Ten industries reported growth in production during the month.
Pump Market Analysis
Average hourly wages were up 4.8% in November over the previous year.
Companies and suppliers continue to deal with hurdles to meet increasing demand despite increasing prices.
Factories waiting longer for supplies.
Renewed concerns over COVID-19 took a toll on hiring in August.
Renewable energy consumption increased to a record high of 11.6 quads.
The Employment Index experienced the largest drop of the month falling to 50.9%.
Pump market analysis shows Backlog of Orders Index surged to a record high.
The employment index was up 5 points from last month.
Wall Street pump & valve industry watch for April 2021
Global demand for petroleum products fell significantly in 2020.
Latest market analysis shows production index rose to a near decade-long high of 64.8% .
Fabricated metal products, chemical products, computer and electronic products, transportation equipment, and food, beverage and tobacco products registered growth in November.
The Jordan, Knauff & Company (JKC) Valve Stock Index down 17.3 percent over the last 12 months.
Month-over-month global consumption of crude oil rose by 1 million barrels per day (b/d) during August and September.
Markets rallied for the fourth consecutive month in July despite the resurgence of coronavirus in as many as 24 states.
Over the past two months, payrolls in the U.S. have rebounded 7.5 million, as businesses reopened.
Suppliers' deliveries to manufacturers was slower in May due to plant shutdowns, transportation challenges and importing difficulties.
Gross domestic product in the U.S. declines at an annualized rate of 4.8 percent in the first quarter of the year.