US Factory output is up

https://finance.yahoo.com/news/u-manufacturing-output-beats-…

I will hazard much of this is due to US corporations pulling manufacturing out of China.

snippet:

Manufacturing output increased 1.2% last month after edging up 0.1% in January, the Federal Reserve said on Thursday.

Economists polled by Reuters had forecast factory production accelerating 0.6%. Output jumped 7.4% compared to February 2021.

Manufacturing, which accounts for 11.9% of the economy, has benefited from a shift in spending to goods from services during the COVID-19 pandemic.

2 Likes

I wonder how much of that is due to actual output increases and how much is due to inflated prices of the output?

Mike

Mike,

Regardless of inflation retails sales were off.

This easily can be American manufacturing substituting for Chinese manufacturing. At least in good part. I think this will be a strong trend.