July saw losses in manufacturing output, highlighting the impact Hurricane Beryl had in the industrial sector.
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The latest AMT report shows a decrease from May and a 4.2% decrease compared to the same period a year earlier.
Month-to-month, all but two of the U.S. wholesale trade’s 19 sectors saw further regression in our August forecast.
July’s monthly figure decelerated slightly from June.
June total was up 4.3% vs May, but the first half of 2024 still remains down 11% year-over-year.
After a May increase, Government data indicated that sales fell month-to-month but rose year-over-year in June.
U.S. unemployment rose to 4.3% in July, higher than a year earlier when unemployment was at 3.5%.
It was the second straight monthly decrease after May orders fell 0.5%.
HARDI reports a revenue increase for distributors in June, despite fewer billing days compared to last year.
Missing economists' expectations, June was dragged down by both public and private construction.
It’s the latest economic indicator that demand remains subdued in the U.S. manufacturing sector.
CEO D.G. Macpherson noted a "slow, but generally stable" demand backdrop.
Fed Chair Jerome Powell noted a long-awaited rate cut could happen as soon as mid-September, but was far from committal.
PMA report shows a stabilized economic outlook for metalforming manufacturers, despite a decline in shipping levels and slight changes in lead times.
June's total decreased substantially after four consecutive monthly increases.
Doubling 1Q's growth, 2Q considerably outperformed economists' expectations.
The IMF raised growth forecasts for China, India and Europe, while lowering them for U.S. and Japan.
June saw solid gains in manufacturing output, highlighting significant growth in the industrial sector.
Despite the month-to-month regression for 2024 and 2025, full-year revenues are still expected to outperform the U.S. GDP by a healthy margin.
The latest AMT report showed a slight decrease from April but a 1.8% increase compared to the same period a year earlier.
