A tight labor market, unbalanced federal regulations, and critical policy debates continue to confront the sector, according to a new study.
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August’s 0.6% month-to-month accelerated from a 0.2% increase the previous two months, according to the latest data.
New orders of manufacturing tech totaled $353.9 million in July 2023, according to the latest U.S. Manufacturing Technology Orders Report.
Total inventories of merchant wholesalers were $902.3 billion at the end of July, down 0.2% from the prior month.
The annual sales growth for the 12 months through July 2023 is 6.2% percent, according to a HARDI news release.
New orders for manufactured goods in July decreased month over month to $12.7 billion, a 2.1% decline from June.
Construction spending during July 2023 was estimated at a seasonally adjusted annual rate of $1.97 trillion.
While in contraction territory for a 10th straight month, a handful of key subindexes trended positive vs. July.
The increase in real GDP reflected increases in consumer spending, nonresidential fixed investment, and state and local government spending.
New orders for manufactured durable goods in July were down following four consecutive monthly increases, according to U.S. Census Bureau data.
Association data shows metalformers anticipate a modest improvement in incoming orders, while shipping levels declined further in August.
Manufacturing output rose 0.5% in July, but the growth rates for the previous three months were revised down.
The U.S. Cutting Tool Institute has optimism that tool sales for the remainder of the year will be positive as hiring pressures ease
New orders of manufacturing technology totaled $411.3M in June, according to the latest U.S. Manufacturing Technology Orders Report.
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July's PPI increased at a faster pace in July vs. June, with core CPI posting its biggest one-month increase since February.
Total inventories of merchant wholesalers, except manufacturers’ sales branches and offices, also declined during the month.
Consumer prices increased at a slightly higher pace than in June, while core inflation ticked downward.
The annual sales growth for the 12 months through June 2023 is 6.3% percent, according to HARDI's monthly report.
New orders for manufactured goods in June — up 6 of the past 7 months — increased $13.4 billion or 2.3%.
