News

In September, Texas factory activity continued to expand but at a slower pace than the prior month. The production index declined from 15.3 to 5.2, falling below the average of 9.6. Other measures also moved down in September, pointing to slower growth. The new orders index fell 8.4 points into negative territory in September, decreasing…

The S&P Global Manufacturing PMI was 52.0 in September, down slightly from the August reading of 53.0. New orders increased for the ninth consecutive month, although at a slower rate and below the survey average. Tariffs continued to hit exports, particularly to Canada and Mexico, and lead to increased input and output costs in September.

In September, global manufacturing activity was relatively unchanged from August, inching down from 50.9 to 50.8. Output and new orders both rose for the second consecutive month in September. However, these increases failed to stimulate other gains, with staffing levels remaining stable for the second consecutive month and new export business falling for the sixth…

In September, the U.S. manufacturing sector contracted for the seventh consecutive month but at a slower pace than the prior month, with the ISM Manufacturing® PMI increasing to 49.1% from 48.7% in August. One of the four demand indicators improved in September, with the Backlog of Orders Index rising 1.5 percentage points to 46.2%. Meanwhile…

Job openings for manufacturing decreased by 29,000 to 409,000 in Nondurable goods job openings in August declined by 26,000 to 150,000, while durable goods job openings edged down by 3,000 to 259,000. The manufacturing job openings rate fell to 3.1% from 3.3% in July and from 3.5% the previous year. The rate for nondurable goods…

Existing home sales edged down 0.2% in August but increased 1.8% over the year. Housing inventory stepped down to 1.53 million units, reflecting a 1.3% decline from July but an 11.7% jump from last year. The median existing home price was $422,600, up 2.0% from last year. The Midwest and West posted monthly increases in…

The S&P Global Flash U.S. Manufacturing PMI slipped from 53 to 52 in September, a two-month low. However, it remained above the 50-point marker that signals growth in business conditions. Factory production rose as new orders increased for a ninth straight month. On the other hand, weak sales growth led inventories to rise at an…

Manufacturing activity in the Fifth District deteriorated in September, and at a faster pace than the previous month, with the composite manufacturing index dropping from -7 to -17. Meanwhile, the local business conditions index fell from 0 in August to -12 in September. Despite worsening conditions, manufacturers are less pessimistic about the future, with the…