News
Firms’ Expectations Remain Positive Amid New Orders Increase
The S&P Global U.S. Manufacturing PMI was 53.0 in August, up considerably from the July reading of 49.8 and the highest reading since May 2022. New orders increased for the eighth consecutive month primarily as a result of domestic sales, with international sales declining slightly. Tariffs led to steep rises in both input and output …
International Manufacturing Employment Rises in August
In August, global manufacturing activity grew at the fastest pace since June 2024, rising from 49.7 to 50.9. Output and new orders also returned to growth in August after contracting in July. New export orders continued to decline but at a slower pace than the prior month. August’s recovery is challenging the prediction of a …
Labor Market Eases Back to Pre-Pandemic Levels
Job openings for manufacturing increased by 41,000 to 437,000 in July. On the other hand, the June job openings level of 396,000 was revised downward from 415,000 in the previous report. Nondurable goods job openings in July rose by 23,000 to 176,000, while durable goods job openings advanced by 18,000 to 261,000. The manufacturing job …
Manufacturing Index Decreases at Slower Pace in August
In August, the U.S. manufacturing sector contracted for the sixth consecutive month but at a slower pace than the prior month, with the ISM Manufacturing® PMI increasing to 48.7% from 48.0% in July. Two of the demand indicators improved in August, with the New Orders and New Export Orders Indexes rising to 51.4% and 47.6%, …
Employment-Population Ratio Stays the Same, Earnings Grow Slightly
Nonfarm payroll employment inched up by 22,000 in August, coming in below expectations. Furthermore, June’s job gain was revised downward by 27,000 to a loss of 13,000 jobs, while July’s job gain was revised upward by 6,000 to a gain of 79,000 jobs. The 12-month average stands at 122,000 job gains per month. The unemployment …
Demand Reorients Toward Traditional Industrial Centers
In June, the S&P Cotality Case-Shiller U.S. National Home Price NSA Index recorded a 1.9% annual gain, the slowest pace since summer 2023. The 10-City Composite saw an annual increase of 2.6% in June, down from 3.4% the previous month, while the 20-City Composite rose 2.1% year-over-year, down from 2.8%. Among the 20 cities, New …
Consumer Confidence Decreased in August
Consumer confidence decreased 1.3 points in August to 97.4. Despite dipping slightly, the Consumer Confidence Index remained at a level similar to those of the past quarter. Among its components, the Present Situation Index and Expectations Index declined slightly, with consumers’ pessimism about future job availability inching up while partially being offset by stronger expectations …
Fifth District Businesses Remain Pessimistic for Growth
Manufacturing activity in the Fifth District deteriorated in August, but at a slower pace than the previous month, with the composite manufacturing index rising from -20 to -7. Meanwhile, the local business conditions index improved, increasing from -11 in July to 0 in August. On the other hand, manufacturers are still pessimistic about the future, …
Kansas City Manufacturing Activity Remains Unchanged in August
Manufacturing activity was mostly unchanged in the Tenth District in August, with the month-over-month composite index at 1, the same as July. Meanwhile, expectations for future activity remained expansionary, rising 3 points to 11. The Tenth Federal Reserve District encompasses the western third of Missouri; all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming; and the …
Texas Manufacturing Expands at a Slower Pace in August
In August, Texas factory activity continued to expand but at a slower pace than the prior month. The production index fell from 21.3 to 15.3 but remained well above average. Meanwhile, other measures also indicated solid growth. The new orders index turned positive for the first time since January, advancing 9.4 points to 5.8. Capacity …
