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Business, Calendar, and Cloud: 2019 Economic Calendar powered by ECONO DAY U.S. & Intl Recaps Event DefinltionsToday's Calendar Industrial Productior Released On 1/18/2019 9:15:00 AM For Dec, 2018 Production - M/M change Manufacturing - M/M Capacity Utilization Rate-Level Prior 0.6% 0.0% 78.5 % Prlor Revised 0.4 % 0.1% 78.6 % Consensus 0.3 % 0.1% 78.4 % Consensus Range 0.0 % to 0.6 % 0.0 % to 0.4 % 767 % to 787 % Actual 0.3 % 1.1% 78.7 % Highlights A surge in motor vehicle production together with construction supplies along with a strong gain for business equipment drove a rare 1.1 percent December increase in manufacturing production that far surpasses Econoday's consensus range where the top estimate was only 0.4 percent. Mining production, at 1.5 percent, also rose sharply in December though utility production, down 6.3 percent and likely reflecting unseasonably warm weather, was an offset as overall industrial production did no more than hit Econoday's consensus at a 0.3 percent gain. Vehicle production, fed by gains for autos and especially light trucks and despite what has been a flat year for vehicle sales jumped 4.7 percent in the month while construction supplies, which have been in short supply for the last year, rose 1.6 percent. Business equipment, which has been in solid demand for the last year, rose 0.5 percent. But consumer goods have not been in demand, unchanged in the month and up only 1.0 percent on the year. And the year-on-year rates tell the story for industrial production, rising 7.8 percent for vehicles and up 5.0 percent for business equipment but up only 2.1 percent for construction supplies. Manufacturing as a whole rose only 3.2 percent in 2018 vs a vast 13.4 percent rise in mining. Utility production fell 4.3 percent last year. The yearly gain for total industrial production was 4.0 percent vs 2.9 percent in 2017 and only 0.5 percent in 2016. Capacity utilization ended 2018 at 78.7 percent, moderate but up from 77.3 and 75.7 percent in the prior two years. Indications from many regional reports were pointing to factory slowing at year end though today's report, and it's definitive set of economic numbers, tells the opposite story - one centered in the unexpected gain for vehicles. Yet separate data on factory orders and shipments are being delayed by the government shutdown and do cloud what to expect for manufacturing's contribution to fourth-quarter GDP Note that traditional non-NAICS numbers for industrial production may differ marginally from NAICS basis figures.
Money, Trap, and Work: GOVERNMENT SHUTDOWN Like Page 4 hrs S FIVE MORE DAYS In just five more days 800,000 "non-essential" government workers can be legally furloughed (i.e. let go forever). It is technically called a RIF reduction in force. All of which begs the questions if they are non-essential why were they employed in the first place, and why have the American taxpayers been paying people who were not needed all these many years? The truth is that many of these non-essential employees are SES members (Senior Executive Services), which are more colloquially known as members of the Deep State or Shadow Government. SES members cannot be fired, but they can be subjected to a RIF Trump has set a trap for the Democrats and they have walked headlong into it. If the Dems do not capitulate in the next 5 days, our government will be much more efficient and the taxpayers will no longer be financing 800,000 people who are not needed. The Dems be forced to either fold or negotiate or else they will lose their grip on the Deep State. So if you have wondered why Trump has not already used his Executive Power to label the border crisis a National emergency, there you have it. If I were to bet, my bet would be on the Dems folding before the 5 days expires. But then, Pelosi and Schumer are not very bright, so I wouldn't put much money on it. If they fold, Pelosi and Schumer will be crippled going forward, but the Deep State will retain its grip on Washington. Either way Trump gains a win he beats Pelosi and Schumer or he hamstrings the Deep State and saves taxpayers a lot of money in the process. (Note: And there are those who still think Trump is not very bright - think again.) Like Comment Share
Fire, Money, and Patriotic: FIVE MORE DAYS! In just five more days 800,000 "non-essential" government workers can be legally furloughed (i.e. let go forever). It is technically called a RIF reduction in force. All of which begs the questions if they are non-essential why were they employed in the first place, and why have the American taxpayers been paying people who were not needed all these many years? The truth is that many of these non-essential employees are SES members (Senior Executive Services), which are more colloquially known as members of the Deep State or Shadow Government. SES members cannot be fired, but they can be subjected to a RiF Trump has set a trap for the Democrats and they have walked headlong into it. If the Dems do not capitulate in the next 5 days, our government will be much more efficient and the taxpayers will no longer be financing 800,000 people who are not needed The Dems will be forced to either fold or negotiate or else they will lose their grip on the Deep State. So if you have wondered why Trump has not already used his Executive Power to label the border crisis a National emergency, there you have it. If I were to bet, my bet would be on the Dems folding before the 5 days expires. But then, Pelosi and Schumer are not very bright, so I wouldn't put much money on it. If they fold, Pelosi and Schumer will be crippled going forward, but the Deep State will retain its grip on Washington. Either way Trump gains a win - he beats Pelosi and Schumer or he hamstrings the Deep State and saves taxpayers a lot of money in the process. (Note: And there are those who still think Trump is not very bright- think again.) 01.4K 776 Comments 3.3K Shares