The ABC analysis comes around the same time it was announced that construction prices rose 2.3% in May compared to the previous month.
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Construction prices rose 2.3% in May compared to the previous month, and construction input prices are up 21.4% from a year ago.
April 2022 orders of manufacturing technology totaled $513.4 million, the second month in a row surpassing half a billion dollars.
U.S. manufacturing corporations' seasonally adjusted after-tax profits in the first quarter of 2022 totaled $261.9 billion.
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The Census Bureau says the international trade deficit was $125.3 billion in March, up from $106.3 billion in February.
Privately‐owned housing units authorized by building permits last month approximately 1.87,000, 0.4% above the revised February rate.
The rising cost of energy sent wholesale prices up a record 11.2% last month, according to the U.S. Bureau of Labor Statistics.
Heating, Air-conditioning & Refrigeration Distributors International released its monthly report, showing 25.1% average annual sales growth.
American Supply Association members who responded to a survey said median sales increased 27% in February versus the same month a year ago.
After 9 straight monthly increases, new orders decreased $2.7 billion, or 0.5%, to $542 billion, according to Census Bureau data.
The personal consumption expenditures index, which is monitored by the Federal Reserve, jumped 6.4% in February.
A new estimate from the Bureau of Economic Analysis says real gross domestic product increased at an annual rate of 6.9% at the end of 2021.
An Associated Builders and Contractors analysis of Producer Price Index data shows construction input prices are up 24.4% from a year ago.
The combined value for January, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,784.8 billion.
Manufacturing technology orders for the month totaled $436.6 million, according to the latest U.S. Manufacturing Technology Orders Report.
The year-over-year increase reflected the 12 months ending in February and was the biggest spike in 40 years, the Labor Department says.
Exports were $224.4 billion, $3.9 billion less than December exports. Imports were $314.1 billion, $3.8 billion more than December imports.
The Fastener Distributor Index recovered in February to 56.0, rebounding after January’s seasonal-adjustment-driven downtick.
Real gross domestic product increased at an annual rate of 7% in the fourth quarter of 2021, according to the ‘second’ BEA estimate.
