News
New Order, Export and Employment Indexes Contract, Price Index Decreases
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, …
Hiring Numbers Decrease in August
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 …
Single-Family Home Sales Inch Down, Median Prices Increase
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 …
Business Activity and New Order Growth Slow
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 …
Richmond Manufacturers Expect Increases to Price Indexes
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 …
A Majority of Kansas City Manufacturers Anticipate Higher Product Demand in 2026
Manufacturing activity stepped up in the Tenth District in September, with the month-over-month composite index at 4, up 3 points from August. Meanwhile, expectations for future activity remained expansionary but softened, declining 4 points to 7. The Tenth Federal Reserve District encompasses the western third of Missouri; all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming; …
CDC Committee Recommends Changes to Childhood Vaccine Schedule
according to the CDC itself. The vote also means private health insurers are no longer required to cover these vaccines. However, America’s Health Insurance Plans (AHIP) said its members will continue coverage of these and other previously recommended vaccines through the end of 2026. What’s next: Acting CDC Director Jim O’Neill must approve ACIP’s recommendations. …
