New orders of manufacturing technology totaled $519.3 million in September 2022, a 13% increase from August, according to a new AMT report.
Last month, the Consumer Price Index was up 7.7% from October 2021, according to data from the Bureau of Labor Statistics.
On a year-over-year basis, industry employment has risen by 266,000 jobs, an increase of 3.6%, according to Associated Builders and Contractors.
The average annual sales growth for the 12 months through September 2022 is 23.5% percent, HARDI announced.
Key sub-indexes of orders, production and employment each rose from Sepember, but were more than offset by declines elsewhere.
Prices climbed about 6.2% last month compared to a year earlier, the same rate as in August, according to the Commerce Department.
Mike Hockett breaks down the latest figures showing distributors’ expectations for 2023 and beyond, as well as data that illustrates why distributors are still struggling with staffing despite a growing labor pool.
Mike Hockett analyzes the noticeably different levels of optimism in the commentary given by industrial distributors Fastenal and Motion in their third-quarter earnings calls.
Because of lingering inflation, the Fed may enact a fourth straight 0.75-percentage-point increase to interest rates in the coming weeks.
Construction input prices dipped 0.1% in September compared to the previous month but remained 41% ahead of February 2020 pre-COVID levels.
Sliding new orders, employment, supplier deliveries and prices all factored into the latest reading, which showed further deceleration in expansion.
Led by declines in production-related indicators, the Chicago Fed National ActivityIndex decreased to a neutral value in August from +0.29 in July.
