Nonfarm business sector labor productivity decreased 0.3%.
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Year-to-date, the goods and services deficit increased 5.4% from the same period in 2018.
The unemployment rate showed little changed at 3.6%.
The overall economy grew for the 126th consecutive month.
Current dollar GDP increased 3.5%.
Growth decelerated 80 basis points versus last quarters Baird survey.
Three of the four board categories of indicators that make up the index decreased from August, and all four made negative contributions to the index in September.
Growth decelerated 80 basis points versus last quarters Baird survey.
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On average, businesses reported year-over-year revenue growth at +2.4% in the third quarter of 2019, which is below the forecasted +3.1% level, according to the latest Baird Industrial Distribution Survey, conducted in partnership with Modern Distribution Management. Growth decelerated 80 basis points compared to last quarters survey, marking the third consecutive quarter of slowing growth. This trend reflects weaker momentum in the industrial sector.
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No matter how a distributor may be impacted by factors such as the uncertain state of the economy, the growing reach of a competitor or even where their company sits on the technology scale, the end priority is always around finding the best ways to bring value to the customer.
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US manufacturing survey has lowest reading in a decade.
Inventories were virtually unchanged during the month.
The unemployment rate declined to 3.5%.
Year-to-date, the goods and services deficit increased $28.3 billion, or 7.1%, from the same period in 2018.
The overall economy grew for the 125th consecutive month.
The August figure is 1.9% below the August 2018 estimate.
In the first quarter, real GDP increased 3.1%.
The unemployment rate was unchanged at 3.7%.
