It was a strong year-over-year growth month and sequential rebound from a month-to-month decline in July.
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MDM’s team has been on the fall conference tour. Here, Tom Gale and IRCG’s Mike Marks compare notes from conversations at Affiliated Distributors, NetPlus and ISSA's recent summits, as well as MDM’s SHIFT event. They also cover the latest Baird-MDM quarterly MarketPulse survey, with most distributors reporting double-digit growth amid few signs of a slowdown.
Because of lingering inflation, the Fed may enact a fourth straight 0.75-percentage-point increase to interest rates in the coming weeks.
Construction input prices dipped 0.1% in September compared to the previous month but remained 41% ahead of February 2020 pre-COVID levels.
Backlog is once again above the level observed at the start of the pandemic, according to the Associated Builders and Contractors.
The increase snapped a streak of four consecutive months in which orders of manufacturing technology declined.
Sliding new orders, employment, supplier deliveries and prices all factored into the latest reading, which showed further deceleration in expansion.
Led by declines in production-related indicators, the Chicago Fed National ActivityIndex decreased to a neutral value in August from +0.29 in July.
The latest 0.75 percentage point increase brings the Fed's benchmark interest rate to its highest mark since early 2008.
Builder confidence in the market for newly built single-family homes fell again in September.
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Year-to-date dollar volume ended July running about 15% lower than 2019.
It may signal a return to typical demand patterns after two years of solid gains driven by foreign investment.
Red flags remain, but strong 2Q financial reports from major companies have quelled some immediate fears of a possible recession.
Indices for new orders and employment had solid month-to-month gains, while production, inventories and prices had notable declines.
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Automotive powered much of the gain, which was a strong rebound after declines in June and May.
June's total ticked up 0.3% from May and was up 2.2% year-over-year.
