The U.S. Census Bureau says the combined value of distributive trade sales and manufacturers’ shipments for October — adjusted for seasonal and trading day differences but not for price changes — was estimated at $1,709.1 billion, up 2.1% from September and up 16.7% from October 2020. Manufacturers’ and trade inventories for October — adjusted for […]
Category: October 2021
HARDI Revenue Up 16% in October
Heating, Air-conditioning & Refrigeration Distributors International (HARDI), of Columbus, Ohio, released its monthly TRENDS report, showing the average sales performance by HARDI distributors was an increase of 16.1% during October. The average annual sales growth for the 12 months through October is 21%, HARDI said. “The unusual sales growth of 2021 continued with the first […]
Wholesale Sales and Inventories Up
The U.S. Census Bureau says October 2021 sales of merchant wholesalers — except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes — were $620.5 billion. That figure is up 2.2% from the revised September level and up 22.2% from the revised October 2020 level. […]
Goods and Services Deficit Shrinks in October
The goods and services deficit was $67.1 billion in October, down $14.3 billion from $81.4 billion in September, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. October exports were $223.6 billion, $16.8 billion more than the previous month. October imports were $290.7 billion, about $2.5 billion more than September imports. […]
Oct. Construction Spending Up
Construction spending last month was estimated at a seasonally adjusted annual rate of $1,598 billion, 0.2% above the revised September estimate of nearly $1,595 billion, according to a report from the U.S. Census Bureau. The recent October number is 8.6% higher than the October 2020 estimate of almost $1,472 billion. During the first 10 months […]
Trade Deficit Shrinks to $82.9B
The international trade deficit was $82.9 billion last month, down $14.1 billion from the $97 billion reported in September, according to the U.S. Census Bureau. Exports of goods for October were $157.4 billion, $15.3 billion more than September exports. Imports of goods for October were $240.3 billion, $1.1 billion more than the prior month. Wholesale […]
New Residential Construction Rises
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. Privately‐owned housing units authorized by building permits in October 2021 were at a seasonally adjusted annual rate of 1,650,000, 4% above the revised September rate of 1,586,000 and 3.4% above the […]
Industrial Production Rises in October
Industrial production rose 1.6% in October after falling 1.3% in September, as about half of the gain in October reflected a recovery from the effects of Hurricane Ida, according to the U.S. Federal Reserve. Manufacturing output increased 1.2% in October. Excluding a large gain in the production of motor vehicles and parts, factory output moved […]
Building Material Prices Rise
Building material prices rose last month, as construction input prices increased 1.5% in October, according to an Associated Builders and Contractors analysis of the Bureau of Labor Statistics’ Producer Price Index data released earlier this week. Nonresidential construction input prices increased 1.4% in October. Construction input prices are 21.1% higher than in October of last […]
Fastener Distributor Index Improves
Despite continued supply chain disruption, October’s seasonally adjusted Fastener Distributor Index improved to 56.1, reflecting slightly better selling momentum and employment levels, according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management. The FDI increased from 54.2 in September. FDI key themes from October include elevated freight costs, shipping […]
