The Chicago Fed National Activity Index (CFNAI) was +0.53 in July, up from –0.01 in June.
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Technology orders were up 49% year-over-year in June, according to the latest U.S. Manufacturing Technology Orders report by AMT.
Wholesale trade shows improvement from same month in 2020 and was also up from the previous month of May — albeit at just 2% — according to the latest report from the U.S. Census Bureau.
Year-over-year, the goods and services deficit increased $4.8 billion, or 6.7%, from May.
The 17.2% average annual sales growth through June was down slightly from May, according to HARDI’s TRENDS report.
Construction spending for the last month of the second quarter was also up 0.1% from the previous month of May.
The increase in real GDP in 2Q reflected increases in personal consumption expenditures (PCE), nonresidential fixed investment, exports, and state and local government spending, according to the Bureau of Economic Analysis.
The U.S. Census Bureau said on Wednesday that wholesale inventories in June were up 10.2% from the same month a year ago.
Manufactured durable goods, up 13 of the last 14 months, followed a 3.2% May increase.
Latest Chicago Fed National Activity Index (CFNAI) shows that three of the four broad categories of indicators used to construct the index made positive contributions in June, but two categories declined from May.
And housing starts are up compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
The U.S. Census Bureau reported the combined value of distributive trade sales and manufacturers’ shipments and inventories for May increased by 28.7% from the same month in 2020.
In 2Q, total industrial production rose at an annual rate of 5.5%, according to the Federal Reserve's latest Industrial Production and Capacity Utilization Report.
The seasonally adjusted Fastener Distributor Index (FDI) for June was 55.8, down from 61.8 in March due to global supply chain issues.
Wholesale trade showed a marked improvement from the same month in 2020, and was also up slightly from April.
The 17.6% average annual sales growth for the 12 months through set a new record for HARDI distributors.
The increase in real GDP in 1Q reflected increases in personal consumption expenditures (PCE), nonresidential fixed investment, federal government spending, residential fixed investment, and state and local government spending.
The latest Chicago Fed National Activity Index (CFNAI) found that three of the four broad categories of indicators used to construct the index chipped-in positive contributions in May.
And housing starts are up compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
The U.S. Census Bureau reported the combined value of distributive trade sales and manufacturers’ shipments and inventories for April increased by 40% from the same month in 2020.
