MANUFACTURING
Insider's Blog
Gardner Business Index for April Falls Slightly
The GBI fell slightly after an 8-month trend of accelerating expansion. The latest reading was supported by readings for supplier deliveries, production and new orders but weighed down by employment and exports.
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Market Reports
Monetary Base Grows Faster than 50% for 7th Month
Much of the coronavirus stimulus from the government is still in place. Further, as of this writing, President Biden will announce his third $1 trillion stimulus plan since he took office at the beginning of the year. Therefore, the monetary base will likely continue to grow, which generally leads to accelerating growth in capital equipment spending.
March Housing Permits at Pre Bubble Bursting Level
It has taken 15 years, unprecedented government stimulus, and a pandemic that drove virtually all office workers to work from home and move out of big cities for housing permits to return to levels seen prior to the housing bubble bursting in late 2006 and early 2007. This is leading to strong growth in the appliance and off-road/construction machinery industries, in particular.