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In this week's The Feldstein, Nov. #manufacturing PMIs, Oct. #construction spending, Nov. #auto sales and the Nov. #employment report are covered in depth...49 pages of in depth, yet digestible, analysis.
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CSN resumes production in Blast Furnace No2 after idling on May 29.
U.S. Steel to restart Gary No. 4 in December.
Happy BOF restart day!!!!
https://t.co/nfnDdrEnbx
October Industrial Production up 1.1% MoM and Sept. revised from -0.6 to% -0.4%. IP Index is down 5.3% YoY. Capacity Utilization increases to 72.8% beating estimates of 72.3%; down 5.3% YoY as well.
2 week moving totals of daily new COVID cases in table.
As of Sun in 6 nations, their 2 wk peak in 1st round, current multiple, then mult. times U.S. peak of 929k.
Chart below from #bloomberg econ. high freq data.
See France multiplier, see France HF in Pink...
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The latest issue of The Feldstein is out covering PMIs, construction spending, auto sales and the employment report as well as COVID and steel industry analysis. https://t.co/nfnDdrEnbx #thefeldstein
Much better than expected payrolls data, Unemployment improves to 6.9%. Manufacturing payrolls slowing.
Deep dive coming in this week's report at https://t.co/nfnDdrEnbx