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Monday Economic Report

Tenth District manufacturing activity grows at slower pace in October

Manufacturing activity grew at a slower pace in the Tenth District in October, with the month-over-month composite index decreasing to 11 from 14 in September. Meanwhile, expectations for future activity rose from 19 to 22. The slowdown reflected softer activity among both durable and nondurable goods manufacturers. All indices except those for backlogs of orders…

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Monday Economic Report

Flash U.S. Manufacturing PMI reaches 53-month high of 56.0 in October

The S&P Global Flash U.S. Manufacturing PMI edged up from 55.9 to 56.0 in October, a 53-month high. Factory production and new order growth slowed but remained elevated. Meanwhile, manufacturing employment rose at its fastest rate since March 2012.

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Monday Economic Report

Building permits edge down in September as housing starts decline 5.2%

Building permits decreased 0.2% in September and 3.0% over the year. Permits for single-family homes in September fell 4.0% and 4.8% over the year. At the same time, permits for buildings with five or more units rose 5.9% from August and 1.0% over the year.

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Input Stories

MI’s Lee: Manufacturing’s AI Future Depends on Skills Training

op-ed. What’s going on: “If manufacturers in the United States truly want to remain globally competitive, now is the time to start treating workforce as the central strategy for American manufacturing dominance,” Lee writes. “At the Manufacturing Institute, we believe that AI won’t lead to a sweeping loss of American manufacturing jobs, but we do…

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