Factory output matched its largest one-month decline since June.
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Consumption slide month-to-month, while year-to-date orders outpaced 2022’s first nine months by 8.1%.
Wholesale prices for final demand goods fell 1.4% in October, largely driven by a major drop in the price of gasoline.
U.S. consumer prices were unchanged in October vs. September, while the annual rate continued to decelerate.
The year-over-year and year-to-date figures were down by far more.
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Machinery and auto parts inventory drove the first monthly gain since February.
Insights from MDM's annual conference and Baird's quarterly survey highlight a month that overflowed with Premium content.
The annual sales growth for the 12 months through September 2023 is 3.5%.
August’s growth was considerably revised upward, from 0.5% to 1.0%, according to new data from the Census Bureau.
'Economic activity expanded at a strong pace in the third quarter,' the central bank said in a statement Nov. 1.
It followed two straight months of improvement, retracting further into contraction territory.
Following 2 consecutive monthly decreases, new orders increased $13.2 billion (or 4.7%) to $297.2 billion, the Census Bureau said.
It dwarfs the 2.1% growth seen in 2023's second quarter.
U.S. cutting tool consumption totaled $219.2M, according to the U.S. Cutting Tool Institute and Association For Manufacturing Technology.
Industrial production increased 0.3% during the month and advanced at an annual rate of 2.5% in the third quarter.
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Over the past 12 months, the all-items index increased 3.7% before seasonal adjustment, according data from the federal government.
Nonresidential construction input prices increased 0.2% for the month as well, according to Associated Builders and Contractors.
James Dorn joins MDM's Tom Gale to bust the myth of not being able to grow both top-line revenue and margin in challenging market conditions.
