Factory Orders Edged Upward in July
Washington, DC, September 2, 2015—Orders to U.S. factories rose by 0.4% in July to $482 billion, according to the U.S. Census Bureau.
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Private Sector Employment Added 190,000 Jobs in August
Roseland, NJ, September 2, 2015—Private sector employment increased by 190,000 jobs from July to August according to the August ADP National Employment Report.
Construction Spending Rose 0.7% in July, 13.7% YOY
Washington, DC, September 2, 2015—Construction spending during July was estimated at a seasonally adjusted annual rate of $1,083.4 billion, 0.7% above the revised June estimate, according to the The U.S. Census Bureau.
Productivity Increased 3.3% in Second Quarter
Washington, DC, September 2, 2015—Nonfarm business sector labor productivity increased at a 3.3% annual rate during the second quarter of 2015, the U.S. Bureau of Labor Statistics has reported, as output increased 4.7% and hours worked increased 1.4%.
Fewer than Half of U.S. Metro Areas Added Jobs Between July '14 and '15
Arlington, VA, September 2, 2015—Construction employment increased in fewer than half of the nation's metro areas between July 2014 and July 2015, according to the Associated General Contractors of America.
August PMI Fell Slightly, Says the Institute of Supply Management
Tempe, Arizona, September 1, 2015—The August Purchasing Managers' Index (PMI) registered 51.1%, a decrease of 1.6 percentage points from the July reading of 52.7%, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
New Software System Determines What Retail Customers Want to Buy
Cambridge, MA, September 1, 2015—Two Massachusetts Institute of Technology professors have developed a software system called Celect that analyzes a store’s sales and inventory data to determine which products customers want to buy.
Details of Distribution Management University Announced
Chicago, IL, September 1, 2015—The 2015 Distribution Management University will be held in conjunction with the NAFCD + NBMDA Annual Convention on November 3 from 8:00 a.m. to 5:00 p.m. at the Hilton Orlando in Orlando, Florida.
Housing Cycles Have Lengthened
Alexandria, VA, August 31, 2015—Housing market pricing cycles—normal, boom and bust phases—have become longer over the last four decades, according to statistical analysis of data from 20 industrial countries covering the period 1970 to 2012.
August Consumer Sentiment Down Due to Stock Market Decline
Ann Arbor, MI, August 31, 2015—The final result for consumer sentiment in August was 91.9, down 1.3% from July’s reading of 93.1.