The goods and services deficit was $67.1 billion in October, down $14.3 billion from $81.4 billion in September, according to a new report.
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The industry added 31,000 net jobs in November, according to an Associated Builders and Contractors analysis of U.S. labor data.
The overall economy grew again as the manufacturing PMI registered 61.1%, according to the Manufacturing ISM Report on Business.
Spending during October 2021 was estimated at a seasonally adjusted annual rate of $1.598 trillion, according to the U.S. Census Bureau.
Some sectors see price increases beyond expected pandemic-related turbulence while job growth levels reflect larger national trend.
The international trade deficit was $82.9 billion in October, down $14.1 billion from $97.0 billion in September, the Census Bureau said.
Real GDP increased at an annual rate of 2.1% in 2021 3Q, according to the second estimate released by the Bureau of Economic Analysis.
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Advance U.S. selected services total revenue for 2021 3Q was $4,524.9 billion, an increase of 3.7% over 2021 2Q and up 15.2% from 2020 3Q.
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Privately‐owned housing units authorized by building permits in October 2021 were 4% above the prior month’s rate and 3.4% above the October 2020 rate.
Industrial production rose 1.6% in October after falling 1.3% in September, according to a report from the U.S. Federal Reserve.
Census Bureau reports combined value of distributive trade sales and manufacturers’ shipments for Sept. was estimated at $1,669.7 billion.
U.S. retail and food services sales for October 2021 were $638.2 billion, an increase of 1.7% over September and 16.3% above October 2020.
Ongoing inflation and supply chain issues likely to impact growth projections into next year.
Construction input prices increased 1.5% in October, according to an Associated Builders and Contractors analysis of recent BLS data.
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The seasonally adjusted FDI rose in October to 56.1 despite continued supply chain disruption, according to a new analysis.
September orders totaled $590M, according to the Manufacturing Technology Orders Report by The Association For Manufacturing Technology.
