Dallas Fed manufacturing business index 14.0 vs 2.0 prior

• Prior was 2.0
• Manufacturing output 14.5 vs 16.6 prior
• New orders 23.1 vs 20.0 prior
• Shipments 23.5 vs 8.6 prior
• Prices paid for raw materials 73.4 vs 62.1 prior
• Employment 18.4 vs 27.7 prior

This is a good reading after a fall from 7.8 to 2.0 last month.

Selected comments in the report:

- Concerns remain as supply-chain issues continue to increase on delivery of materials associated with maintenance and capital construction. Delivery dates are extending, or not even being committed to. The continued increase in inflationary pressures as well as the price of oil is significantly impacting the cost of doing business and forcing pricing increases to our customers.

- Demand remains strong and most customers expect it to maintain at least through the end of the year. I attended the International Home Builders Show last week in Orlando and everyone was optimistic regarding home building the balance of this year and possibly beyond.

-Manufacturing is the first to see cost increases and the last to be able to pass those increases on. Since September of 2021, we have seen the cost of production rise 40 percent. Prices have been adjusted accordingly and business activity has decreased, presumably from the shock of price increases to the buyers. Please quit printing money; quantitative easing Quantitative Easing Quantitative easing (QE) is a monetary policy in which a central bank buys government bonds or other financial assets in order to inject money into the economy to expand economic activity.One of the byproducts if not goal of QE is to help drive down the value of a currency, thereby making one’s exports, equities, and other products more affordable on a global stage.QE is considered an unconventional form of monetary policy and is usually used when inflation is very low or negative or when standa Quantitative easing (QE) is a monetary policy in which a central bank buys government bonds or other financial assets in order to inject money into the economy to expand economic activity.One of the byproducts if not goal of QE is to help drive down the value of a currency, thereby making one’s exports, equities, and other products more affordable on a global stage.QE is considered an unconventional form of monetary policy and is usually used when inflation is very low or negative or when standa Read this Term since 2008 has destroyed our dollar.

-We have been hit with many increases in raw material prices; however, we have been able to pass this to our customers with price increases. I have never seen it easier to raise prices, as customers almost expect it now.

-Capacity is completely booked for 2022. Many customers are asking for 40–50 percent increases in shipments, and we can bring on 10–15 percent with perfect execution.

-The decrease in COVID cases brings more confidence.

-Raw material price increases are occurring so rapidly, and our company is having trouble adjusting our pricing to customers quickly enough to reflect the internal increases.

-We are predicting a downturn. The effect of strong inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term and rising interest rates will have a negative bias to the economy in general. (paper manufacturing)

-We continue to be quite a bit busier at this time of our fiscal year than we were last year at this time. We are four months into our fiscal year and tracking almost 50 percent above incoming orders, with some very large projects lining up for the upcoming months. I can’t explain it but am very glad to have the work, other than dealing with monster supply-chain issues and ever-increasing costs for materials and shipping.