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Single-Family Home Sales Rise, Condos and Co-Ops Remain the Same

Existing home sales increased 1.5% in September and 4.1% over the year. Housing inventory stepped up to 1.55 million units, reflecting a 1.3% rise from August and 14.0% jump from last year. The median existing home price was $415,200, up 2.1% from last year. The Northeast, South and West posted monthly increases in existing home…

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News

Manufacturing Activity Advances to a Two-Month High

The S&P Global Flash U.S. Manufacturing PMI rose from 52.0 to 52.2 in October, a two-month high. This continues the trend in business conditions with nine of the past 10 months signaling growth. Factory production grew for the fifth consecutive month, while new orders increased at the steepest pace in one-and-a-half years, driven by the…

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News

Production Index Increased, New Order and Employment Indexes Decreased

Manufacturing activity increased in the Tenth District in October, with the month-over-month composite index rising 2 points to 6 from September. Meanwhile, expectations for future activity jumped 7 points to 14. The Tenth Federal Reserve District encompasses the western third of Missouri; all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming; and the northern half of…

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News

Energy Costs Accelerate in September

In September, consumer prices increased 0.3% over the month and 3.0% over the year, up from the 2.9% annual rise in August but lower than the 3.1% advance anticipated. Core CPI, which excludes more volatile energy and food prices, rose 0.2% over the month and 3.0% over the year, slightly lower than the 3.1% 12-month…

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News

Labor Quality and Taxes Tie as Top Concerns for Small Business Owners

The NFIB Small Business Optimism Index dropped 2 points to 98.8 in September, remaining slightly above the 52-year average of 98. September’s decrease was due primarily to a decline in the share of small business owners expecting better business conditions and an increase in reports of excess inventory. Of the 10 components included in the…

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News

Manufacturing Employment and Future Business Activity Indexes Increase in New York

Manufacturing activity in New York state increased in October, with the headline general business conditions index rising 19.4 points to 10.7. The new orders index jumped 23.3 points to 3.7, while the shipments index surged 31.7 points to 14.4. Unfilled orders stepped up from -6.9 to -3.9, while inventories advanced 3.9 points to -1.0, indicating…

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News

Philadelphia Manufacturers Are Optimistic About Future Growth

In October, Philadelphia’s regional manufacturing activity declined following growth in September. Falling from 23.2 to -12.8, the index for current general business activity recorded its largest decline since April. This month, 25.2% of firms reported decreases in activity, while just 12.4% of firms noted increases. The index for new orders improved, rising from 12.4 to…

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Workforce

Manufacturing Job Training Gets Creative

Manufacturing Dive). What’s going on: “Emerging programs are increasingly going beyond simple vocational training by targeting students early or in underserved communities, offering direct pathways to employment and exposing trainees to advanced tech skills.” The changes are a direct response to the longtime shortfall of manufacturing workers, which could reach 1.9 million if current trends…

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