Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Economic Watch: New Manufacturing Orders Jump, Construction Leaps

Economic activity in the nation’s manufacturing may finally be gaining some momentum after some declines, according to two new reports.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
November 2, 2015
Economic Watch: New Manufacturing Orders Jump, Construction Leaps

 

3 min to read


 

Economic activity in the nation’s manufacturing may finally be gaining some momentum after some declines, according to two new reports.

While the monthly survey of the nation’s supply executives by the Institute for Supply Management shows overall manufacturing activity fell for the fourth straight month in October, registering a 0.1 of percentage point drop from September, new orders rebounded sharply.

Ad Loading...

New orders increased 2.8 percentage points as eight of the 14 manufacturing industries reported new order levels that were higher than September. Also, the group’s measure of manufacturing production registered 1.1 percentage points above the September reading.

On the downside, manufacturing employment fell to its lowest level since April 2009.

A separate report from the financial information services provider Markit also highlighted a modest rebound in U.S. manufacturing performance, driven by faster rises in output, new orders and employment levels.

Ad Loading...

At 54.1, up from 53.1 in September, the final seasonally adjusted U.S. Manufacturing Purchasing Managers’ Index pointed to the sharpest improvement in overall business conditions since April, indicating a turnaround in growth momentum from the 22-month low recorded in August.

Manufacturing production increased at a robust and accelerated pace in October, with the rate of expansion the fastest for seven months. This reflected a reasonably strong upturn in new business volumes during the latest survey period, according to the survey.

According to RBC Economics, the weight of a strong U.S. currency, low energy prices and an uncertain external backdrop continue to restrain manufacturing output…although there was some evidence of activity picking up among the respondents’ comments (in the ISM report).

“These brighter prospects for the factory goods sector were apparent in the positive prints for new orders and production, with the spread between the two, an indicator of future activity, bouncing back to its highest level since July at 6.4 in the latest month,” said Laura Cooper, RBC economist.

“The presence of downside risks to the global economic backdrop and spillover to foreign demand will likely continue to temper the support to economic growth from net trade and keep manufacturing activity subdued," she continued. "However, ongoing strength in the domestic economy is expected to continue to mitigate weakness in externally exposed sectors of the US economy and tee up for real GDP growth to rebound to a 2.9% annualized pace in the fourth quarter of this year from a 1.5% rate in the third quarter of 2015.”

Ad Loading...

Meantime, another report showed construction spending in the U.S. continues going gangbusters, hitting its highest level in 7-and-a-half years, according to the Commerce Department.

Construction spending increased 0.6% in September following an unrevised 0.7% increase in August.

So far this year construction spending has increased every month and is up 14.1% in September compared to the same time a year earlier. It ws also 10.5% better in the first nine months of this year than it was during the same time frame in 2014.

More Fleet Management

Geotab screen on AI concept background
Fleet ManagementJune 17, 2026

What Geotab's New AI Connector Means for Fleets

Fleets can now ask their usual AI assistants questions about maintenance, safety, fuel use, and vehicle performance, using their live Geotab data, and take action on the answers without leaving their preferred AI tool.

Read More →
Image of computer screen with BidBoardX interface

New C.H. Robinson Tool Opens Door to More Predictable Freight

BidBoardX lets carriers search, bid on, and secure committed freight opportunities through a single digital marketplace.

Read More →
Amazon electric cargo bike on New York City street
Fleet ManagementJune 15, 2026

New York City's Microhub Project is Delivering Results

Trucking, last-mile delivery companies, and environmental advocates like what they are seeing so far with New York's microhub program.

Read More →
Ad Loading...
Illustration of hourglass and trucks backed up to a dock
DriversJune 15, 2026

Why Truck Detention Keeps Costing Fleets Time and Money

A 2024 ATRI study found detention affects nearly 40% of truckload stops and costs the industry more than $15 billion annually. Despite the toll on drivers, fleets, and supply chains, the problem remains stubbornly persistent.

Read More →
Panel discussion
Fleet Managementby Deborah LockridgeJune 12, 2026

Time is Running Out to Apply for Exclusive HDT Event

Heavy Duty Trucking Exchange brings fleet managers and suppliers together for the deeper conversations that lead to ideas, partnerships, and solutions. Time is running out to apply for the September event.

Read More →
Empty trailer with worker loading a pallet of cargo
Fleet ManagementJune 10, 2026

Amazon Launches Less-Than-Truckload Freight Offering for All Businesses   

This launch is the latest addition to Amazon Supply Chain Services, a portfolio of supply chain capabilities from Amazon, including freight, distribution, fulfillment, and parcel shipping.

Read More →
Ad Loading...
Stacks of intermodal containers at port with truck driving between them

Import Cargo Volume to See Year-Over-Year Gain Again in June, Then Remain Below 2025 Levels Into Fall

After July, the report predicts a weakening in import volume as consumer uncertainty remains high and the impact of increasing inflation takes its toll.

Read More →
Equity Interest Auction
SponsoredJune 8, 2026

AUCTION OF EQUITY INTEREST IN HEAVY HAUL TRUCKING COMPANY!!

Mark your calendar: June 30, 2026 (10:00 a.m. PDT). A 37.5% ownership interest in MagnaTrans, LLC, a California limited liability company doing business as Magna Transportation Group, will be sold in an in-person and online auction to the highest bidder or bidders under Article 9 of the Uniform Commercial Code. The Rancho Cucamonga-based heavy haul and over-dimensional trucking company operates across California, Oregon, and Arizona.

Read More →
Volvo OTA updates.

Volvo Trucks Adds Unattended Over-the-Air Software Update Capabilities

The latest evolution of Volvo’s over-the-air update technology allows software updates to run while trucks are parked, helping fleets keep vehicles current without disrupting operations.

Read More →
Ad Loading...
Podcast thumbnail illustration
Fleet ManagementJune 4, 2026

How Waste Connections is Using Data, Telematics, and AI

How do you manage and maintain more than 18,000 connected trucks? Data. Lots of it.

Read More →