The central bank lifted rates by a quarter of a percentage point but indicated it may pause further increases.
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The construction industry had 341,000 job openings in March, according to an Associated Builders and Contractors analysis of federal data.
The Institute for Supply Management’s monthly Purchasing Managers Index (PMI) remained in contraction territory for a sixth straight month in April.
GDP growth decelerated in 1Q due to a downturn in private inventory investment and a slowdown in nonresidential fixed investment, according to the Bureau of Economic Analysis.
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Cutting tool consumption totaled $196.9M, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology.
Major ports across the U.S. saw their volumes drop last month to levels not seen since before the COVID-19 pandemic.
After a slow finish to an otherwise-robust 2022, revenue growth continued to decelerate to start 2023.
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While overall construction input prices rose slightly from February, they were 0.9% lower than in March 2022.
The increase was above investor expectations of a 0.2% gain, according to a survey by The Wall Street Journal.
The Producer Price Index fell 0.5% in March, the largest decline since the start of the COVID-19 pandemic in early 2020.
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Backlog is down in every region except for the South, which continues to see elevated levels of current and future construction activity.
The Consumer Price Index for All Urban Consumers rose 0.1% in March, down from a 0.4% increase in February.
Year-to-date orders for 2023 totaled $819.6 million, 10.7% below the first two months of 2022, according to a new report.
It followed a 2.1% decrease in January.
Walmart said it expects about 65% of its stores to be serviced by automation by the end of its fiscal year 2026
The sales growth for the 12 months through February 2023 is 16.1% percent, according to a HARDI news release.
