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In The News:



Manufacturing Labor Productivity Down 1.6% in the Second Quarter

Nonfarm business sector labor productivity increased 2.3%.
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Orders for Manufactured Technology Goods Fell 7.7% in June

Orders for the first half of 2019 totaled $2,249 million, a decrease of 12.8% compared to the first half of 2018.
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Manufacturing Employment Changes Little in July

The unemployment rate held at 3.7% in July.
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The Goods and Services Deficit Decreased in June

Year-to-date, the goods and services deficit increased 7.9% from the same period in 2018.
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Manufacturing Sector Expanded in July

The July PMI registered 51.2%, a decrease of 0.5% from the June reading of 51.7%.
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HARDI Distributors Report 2.8% Revenue Decrease in June

Annualized growth through June was 9%.
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Real U.S. GDP Up 2.1% in 2Q According to Advance Estimate

The deceleration in real GDP in the second quarter reflected downturns in inventory investment, exports and nonresidential fixed investment.
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Chicago Fed National Index Rose to -0.02 in June

The CFNAI Diffusion Index increased to –0.26 during the month.
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Nondurable Goods Manufacturing Increased 8.4% in the First Quarter

The 3.1% increase in real GDP was attributed to 16 of 22 industry groups.
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CEO Confidence Unchanged in 2Q

The Measure was unchanged at 43 in the second quarter of 2019.
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