Monthly briefings for 11 different industries have been updated on NFPA’s member hub. These short reports are produced by Oxford Economics and give quick insights into important industries. Highlights include:
Engineering and Metal Goods:
- US Machinery production fell by 0.7% month over month in June. June’s decrease reversed May’s 2.3% growth, which was the largest monthly expansion since December 2021.
- US machinery production appears to finally be bottoming out, according to Oxford.
- Germany saw a sharp drop in special purpose machinery production.
Construction:
- US housing starts grew 3% month over month in June, a positive turnaround after May’s 5.5% m/m decrease.
- “The Chinese real estate climate index continues to hover around historic lows but saw a rebound in June.”
- UK construction work grew 1.9% month over month in May. Growth was seen across all new work sectors.
These reports and more are available to all NFPA member on the member hub. Questions? Contact Cecilia Bart at cbart@nfpa.com or 414-259-2027.
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