Goods and services deficit increased 12.5% in 2018 over 2017.
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The January figure is 0.3% above the January 2018 estimate.
January was one of the top two starts to a year in over 22 years of USMTO reporting.
Lower construction intentions for commercial buildings were responsible for the national decline.
Public construction spending was 0.6% below the revised November estimate.
At 54.2, the PMI decreased 2.4% from the January.
Annualized growth through January was 10.4%.
The CFNAI Diffusion Index decreased slightly to +0.09 during the month.
Group forecasts decelerating GDP growth by the end of 2019.
Wholesale trade, information, and finance and insurance were the leading contributors to the increase in U.S. economic growth in the third quarter of 2018.
The PTDA Manufacturer Index annual average was up 7.3 percent year over year in December.
From 2017 to 2018, sales in the Canadian manufacturing sector rose 5.4 percent.
Annualized growth through December was 11.4 percent.
Does the U.S. government owe contractors back interest on late payments? Should federal client relationships be reconsidered? Distributors are asking these questions and more in the wake of the longest federal government shutdown in history.
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Orders for machine tools and related equipment rise 19 percent year-over-year, but December shows monthly decline.
Now is the time for distributors with federal government contracts to check in with clients, update databases and re-evaluate sales strategies.
The gain was largely due to higher construction intentions for multi-family dwellings and commercial buildings, with both components hitting record highs.
Goods and services deficit decreased year-over-year in November.
The overall economy grew for the 117th consecutive month.
