News
U.S. Manufacturing Index Lower in November
The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in November was 47.7, dropping 2.7 points from October. Manufacturers reported a decrease in both output and new orders. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A reading above 50
Consumer Confidence Dips in November
U.S. consumer confidence in November registered at 100.2, decreasing two points from October, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions fell 1.3 points to 137.4 in November. The short-term outlook index for income, business and the labor market declined 2.5 points from October to 75.4. See The
October U.S. Construction Spending Decrease
U.S. construction spending in October was estimated at a seasonally adjusted annual rate of $1.8 trillion, down 0.3% from September but grew 9.2% over the year prior. Year-to-date spending was 10.8% higher than in 2021 at $1.5 trillion. Private construction spending was $1.4 trillion, 0.5% below September’s seasonally adjusted annual rate. Residential totals for October
U.S. Home Sales Increase in October
U.S. sales of new single-family homes in October were at a seasonally adjusted annual rate of 632,000, growing 7.5% from September but 5.8% lower than the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of October was 470,000, representing an 8.9-month supply at the current sales rate.
October Architectural Billings Weaken
The October Architecture Billings Index (ABI) dropped four points to 47.7, according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts decreased from 50.7 in September to 48.6. October billings were in positive territory for all geographic regions except the West, with
October Kitchen and Bath Cabinet Sales Rise YoY
U.S. kitchen and bath cabinet sales in October were 14.6% higher than the comparable month in 2021 but dropped 6.7% from September, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly “Trend of Business” member survey. Year-to-date sales grew 17.3% over 2021. Semi-custom sales increased 24.5% from October 2021 but decreased 1.3% from September. Custom
July U.S. Residential Furniture Orders and Shipments Increase
July U.S. residential furniture factory orders grew 5% from June and 9% over the same month in 2025. New orders were 5% ahead of the first seven months of 2025. Furniture shipments gained 3% from June and were 8% stronger than July 2025. Year-to-date shipments increased 1% above 2025. Backlogs increased 2% from the prior
U.S. Manufacturing Index Remains Strong in September
The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) for September climbed two points to 55.9 from August, its highest reading since May 2022 and the fourteenth consecutive month above the neutral mark of 50. Manufacturers reported gains in output, new orders, and employment due to domestic demand, while export sales declined for
September Canadian Manufacturing Dips
In September, the seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) registered 51.5, declining 1.5 points from August, but held above 50 for the sixth straight month. New orders slipped for the first time since March as tariffs reduced client demand and export sales fell for a fourth consecutive month, primarily from U.S.
Mexico Manufacturing Improves in September
The September seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) edged up 0.5 point to 50.3 from August, moving above the neutral 50 threshold and indicating marginal growth. Production declined for the 27th consecutive month, though at a slower rate than in August, while new orders expanded for a fifth straight month and
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