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%.
Year-to-date construction spending through the first half of the year was up 3.0% vs. 2022.
For a second straight month, none of the PMI's 10 subindexes registered monthly expansion.
The official manufacturing purchasing managers’ index (PMI) was 49.3 in July, data from the National Bureau of Statistics showed.
After years of financial trouble and recent labor disrupts, North America’s third largest truck carrier is filing for bankruptcy.
The Conference Board Consumer Confidence Index rose again in July to 117.0, up from 110.1 in June and to the highest level since July 2021.Â
It was the fourth consecutive monthly increase, and more than twice the increase of May.
Amid cooling inflation, that figure is an acceleration from 1Q's 2.0% growth.
The increase follows a one-month pause in June and despite recent sharp declines in wholesale and consumer inflation rates.
Inconsistent, sluggish revenue numbers dogged some distributors during the second quarter, according to the latest Baird-MDM survey.
The decline reflected a broad industrial deceleration, led by a contraction in consumer durable goods.
MDM's annual Mid-Year Economic Forecast webcast provided a current snapshot of market conditions and what to expect in a likely bumpy road ahead.
The strong growth figures suggest that metal-cutting production has not been drastically affected yet by an industrial slowdown.
Compared with 2022, TEU volume was down 16.1% in June, but up 6.0% from pre-pandemic June 2019, according to Descartes.
