Markets were volatile due to fears of continued interest rate hikes.
Wall Street Pump and Valve Industry Watch
The S&P 500 posted its best January since 2019.
The markets finished the year with their worst results since 2008.
Any unplanned supply disruption has the potential to increase oil prices quickly and significantly.
Exploration activity has been up and down this year.
The employment index fell back into contraction territory.
Amid concerns about slower growth for the global economy, the Export Orders Index slipped into contraction territory.
Government spending declined for a third straight quarter.
Major stock indexes have fallen in the last year.
Customer inventories had its largest decline in six months.
The Jordan, Knauff & Company (JKC) Valve Stock Index was up 7.3% over the last 12 months, and the broader S&P 500 index was up 12.7%.
Some key inputs used in manufacturing semiconductors come out of Russia and Ukraine.
Economic growth was robust throughout 2021 as vaccinations increased and stay-in-place behaviors began to abate.
Ten industries reported growth in production during the month.
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.
Despite volatility in global oil markets, U.S. crude oil exports hit a record high in 2020 and remain high in 2021. High oil prices have contributed to steady crude oil exports.
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%.