Mixed Fortunes for US Economy: Jobs Growth, Manufacturing Woes
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The U.S. economy continues to experience mixed conditions, according to recent reports. In the Mid-America region, the overall business conditions index rebounded in September, indicating some improvement. However, the index is still considered weak . North Dakota's overall business conditions index also saw a slight decrease but remains healthy . Additionally, North Dakota's manufacturing exports showed significant growth . Iowa's manufacturing exports expanded by 7.0% from the first 11 months of 2022 to the same period in 2023 . Despite these positive gains, supply managers remain pessimistic about the 2024 economic outlook, with only 9.1% expecting expansion. The wholesale inflation gauge rose to 71.7 in January, and supply managers anticipate a 5.9% increase in input prices for 2024. E...
#newstr #UsEconomy #EconomicConditions #ChicagoFed #BusinessConditions #EconomicOutlook