US Factory output is up

Investment Analysis Clubs Macro Economic Trends and Risks
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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
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I wonder how much of that is due to actual output increases and how much is due to inflated prices of the output?

Mike

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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.