The October 2023 NFFS Economic Advisor is now available
The October 2023 NFFS Economic Advisor is now available for NFFS members (login required).
In this issue:
- Macroeconomic Outlook: "Growth rate decline in the US economy persists. In September, the annual growth rate of US Total Manufacturing Production fell below zero, indicating year-over-year contraction in the manufacturing sector.”
- Leading Indicator Snapshot: "The U.S. Total Industry Capacity Utilization Rate moved horizontally in September, but general decline is the dominant trend. This signals downward cyclical movement for the US industrial sector through at least the first quarter of 2024."
- Manufacturing Industry Analysis: "Annual U.S. Total Manufacturing Production in September was 0.2% below the year prior."
- A Closer Look: The U.S. Economy – Where Did All the Profits Go? " Annual Corporate Profits fell during the second quarter, the first such decline in Profits since the COVID-induced decline in the first half of 2020."
- And more!
The NFFS Economic Advisor provides economic data that is sourced and compiled on a monthly basis by ITR Economics for members of NFFS. It provides leading indicator trend data and relevant economic news to assist foundries with their internal economic analyses and business planning.