Economist

Richard Iley

Macroeconomics

<div class="content-highlight"><p><strong>Incoming regional manufacturing surveys, particularly the Philly Fed survey, suggest that the US's manufacturing boom remains in full swing. Two factors merit special attention. First, the Philly Fed's bellwether capex intentions balance held near 30-year highs in September, signalling that animal spirits remain robust and the capex recovery continues. Second, the Dallas Fed's manufacturing survey was also buoyant in September, suggesting that the Hurricane Harvey-related weakness seen in the</strong>…</p></div>

Incoming regional manufacturing surveys, particularly the Philly Fed survey, suggest that the US's manufacturing boom remains in full swing. Two factors merit special attention. First, the Philly Fed's bellwether capex intentions balance held near 30-year highs in September, signalling that animal spirits remain robust and the capex recovery continues. Second, the Dallas Fed's manufacturing survey was also buoyant in September, suggesting that the Hurricane Harvey-related weakness seen in the…

US: Manufacturing Boom! - Part II