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.
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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.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.9% during the month.
Wholesale trade shows improvement from same month in 2020 and was also up from the previous month of March — albeit at just 0.8% — according to the latest report from the U.S. Census Bureau.
Manufactured durable goods, which had increased 11 consecutive months, had been up 1.3% in March.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit declined while wholesale inventories increased in April.
Current dollar GDP increased 11% at an annual rate, or $566.3 billion, in the first quarter to a level of $22.1 trillion
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.4% during the month.
The seasonally adjusted Fastener Distributor Index (FDI) for April was 58.7, down from 66 in March due to global supply chain issues.
Construction spending for the third month of 2021 was up 0.2% from the previous month of February.
The growth marks a steady improvement from the fourth quarter of 2021, when real GDP increased 4.3%.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories both increased in March.
Manufactured durable goods have increased 10 out of the last 11 months, with February the only decline in nearly a year.
Latest Chicago Fed National Activity Index (CFNAI) shows that all four broad categories of indicators used to construct the index made positive contributions in March, and all four improved from February.
