Abstract On the 30th Beijing time, Bloomberg said that the US manufacturing sector has just completed its spring training. The plunge in oil prices since mid-2014 has hit manufacturers in the energy industry, and the rise in the dollar has hindered manufacturing activity as a whole, but these unfavorable factors have...
On the 30th Beijing time, Bloomberg said that the US manufacturing sector has just completed its spring training. The plunge in oil prices since mid-2014 has hit manufacturers related to the energy industry, while the dollar's rise has hampered manufacturing activity as a whole, but these unfavorable factors are no longer enough for Goldman Sachs to weaken its recent optimism about US manufacturing. ".
The Philadelphia, New York, Richmond, Kansas City, and Dallas Fed surveys of regional manufacturing conditions all showed significant improvements in manufacturing in March:
Increased manufacturing activity prompted Goldman Sachs analyst Elad Pashtan to think about whether US manufacturing has turned around.
Pashtan observed that the cumulative improvement in the results of the Fed survey in these regions hit the highest monthly increase in history.
The analyst said that the results of the survey showing improved manufacturing have also been supported by other indicators such as rail freight volume, trucking activities and container shipping volume.
Goldman Sachs is expected to announce on Friday that the US March ISM Manufacturing Purchasing Managers Index will break above the 50-point boundary.
“However, the recovery in manufacturing is likely to be fragile, as the slowdown in car sales and the risk of further dollar appreciation could derail the recovery,†Pashtan cautioned.
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