Economic activity in the manufacturing sector grew in January — with the overall economy achieving a 20th consecutive month of growth — and the January Manufacturing PMI registered 57.6%, a decrease of 1.2 percentage points from the seasonally adjusted December reading of 58.8%, according to supply executives in the latest Manufacturing ISM Report on Business. […]
Category: Research & Analytics
Pricing, Sales, Profitability Top Priorities for Data Analytics
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MDM MarketPulse: 4Q 2021 Growth Beats Expectations
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Construction Spending Rises in December
U.S. construction spending increased overall in December, though spending was down monthly in nearly a dozen nonresidential subcategories, according to the U.S. Census Bureau and a data analysis from Associated Builders and Contractors. Construction spending during December 2021 was estimated at a seasonally adjusted annual rate of $1,639.9 billion, 0.2% above the revised November estimate […]
ABC: Decline in Structure Investments Continues
An Associated Builders and Contractors analysis of data released by the Bureau of Economic Analysis shows investment in nonresidential structures decreased at an annual rate of 11.4% in the fourth quarter of 2021 has now contracted in eight of the past nine quarters. The continued slowdown juxtaposed BEA’s announcement stating the U.S. economy grew at […]
GDP Sees Year-End Uptick
The Bureau of Economic Analysis reported that real gross domestic product increased at an annual rate of 6.9% in the fourth quarter of 2021, following an increase of 2.3% in the third quarter. The fourth-quarter acceleration was led by an upturn in exports, as well as accelerations in inventory investment and consumer spending, the BEA […]
New Residential Construction Rises Again in December
Privately‐owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,873,000, 9.1% above the revised November rate, according to data released by the U.S. Census Bureau. The December 2021 rate was 6.5% above the December 2020 rate of 1,758,000. Single‐family authorizations in December were at a rate of […]
Construction Input Prices Jump 0.6% in December
Construction input prices in December rose 0.6%, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. ABC said nonresidential construction input prices also rose 0.6% in December compared with the prior month. Input prices for all three energy subcategories decreased for the month, with crude petroleum […]
Wholesale Prices Rose 9.7% in 2021
The U.S. Bureau of Labor Statistics says the Producer Price Index for final demand increased 0.2% in December, which followed advances of 1% in November and 0.6% in October. On an unadjusted basis, final demand prices moved up 9.7% in 2021, the largest calendar-year increase since data were first calculated in 2010, BLS says. In […]
Manufacturing Orders Jump 14% in November
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 […]
FDI ‘Moderately Decelerated’ in December
The December seasonally adjusted Fastener Distributor Index (FDI) was 56.2 and “moderately decelerated” when compared with November, according to the latest analysis from Baird, FCH Sourcing Network and the Institute for Supply Management The deceleration was driven primarily by a lower employment index, according to the analysis. The FDI was 57.6 in November. Market conditions […]
Nonresidential Construction Employment Rose in December
The U.S. construction industry added 22,000 net jobs in December, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. In addition to the monthly increase, the industry overall has recovered slightly more than one million — or 92.1% — of the jobs lost during earlier […]
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 […]
ISM: Manufacturing PMI Drops 2.4 Points
Economic activity in the manufacturing sector grew in December, with the overall economy seeing a 19th consecutive month of growth, according to supply executives in the latest Manufacturing ISM Report on Business. The report was issued by Timothy R. Fiore, CPSM, C.P.M., Chair of the ISM Manufacturing Business Survey Committee. The December Manufacturing PMI registered […]
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% […]
Oct. Trade Sales and Manufacturers Shipments Rise
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 […]
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 […]
