There was modest improvement in
factory sector activity, as growth in the new orders escalated, production expanded and the ISM headline figure indicated growth for the first time in six months.
Inventories rose a steady 0.3 percent in a March report which, in sum, points to an aircraft -
led factory sector that looks to contribute significantly to the 2018 economy.»
China's
factory sector struggled to gain speed in September while Japanese inflation went backwards in August despite the best efforts of policymakers, underscoring the limits of stimulus in reviving world growth.
Factory Orders, March 2018: «February and March were good for the nation's
factory sector with new orders up 1.6 percent in both months.
Firmer factory sector production led the increase with a 0.8 % rebound (2.0 % y / y) after a 0.4 % January drop.
What's more, the investments in new plants and equipment spurred by a falling loonie will boost the falling productivity of Canada's
neglected factory sector, creating a virtuous cycle.
Decline indicates that activity in
the factory sector has taken a hit on worries about global demand and a drop in oil prices.
«Seldom do things look this bad for
the factory sector outside of recession,» said Tim Quinlan, an economist at Wells Fargo Securities in Charlotte, North Carolina.
Monday's drop came after the Chinese economy showed increased signs of weakness; industrial profits fell and
the factory sector slipped.