Current dollar GDP increased 11% at an annual rate, or $566.3 billion, in the first quarter to a level of $22.1 trillion
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Latest Chicago Fed National Activity Index (CFNAI) shows that three of the four broad categories of indicators used to construct the index made positive contributions in April, but growth slowed from March.
Privately-owned housing starts in April were up 67.3% compared to the same month a year ago, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
ISM’s spring survey of purchasing and supply executives found that expectations are high for the remainder of the year across the manufacturing and service sectors.
The U.S. Census Bureau reported that the combined value of distributive trade sales and manufacturers’ shipments and inventories for March increased 18.5% from the same month in 2020.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 0.4% during the month.
Supply chain issues and rising cost of materials slow cutting tool industry’s rebound from COVID.
The seasonally adjusted Fastener Distributor Index (FDI) for April was 58.7, down from 66 in March due to global supply chain issues.
New orders placed in March also marked a 16.1% increase from the previous month of February, according to the most recent U.S. Manufacturing Technology Orders report.
Year-to-date, the goods and services deficit increased $83.2 billion, or 64.2%, from the same period a year ago.
All 18 manufacturing industries reported growth in April, according to the latest Manufacturing ISM Report on Business.
Construction spending for the third month of 2021 was up 0.2% from the previous month of February.
The association also finds that the average annual sales growth for the 12 months through March for HARDI distributors is 8.7%.
The growth marks a steady improvement from the fourth quarter of 2021, when real GDP increased 4.3%.
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories both increased in March.
Manufactured durable goods have increased 10 out of the last 11 months, with February the only decline in nearly a year.
The latest quarterly MDM-Baird Industrial Distribution survey shows distributors are paying close attention to pricing inflation, supply chain issues and technology adoption challenges.
The latest quarterly MDM-Baird Industrial Distribution survey shows distributors are paying close attention to pricing inflation, supply chain issues and technology adoption challenges.
MDM-Baird Distribution Survey: Recovery starts to heat up in the first quarter while outlook improves for the rest of 2021.
Latest Chicago Fed National Activity Index (CFNAI) shows that all four broad categories of indicators used to construct the index made positive contributions in March, and all four improved from February.
