This increase, up seven of the last eight months, followed a 0.3% increase in September.
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U.S. producer prices increased less than expected in October, according to data released by the U.S. Bureau of Labor Statistics.
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The Wall Street Journal reports the layoffs would affect about 3% of corporate staff, not hundreds of thousands of Amazon warehouse workers.
After surpassing its pre-pandemic level in September, backlog is now back below the reading observed at the start of the pandemic, according to ABC.
New orders of manufacturing technology totaled $519.3 million in September 2022, a 13% increase from August, according to a new AMT report.
Last month, the Consumer Price Index was up 7.7% from October 2021, according to data from the Bureau of Labor Statistics.
An economic slowdown within the next 12 months is looking increasingly likely, according to economists.
On a year-over-year basis, industry employment has risen by 266,000 jobs, an increase of 3.6%, according to Associated Builders and Contractors.
The average annual sales growth for the 12 months through September 2022 is 23.5% percent, HARDI announced.
Key sub-indexes of orders, production and employment each rose from Sepember, but were more than offset by declines elsewhere.
The construction industry had 422,000 job openings in September, according to an Associated Builders and Contractors’ analysis.
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Prices climbed about 6.2% last month compared to a year earlier, the same rate as in August, according to the Commerce Department.
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The increase in shipping rates comes amid a slew of changes for UPS in 2023.
Tom Gale and Mike Marks look at unique and deeper factors the current market outlook is triggering for distributors — and the underlying longer-term positive trends where near-term opportunity may also exist.
Trucks moved 10.93 billion tons of freight, up from 10.23 billion tons the previous year, according to the American Trucking Associations.
The increase in production was in part thanks to oil and autos bouncing back after a lackluster August.
