According to the Industrial Production and Capacity Utilization Report, industrial production increased just 0.4% during the month due to weather-related disruptions.
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But new orders placed in July marked a 5.6% decrease from the previous month of June, according to the most recent U.S. Manufacturing Technology Orders report.
Wholesale trade shows improvement from same month in 2020 and was also up from the previous month of June, according to the latest report from the U.S. Census Bureau.
U.S. Census Bureau’s final report on new orders for manufactured goods shows improvement for 14 of the last 15 months.
Year-over-year, the goods and services deficit decreased $3.2 billion, or 4.3%, from June.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit declined while wholesale inventories increased in July.
Current dollar GDP increased 13.2% at an annual rate, or $693.2 billion, in the second quarter to a level of $22.7 trillion.
The decrease, down following two consecutive monthly increases, followed a 0.8% June increase.
The Chicago Fed National Activity Index (CFNAI) was +0.53 in July, up from –0.01 in June.
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