The latest data shows a reading of 49% for September, the 11th straight month that the Producer Manufacturing Index was in contraction.
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We extract key takeaways from the plumbing, HVAC, PVF and industrial supplies distribution giant’s earnings call on Sept. 25.
Cutting tool consumption totaled $189.6 million, according to the U.S. Cutting Tool Institute and Association For Manufacturing Technology.
Machinery, up four of the last five months, led the increase at $0.2 billion or 0.5% to $37.8 billion.
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Following July's considerable 1.0% monthly gain, August was held by somewhat by a drop in automotive output.
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Nonresidential construction input prices also increased 1.5% for the month, but are up just 0.2% from a year ago, according to ABC.
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August’s 0.6% month-to-month accelerated from a 0.2% increase the previous two months, according to the latest data.
Backlog decreased on a monthly basis for all categories of company size except for those with more than $100M in annual revenue.
New orders of manufacturing tech totaled $353.9 million in July 2023, according to the latest U.S. Manufacturing Technology Orders Report.
Total inventories of merchant wholesalers were $902.3 billion at the end of July, down 0.2% from the prior month.
The annual sales growth for the 12 months through July 2023 is 6.2% percent, according to a HARDI news release.
New orders for manufactured goods in July decreased month over month to $12.7 billion, a 2.1% decline from June.
Construction spending during July 2023 was estimated at a seasonally adjusted annual rate of $1.97 trillion.
While in contraction territory for a 10th straight month, a handful of key subindexes trended positive vs. July.