Orders of manufacturing technology in the U.S. surpassed $650 million in November 2021, the second-highest monthly total and only the fifth instance monthly orders have exceeded $600 million since the beginning of the program in 1998, according to the latest U.S. Manufacturing Technology Orders Report published by The Association for Manufacturing Technology. The value of […]
Category: November 2021
Goods and Services Deficit Rises in November
The goods and services deficit was $80.2 billion in November, up $13 billion from a revised $67.2 billion in October, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. November exports were $224.2 billion, $0.4 billion more than October exports. November imports were $304.4 billion, $13.4 billion more than the previous […]
HARDI Revenue Up 35.1% in November
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing the average sales performance by HARDI distributors increased 35.1% during November. The average annual sales growth for the 12 months through the month is 23.3%. “During the past ten years there have only been four months when sales growth was in the […]
Monthly Construction Spending Up
Construction spending in November 2021 was estimated at a seasonally adjusted annual rate of $1,625.9 billion, 0.4% above the revised October estimate of $1,618.8 billion, according to the U.S. Census Bureau. The November total was 9.3% above the November 2020 estimate of $1,487.2 billion. During the first 11 months of 2021, construction spending amounted to […]
Monthly Construction Spending Up 0.4%
Construction spending in November 2021 was estimated at a seasonally adjusted annual rate of $1,625.9 billion, 0.4% above the revised October estimate of $1,618.8 billion, according to the U.S. Census Bureau. The November total was 9.3% above the November 2020 estimate of $1,487.2 billion. During the first 11 months of 2021, construction spending amounted to […]
Trade Deficit Rises, Exports Down in Nov.
The U.S. Census Bureau says the international trade deficit was $97.8 billion in November, up $14.6 billion from $83.2 billion in October. Exports of goods for the month were $154.7 billion, $3.3 billion less than October exports. November imports of goods were $252.4 billion, $11.3 billion more than October. Wholesale inventories for November — adjusted […]
CFNAI Dips in November
The Chicago Fed National Activity Index (CFNAI) decreased to +0.37 in November from +0.75 in October. Three of the four broad categories of indicators used to construct the index made positive contributions in November, but all four categories deteriorated from October, according to the Federal Reserve Bank of Chicago. The index’s three-month moving average, CFNAI-MA3, […]
Consumer Prices Rise 6.8%
The Consumer Price Index rose 6.8% between November 2020 and November 2021, the largest 12-month increase since the period ending June 1982, according to data from the U.S. Bureau of Labor Statistics. Energy prices rose 33.3% over the last year, while food prices increased 6.1%. Gasoline prices rose 58.1%, the largest increase since April 1980. […]
New Residential Construction Up Slightly
The U.S. Census Bureau says privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,712,000, a 3.6% increase over the revised October rate of 1,653,000 and 0.9% above the November 2020 rate of 1,696,000. Single‐family authorizations in November were at a rate of 1,103,000, this is 2.7% […]
Advance Retail and Food Services Estimates Up
Advance estimates of U.S. retail and food services sales for November — adjusted for seasonal variation and holiday and trading-day differences, but not for price changes ¬— were $639.8 billion, an increase of 0.3% from the previous month, and 18.2% above November 2020, according to the U.S. Census Bureau. Total sales for the September through […]
‘Slight Improvement’ for FDI
The seasonally adjusted Fastener Distributor Index for November was 57.6, a “slight improvement” that occurred thanks to better seasonally adjusted selling momentum, according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management. The FDI improve from 56.1 in October. Overall, November largely saw a continuation of recent themes, including […]
Fastenal November Sales Rise
Fastenal Co. (Nasdaq: FAST), Winona, Minnesota, reported November sales of more than $524 million, an 18.9% increase over figures from November 2020. The company’s daily sales were $24.96 million, a 13.2% jump over last November. Regionally, U.S. sales increased 12.8%, while sales in Canada and Mexico grew 14.1%. By end market, manufacturing sales grew 22.6%, […]
Nonresidential Construction Employment Rises
Nonresidential construction employment rose last month, as the industry added 31,000 jobs on net, according to an Associated Builders and Contractors analysis of data released Friday by the U.S. Bureau of Labor Statistics. The industry has recovered approximately 90% of the jobs lost during earlier stages of the COVID-19 pandemic. Nonresidential construction employment in November […]
ISM: Manufacturing Grew in November
Economic activity in the manufacturing sector grew last month, with the overall economy achieving an 18th consecutive month of growth, according to the latest Manufacturing ISM Report on Business. Timothy R. Fiore, chair of the Institute for Supply Management, released the report. The November Manufacturing PMI registered 61.1%, an increase of 0.3 percentage point from […]
