commodities, including oil, and RatingDog's finding that manufacturers' input costs are being pushed up by metals and oil suggests demand for those inputs is holding up. Still, the official readings sit close to the 50 line and domestic demand remains weak, so the market is likely to keep looking to policy support for further upside.
Factory strength matters for industrial commodities, including oil, and RatingDog's finding that manufacturers' input costs are being pushed up by metals and oil suggests demand for those inputs is holding up.
Still, the official readings sit close to the 50 line and domestic demand remains weak, so the market is likely to keep looking to policy support for further upside.
The gap between the official 50.1 and the private-sector 52.1 will also draw attention, since it leaves the strength of the recovery open to debate.
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Factory strength matters for industrial commodities, including oil, and RatingDog's finding that manufacturers' input costs are being pushed up by metals and oil suggests demand for those inputs is holding up. Still, the official readings sit close to the 50 line and domestic demand remains weak, so the market is likely to keep looking to policy support for further upside. The gap between the official 50.1 and the private-sector 52.1 will also draw attention, since it leaves the strength of the recovery open to debate.
The manufacturing new orders sub-index was 50.5 and production was 51.7.
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