US manufacturing just posted some wild numbers.
Philly Fed Manufacturing Index hit 47.4 in August—highest since April 2021. That's manufacturers across eastern PA, southern NJ, and Delaware.
But the real story is forward-looking:
• Future business conditions jumped to 73.6—highest since the 1980s, biggest monthly spike ever
• Future new orders hit 66.0—best since June 2021
• 6-month capex forecast at 48.2—highest since the 1970s
This isn't just a bounce. Companies are planning real investment.
Manufacturing has been written off for years. Now it's quietly gaining serious momentum. Worth watching if this spreads beyond the Mid-Atlantic.
Philly Fed Manufacturing Index hit 47.4 in August—highest since April 2021. That's manufacturers across eastern PA, southern NJ, and Delaware.
But the real story is forward-looking:
• Future business conditions jumped to 73.6—highest since the 1980s, biggest monthly spike ever
• Future new orders hit 66.0—best since June 2021
• 6-month capex forecast at 48.2—highest since the 1970s
This isn't just a bounce. Companies are planning real investment.
Manufacturing has been written off for years. Now it's quietly gaining serious momentum. Worth watching if this spreads beyond the Mid-Atlantic.
