September U.S. Construction Spending up 0.4% from August
August’s growth was considerably revised upward, from 0.5% to 1.0%, according to new data from the Census Bureau.
September U.S. Construction Spending up 0.4% from August Read More »
September 2023
Advance: September US Durable Goods Orders Jump 4.7%
Following 2 consecutive monthly decreases, new orders increased $13.2 billion (or 4.7%) to $297.2 billion, the Census Bureau said.
Advance: September US Durable Goods Orders Jump 4.7% Read More »
September U.S. Industrial Production Improves to 5-Year High
Industrial production increased 0.3% during the month and advanced at an annual rate of 2.5% in the third quarter.
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Consumer Price Index Rises 0.4% in Sept.
Over the past 12 months, the all-items index increased 3.7% before seasonal adjustment, according data from the federal government.
Consumer Price Index Rises 0.4% in Sept. Read More »
Construction Input Prices Increase 0.2% in Sept.
Nonresidential construction input prices increased 0.2% for the month as well, according to Associated Builders and Contractors.
Construction Input Prices Increase 0.2% in Sept. Read More »
PPI Increases 0.5% in September
More than 40% of the September increase in prices for final demand goods can be traced to a 5.4% rise in the index for gasoline.
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Fastenal’s 3Q Sales & Profits Decelerate Amid Softer Demand
For the third quarter, the company reported more than $1.84 billion in net sales, a 2.4% increase over the same period in 2022.
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September Construction Backlog Indicator Drops
Despite rising project financing costs, contractors report lofty backlog, rising employment, expanding sales and stable profit margins.
September Construction Backlog Indicator Drops Read More »
September PMI Improves to 10-Month High
The latest data shows a reading of 49% for September, the 11th straight month that the Producer Manufacturing Index was in contraction.
September PMI Improves to 10-Month High Read More »
September M&A Roundup: Movement Slows as 3Q Closes
The unpredictable pace of M&A activity among industrial distributors and manufacturers dipped again in September to 24 reported deals.
September M&A Roundup: Movement Slows as 3Q Closes Read More »
Fed Skips Hike but Says it May Raise Rates Again this Year
Projections showed the central bank would raise rates to a median 5.6% by the end of the year — up from the current range of 5.25% to 5.5%.
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