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| Abduction of Europe (Photo credit: Bernt Rostad) |
Although Europe clearly has some severe issues, the situation is much better in the U.S. market. While the jobs picture is still cloudy, the industrial side of the equation is looking much more robust.
Recent data suggests that industrial production levels are rising at a solid clip, led by strength in manufacturing and even a move higher in the capacity utilization rate. In fact, this figure is now approaching 80% while inventories are still at a healthy level.
However, while the economy may be improving ever so slightly in the U.S., the sentiment regarding the industrial sector has been decidedly negative as of late. This reversal is partially due to weakness in some of the regional Fed reports and durable goods orders, while fears over lower European and emerging market demand haven’t helped matters either... Continue to read.
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