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Sales of new homes rose last month while two separate reports show the nation’s manufacturing sector is nearly as strong this month as it was during October.
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The U.S. housing market improved in October following some ups and downs earlier in the year, while industrial production jumped in part due to increased manufacturing. And e-commerce retail sales continued booming in the third quarter.
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The nation’s manufacturing sector continued growing over an array of industries last month, though there is a bit of disagreement as to how fast it is expanding, following the release of two reports.
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Manufacturing activity in the U.S. turned higher in September, hitting its highest level in 13 years, according to newly released survey results of supply executives. A separate report showed construction spending rebounded after two straight monthly drops.
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A first-look at how the manufacturing economy is performing this month shows conditions have improved to a two-month high, while a separate report indicates the overall economy improved again in August as the outlook calls for continued growth through the second half of the year.
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SAF-Holland has announced that is expanding its operations in Dumas, Ark., opening a new facility to accommodate increased demand from current customers.
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Job growth slowed in August, according to government numbers released Friday, while other economic reports showed manufacturing hitting a six-year high as total construction spending unexpectedly slowed – and consumers are in the best mood since 2000.
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Recent reports on industrial activity have done little to change FTR's viewpoint on the strength of the U.S. economy or freight demand.
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A first look at business conditions in the U.S. manufacturing sector for August showed it continued to improve, though at a slightly weaker pace, while a separate report shows the volatility of the new home market.
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New economic reports this week paint a picture of a U.S. economy that continues to gain momentum following a slow start to the year, due in part to increased e-commerce – despite some bumps in the road for manufacturing and housing.
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