Industrial Insight

Amidst pessimism, plenty of reason for manufacturing to be upbeat… | September 1, 2010

http://scottgrannis.blogspot.com/2010/08/20-bullish-charts.html

Wednesday, August 25, 2010

20 bullish charts

Pessimism is rampant, and most of the articles and commentaries I see have some doom-and-gloom flavor to them; indeed, many pundits are already claiming to see a double-dip recession either in progress or as imminent.

Capital spending has grown at an impressive rate since the end of the recession, with no signs yet (assuming the July numbers contained a faulty seasonal adjustment, as I detailed in an earlier post today) of any slowdown. Strong capex reflects at least some positive degree of confidence on the part of businesses, and that is a leading indicator of future growth in the economy.

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