Economic Trends

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.

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.

Research

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Real GPD Grows 2%

The 2021 3Q data reflects increases in private inventory investment, personal consumption expenditures and government spending.

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.

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.