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Kansas City Fed Reports Slower Pace of Manufacturing Growth

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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S&P Global Flash U.S. Manufacturing PMI reaches 53-month high 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. Inventories increased in October, while supplier delivery times lengthened to the greatest degree since July 2022…

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New Housing Construction Decreases in September

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. In September, housing starts declined 5.2% from August and 7.4%…

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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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