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A preliminary look at economic conditions in the U.S. manufacturing sector during February shows they improved at a slightly slower pace than the 22-month peak seen during January.
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Three new economic reports add to increasing evidence the U.S. economy will have a better overall first quarter of the year than the final three months of 2016.
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Retail sales, one of the largest drivers of the U.S. economy, advanced in January, pointing to increased overall growth in the first quarter of the year. At the same time, prices on the retail and wholesale level posted big gains, and the manufacturing component for industrial production ticked higher.
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The amount of for-hire freight moved across multiple transportation modes increased 1% in December from the month before, marking the third consecutive monthly gain, according to the Transportation Department.
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Intermodal freight volumes returned to growth in the fourth quarter of 2016, posting a 1% year-over-year increase that tempered volume declines earlier the year, according to the Intermodal Association of North America.
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Employers in the U.S. continue to add people to their payrolls at a healthy pace, and there is mounting evidence that the nation’s manufacturing sector is coming out of the doldrums.
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The U.S. manufacturing industry kicked off the year with its strongest performance in two years, according to a new report, while a separate one about the sector plus others regarding employment, personal spending and incomes all points to increased economic growth.
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Earnings for trucking and logistics company Werner Enterprises Inc. took a bit of a dive in not just the final quarter of last year but for all of 2016 as it said it continued to make a significant investment in its business.
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Truckable Economic Activity, the parts of Gross Domestic Product that spends time in trucks, looks to be getting off to a strong start in 2017.
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The widest measure of U.S. economic growth slowed in not just the final quarter of last year but for all of 2016. However, that performance wasn’t so much due to weakness here at home.
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