Pantheon Macroeconomics - The combination of weather effects and the meltdown in the oil sector make it very hard to spot the underlying trend in manufacturing activity. The sudden collapse in oil-related capital spending likely is holding down production of equipment, but the data don't provide sufficient detail to identify the hit with any precision.

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15 Apr. 2015 Plunging utility output and oil well-drilling to depress March IP

By Ian Shepherdson

The combination of weather effects and the meltdown in the oil sector make it very hard to spot the underlying trend in manufacturing activity. The sudden collapse in oil-related capital spending likely is holding down production of equipment, but the data don't provide sufficient detail to identify the hit with any precision.

Posted: 15th Apr 2015 in 'U.S. Documents'

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