U.S. Manufacturing Outlook
The latest headline for durable goods orders has convinced some observers that the U.S. manufacturing sector is now on a stable road to recovery. However, the less volatile year-over-year percentage change of new orders for non-defense capital goods excluding aircraft was rather disappointing.
In this context, ECRI’s U.S. Leading Manufacturing Index (USLMI), which is designed to anticipate turning points in manufacturing activity, cuts through the noise and reveals how the manufacturing sector will perform in the coming months.