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American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 1.6% in August to a record high, following a gain of 1.5% the previous month.
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A measure of the strength of the U.S. manufacturing sector was unchanged this month from August, but remains strong at a 52-month high, according to a new report released Tuesday morning by the financial information services provider Markit Economics.
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Logistics cost as a percent of GDP has been declining over the last 30 years, from 16% before deregulation to 8% now. But while logistics costs have been reduced, productivity has leveled out and may even decrease, according to Stifel's John Larkin, speaking at TMW's annual user conference.
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After four consecutive months of gains, existing-home sales slipped in August, according to the National Association of Realtors, but remains near its highest level so far this year.
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The Leading Economic Index, from the private research group The Conference Board, increased 0.2% in August to 103.8, following upwardly revised increases of 1.1% in July, and 0.7% in June.
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Housing starts in the U.S. plunged in August from the month before but the level of activity was still higher than the same time a year earlier, according to the U.S. Commerce Department.
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The threat of inflation to the U.S. economy appears to be muted, with a report issued Wednesday showing consumer prices in August fell for the first time in 16 months.
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The Producer Price Index was unchanged, following a 0.1% gain in July and a 0.4% jump during June.
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Industrial production in the U.S. fell slightly in August, its first decline since January, according to a report released Monday by the Federal Reserve.
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The U.S. Commerce Department on Friday reported August retail sales were up 0.6% from the month before and 5% higher than the same time a year ago.
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