Spending during October 2021 was estimated at a seasonally adjusted annual rate of $1.598 trillion, according to the U.S. Census Bureau.
The international trade deficit was $82.9 billion in October, down $14.1 billion from $97.0 billion in September, the Census Bureau said.
Real GDP increased at an annual rate of 2.1% in 2021 3Q, according to the second estimate released by the Bureau of Economic Analysis.
Economic forecasts are firming up for the final quarter of 2021 and for 2022. Here’s a summary of the leading forecast resources.
Advance U.S. selected services total revenue for 2021 3Q was $4,524.9 billion, an increase of 3.7% over 2021 2Q and up 15.2% from 2020 3Q.
Mixed signals mark third-quarter financial and economic indicators impacting distribution, such as LEI, industrial production and PPI.
Privately‐owned housing units authorized by building permits in October 2021 were 4% above the prior month’s rate and 3.4% above the October 2020 rate.
Industrial production rose 1.6% in October after falling 1.3% in September, according to a report from the U.S. Federal Reserve.
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.
Core & Main CEO Steve LeClair talks about company training efforts, its technology roadmap and areas he sees as ‘ripe for expansion.’
