Economic News Blog

Wednesday, April 1, 2020

Manufacturers Are Restructuring Supply Chains as They Brace to Tackle the Needs for Battling COVID-19

As businesses worldwide are forced to close due to COVID-19, manufacturers on the whole face a challenging near-term environment.  Custom processors and additive manufacturers reported relatively better conditions in March as compared to their peers in other manufacturing processes.  This may have been potentially due to their immediate ability to manufacture the goods necessary in the fight against COVID-19.
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Tuesday, March 31, 2020

Durable Goods Spending Growth 7.8% in February

For the third month in a row, durable goods spending grew faster than 7%.
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Tuesday, March 31, 2020

Income Growth Slowing Ahead of COVID-19 Shock

After falling below 2% in December 2019, the one month rate of growth grew 2.2% for the second consecutive month.
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Monday, March 30, 2020

Manufacturers Begin Making Significant Adjustments to Production

As automotive OEMs closed facilities and states closed non-essential businesses, significantly more manufacturers made adjustments to production/capacity in last week’s survey.
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Friday, March 27, 2020

Housing Permits Grow Faster than 12% for Third month

Month-over-month housing permits grew faster than 12% for the fifth time in six months but will likely slow significantly due to COVID-19.
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