The figures indicate that demand remains soft and production execution was slightly down compared to October.
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GDP growth was revised up from the 4.9% issued on Oct. 26.
Nearly 30 actions were outlined at the first meeting of the Biden administration’s new Supply Chain Resilience Council.
It was a major reversal from September’s 4.0% gain, and the second considerable drop in four months.
As a primer for 2024, Mike Hockett condenses ITR Economics’ Alan Beaulieu’s latest industry keynote presentation into seven key points.
Factory output matched its largest one-month decline since June.
Consumption slide month-to-month, while year-to-date orders outpaced 2022’s first nine months by 8.1%.
Wholesale prices for final demand goods fell 1.4% in October, largely driven by a major drop in the price of gasoline.
U.S. consumer prices were unchanged in October vs. September, while the annual rate continued to decelerate.
The year-over-year and year-to-date figures were down by far more.
Overall, revenue outlooks for 2023 and 2024 improved for a second straight month. Mike Hockett dives into the U.S. Census Bureau’s latest wholesale trade data.
Machinery and auto parts inventory drove the first monthly gain since February.
Insights from MDM's annual conference and Baird's quarterly survey highlight a month that overflowed with Premium content.
The annual sales growth for the 12 months through September 2023 is 3.5%.
August’s growth was considerably revised upward, from 0.5% to 1.0%, according to new data from the Census Bureau.
'Economic activity expanded at a strong pace in the third quarter,' the central bank said in a statement Nov. 1.
It followed two straight months of improvement, retracting further into contraction territory.
Following 2 consecutive monthly decreases, new orders increased $13.2 billion (or 4.7%) to $297.2 billion, the Census Bureau said.
It dwarfs the 2.1% growth seen in 2023's second quarter.
U.S. cutting tool consumption totaled $219.2M, according to the U.S. Cutting Tool Institute and Association For Manufacturing Technology.
