Year-to-date, the goods and services deficit decreased $23.1 billion, or 7.8%, from the same period in 2019.
Heating, Air-conditioning & Refrigeration Distributors International’s monthly TRENDS report shows a huge spike in HVAC distributors’ revenue, marking a “solid start for the cooling season,” says HARDI analyst Brian Loftus.
In lieu of annual conference, which was to take place this October in Atlanta, the organization will offer virtual networking opportunities and resume the live event in 2021.
Latest CFNAI shows that three of four broad categories of indicators used to construct the index made positive contributions in June, and two of the four categories increased from May.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 7.2% during the month, but it was still 11.1% below its pre-pandemic February level.
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Construction spending during May 2020 was estimated at a seasonally adjusted annual rate of $1,356.4 billion, up 0.3% from the May 2019 estimate of $1,352.9 ...