The sector’s overall index rose to 49% in September from 47.6% earlier, while the production subindex rose to 52.5% from 50%. … READ MORE >
Economics
The looming government shutdown’s potential impact on manufacturers
A shutdown would slow imports and exports, delay compliance and permitting processes and affect government funding to support midsize manufacturers. … READ MORE >
RSM US Manufacturing Outlook Index: Four months of improvements at risk
Three of the five regional Federal Reserve surveys reported increased activity during the month, while the Philadelphia and Kansas City regions reported significant contractions. … READ MORE >
Canada’s economy was unchanged in July
Friday’s data is in line with the Bank of Canada’s goal of cooling the economy and is a signal to the central bank that no further rate hikes are needed. … READ MORE >
American consumers remain resilient as shutdown looms
Despite a rise in overall inflation because of higher oil prices, core inflation and spending volume remained soft in August. … READ MORE >
Jobless claims hold steady as pending home sales plunge
Initial jobless claims inched up by only 2,000 last week to 204,000, remaining below the pre-pandemic average, while pending home sales plunged by 7.1% in August. … READ MORE >
Business equipment spending rebounds
Business orders for equipment rebounded in August after falling for two straight months, an encouraging sign for American businesses. … READ MORE >
Housing prices set a record as consumer confidence dips
Housing prices set a record in July, according to the S&P CoreLogic Index, rising by 0.87% on a seasonally adjusted basis. August’s new home sales, however, dropped by a sharp 8.7%. … READ MORE >
The economics of another U.S. government shutdown
A shutdown will hurt the economy, placing a drag on spending and overall economic activity as we approach the traditional holiday season. … READ MORE >
Don’t believe the hype: Student loan payments present modest drag on growth
Despite the hype and scare tactics around a well-telegraphed restart date, we estimate that it will result in only a 0.3 percentage point drag on GDP in the United States. … READ MORE >