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News / Economic News

NOVEMBER 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – December 2, 2020

Economic activity in the manufacturing sector grew in November, with the overall economy notching a seventh consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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IMPORTS SET NEW ‘PEAK SEASON’ RECORD AS RETAILERS PREPARE FOR HOLIDAYS

Source:  National Retail Federation Press Release – November 9, 2020

Imports likely saw their busiest “peak season” on record this summer and fall as retailers replenished inventories and stocked up for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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OCTOBER 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – November 2, 2020

Economic activity in the manufacturing sector grew in October, with the overall economy notching a sixth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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IMPORTS SET NEW RECORD AS RETAILERS REPLENISH INVENTORIES AND STOCK UP FOR THE HOLIDAYS

Source:  National Retail Federation Press Release – October 8, 2020

Imports reached an all-time high this summer as retail sales bounced back from the pandemic and merchants replenished inventories and stocked up early for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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SEPTEMBER 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – October 1, 2020

Economic activity in the manufacturing sector grew in September, with the overall economy notching a fifth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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OCEAN FREIGHT RATES REACH RECORD HIGHS

Ocean Freight rates on the Asia to US trade lane and specifically to the US West Coast are at record high levels after two months of continuous increases. Rates are anticipated to stay elevated throughout the duration of this peak season. A variety of market forces and unique economic circumstances have combined to push rates to unprecedented levels in 2020.

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IMPORTS SPIKE AS ECONOMY CONTINUES RECOVERY AND RETAILERS STOCK UP FOR HOLIDAYS

Source:  National Retail Federation Press Release – September 9, 2020

Imports surged to unexpected high levels this summer and may have hit a new record as the U.S. economy continues to reopen and retailers stock up for the holiday season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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AUGUST 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – September 2, 2020

Economic activity in the manufacturing sector grew in August, with the overall economy notching a fourth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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RETAIL IMPORTS TO SEE LOWEST ANNUAL TOTAL IN FOUR YEARS

Source:  National Retail Federation Press Release – August 10, 2020

Imports at major U.S. retail container ports during 2020 are expected to see their lowest total in four years as the impact of the coronavirus pandemic on the U.S. economy continues, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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JULY 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – August 6, 2020

Economic activity in the manufacturing sector grew in July, with the overall economy notching a third consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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