The economy continues to present mixed signals on the future of expansion. Consumer spending, industrial production, and inflation readings all positively exceeded expectations in the second quarter of 2024. However, the labor market is cooling and firms continue to grapple with high interest rates, contributing to higher bankruptcies.
? Container traffic at U.S. ports has surged to its highest level in two years as shippers hedge against disruption and retailers gradually build up inventories to normal levels. Annualized growth in imports is forecast throughout the latter half of the year.
? Manufacturing construction spending continues to hit new heights, measuring $121.5 billion in May 2024, nearly double the pre-pandemic 5-year average. The South is collecting the lion’s share of this investment, where manufacturing growth is also driving additive demand for industrial space...
RSK: Good lengthy report. Industrial doing well although a bit of a slowdown from record pace. Should continue especially in certain stronger markets and sectors.
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- - Volume: 24 - WEEK: 37 Date: 9/12/2024 9:17:08 AM -