Capacity Utilization, A Broad Leading Economic Index, Railcar Freight, Domestic Auto Sales, and Confidence
Some broader indicators
Capacity usage for manufacturing and production has been recovering well:
This useful composite leading index basically says if economic conditions are in good shape (positive) or bad shape (negative). It’s been positive for a little bit but has recently pulled back just a tad:
Railcar freight has recovered from the perspective that it has returned back to its declining trend (though to really get excited we’d want to see more of an upturn):
Domestic autos, on the other hand, have been down and down:
And, confidence has looked even worse:
Generally, some things may look okay economically but people are just generally not happy. What a surprise, there is more to general sentiment than whether or not the economy is in good shape.
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