Real GDP increased at an annual rate of 2.1% in 2021 3Q, according to the second estimate released by the Bureau of Economic Analysis.
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Advance U.S. selected services total revenue for 2021 3Q was $4,524.9 billion, an increase of 3.7% over 2021 2Q and up 15.2% from 2020 3Q.
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.
Industrial production rose 1.6% in October after falling 1.3% in September, according to a report from the U.S. Federal Reserve.
Census Bureau reports combined value of distributive trade sales and manufacturers’ shipments for Sept. was estimated at $1,669.7 billion.
U.S. retail and food services sales for October 2021 were $638.2 billion, an increase of 1.7% over September and 16.3% above October 2020.
Ongoing inflation and supply chain issues likely to impact growth projections into next year.
Construction input prices increased 1.5% in October, according to an Associated Builders and Contractors analysis of recent BLS data.
The seasonally adjusted FDI rose in October to 56.1 despite continued supply chain disruption, according to a new analysis.
September orders totaled $590M, according to the Manufacturing Technology Orders Report by The Association For Manufacturing Technology.
The goods and services deficit was $80.9 billion in Sept., up $8.1 billion from $72.8 billion in August, according to a new analysis.
The October Manufacturing PMI registered 60.8%, a decrease of 0.3 percentage point from the September reading of 61.1%
The 2021 3Q data reflects increases in private inventory investment, personal consumption expenditures and government spending.
Average annual sales growth for 12 months through Sept. was 19.6% for Heating, Air-conditioning & Refrigeration Distributors International.
Due to declines in production-related indicators, the Chicago Fed National Activity Index decreased to -0.13 in Sept. from +0.05 in Aug.
Motion's third-quarter sales were $1.6 billion, up 14.5% from 2020 and representing 34% of total company revenues.
Watsco reported a 31% jump in EPS to a record $3.62 and a 16% sales growth to $1.78 billion in 3Q 2021.
U.S. Census Bureau and federal housing officials say units authorized by building permits fell 7.7% from August but remained unchanged from the same period in 2020.
Despite the drop, total industrial production rose 4.3% at an annual rate for 3Q, the 5th consecutive quarter with a gain of at least 4%.
The Census Bureau says the combined value of distributive trade sales and shipments and inventories for August was down 0.1% from July.
