Good Economic Data - From the Federal Reserve II

Frankly, I am amazed by all the data that the Federal Reserve staff publishes. It covers so many disciplines.  I cannot begin to name them all, I suggest you take a look on the website.

However, one of my favorite publications is Industrial Production and Capacity Utilization.  If you love manufacturing data, this is the one for you.  I am not aware of any data that comes close to this piece. As an economic indicator, it is in a class by itself.  It is a monthly release, but not always on the same day.  The publications on the website go back to 1997. It runs 19 pages and consists of 15 tables.

This monthly publication looks at industrial production, plant capacity, and plant utilization for various manufacturing industries, mining, and utilities in the United States. This is the essence of manufacturing data. In fact, 89 industries are indexed. I know this is not necessarily the best explanation of the publication. In fact, the Federal Reserve does a far better job describing what each component is and I encourage you to read it.  I will simply add that if you enjoy all aspects of manufacturing, then this report is a must read to keep track of various industries and the health of these vital U.S. economic sectors. 

Link: https://www.federalreserve.gov/releases/g17/default.htm .  

Good Economic Analysis - From the Federal Reserve I

 I read alot of economic data.  It comes from magazines I subscribe to, the federal government, banks, etc.  The list goes on.  

Frankly, we have an abundance of economic data to read.  What is often lacking is analysis.  One of my favorite sources is the Federal Reserve. And one of my favorite publications is the Beige Book. That is the common reference.  The full name is Summary of Commentary on Current Economic Conditions by Federal Reserve District.  I prefer the Beige Book.

This publication comes out eight times a year. It is packed with anecdotes and analysis.  It starts with a brief national overview and summary of every region. Next, each region is discussed in great detail. Now do not ask me about the regions, I too question the methodology. (you might too after seeing the regions)

That should not detract from the value of the report. It is an easy read. Consider each one like this. You just listened to a detailed economic data presentation by an esteemed economist.  If you are like me, you might be scratching your head and asking what does it all mean. The Beige Book is the response. A quick read about economic conditions across the United States by region.  It is easily understood and you do not doubt the sources or the analysis.  A truly valuable and unique publication.

If you doubt my word, read the intro on the website.  

Link:  https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm.