Pricing powered a third straight month in expansion territory. However, PMI survey commentary was overall negative, with numerous respondents citing Iran war impacts.
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PMA's latest business conditions report showed a considerable downgrade in near-term optimism.
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It was the fourth straight monthly decline for private nonresidential spending, which is now down 8% from its December 2023 all-time high.
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It was another monthly sales gain, though far less robust than in December.
The monthly topline producer price increase was more than double what economists forecasted.
Most Fed officials still expect at least one modest rate cut later this year.
U.S. industrial output edged up in February, cooling from the prior month's near-one-year high as utilities retreated and capacity utilization remained below its long-run average.
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That’s half the growth from the initial estimate and a fraction of the 4.4% seen in 3Q.
It suggests housing market momentum after two solid growth months beat expectations to start the year.
The strategic shift comes alongside what UPS describes as the largest network reconfiguration in its 118-year history. Here’s the key details and what distributors should watch for.
It continues a solid growth period for the market after 2025 shipments ended the year up 2.5% annually.
A largely neutral February likely gives the Federal Reserve more reason to maintain interest rates when the group meets on March 17-18.
Orders sunk from their December record high, but were up year-over-year despite volume maintaining a longer-term low trend.
A modest January same-day sales decline follows a larger decline in December, though HARDI said the soft past couple months isn't out of the ordinary for seasonality.
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The modest decrease suggests sustained early-year momentum as 12 of 17 manufacturing sectors remained in growth territory.
