Manufacturing & industrial

Isolates factory output from mining/utilities, the cleanest read on manufacturing volume trends driving industrial revenue.

Tracks output of long-lived goods (machinery, autos, equipment) most sensitive to capex cycles and rate-driven demand.

Measures output of consumable goods (chemicals, food, paper) — steadier demand that signals consumer-staples-linked industrial activity.

Captures extraction-sector output, a direct demand signal for drilling equipment, OCTG, and mining machinery.

Directly measures auto-sector production volume, the key throughput metric for automakers and their parts supply chain.

Share of installed capacity in use — high utilization signals pricing power and capex need; low signals idle assets and margin pressure.

Factory-specific utilization, the leading indicator for when manufacturers must add capacity (capex) and where pricing power emerges.

Forward-looking demand signal for big-ticket manufactured goods, a primary driver of future production and industrial backlogs.

The 'core capex' proxy — cleanest read on business investment intent in equipment, stripping out volatile aircraft/defense.

Broadest new-orders gauge across durables and nondurables, leading total factory demand and revenue.

Order backlog — a buffer of future revenue and a tell on whether demand is outpacing production capacity.

Factory-level inventory stock — rising levels can foreshadow production cuts and destocking pressure on suppliers.

Economy-wide inventory level across manufacturing, wholesale, and retail — the stock side of the inventory cycle.

Bellwether of the inventory cycle — a rising ratio flags overstocking, looming destocking, and weakening orders for upstream producers.

Manufacturing-specific inventory-to-sales, a tighter read on factory destocking risk than the all-business ratio.

Actual realized durable-goods revenue shipped, converting orders/backlog into recognized sales for industrial producers.

Total dollar value of goods shipped across all manufacturing — the top-line revenue proxy for the factory sector.

Direct read on manufacturing labor cost per hour, a key input to industrial gross-margin pressure.

Output-price inflation for manufactured goods — the pricing-power side of the margin equation against input costs.

Final-demand producer prices, the canonical headline PPI gauge of cost/price pressure passing through the industrial supply chain.

Dealer auto stock relative to sales — a leading signal for vehicle production cuts and parts-supplier demand.

Units of domestically assembled autos, the direct throughput metric for North American vehicle and component output.