Get the latest economic and market news with Market Insight from Supply Dynamics. In this month's issue, you'll discover:
- U.S. Economy: While hiring slowed in September—employers added 136,000 jobs, below economists' expectations of 145,000—the unemployment rate hit a new 50-year low—falling from 3.7% to 3.5%.
- Key Economic Indicators: The September PMI® registered 47.8%, a decrease of 1.3 percentage points from the August reading of 49.1%. The 15 industries reporting contraction included electrical equipment, appliances & components, fabricated metal products, transportation equipment, and machinery, among others.
- Industry News: Aluminum has tumbled to a two-and-a-half-year low as slowing global growth and the U.S.-China trade war hurt demand for the metal used in airplanes and automobiles.
- Trade News and Updates: Chinese officials are signaling they are increasingly reluctant to agree to a broad trade deal pursued by President Donald Trump, ahead of negotiations this week that have raised hopes of a potential truce.
About Supply Dynamics
Supply Dynamics provides leading Fortune 500 manufacturers with real-time visibility and control over the “material-input” requirements (metals, plastics, electronics, etc.) of their extended supply chain. Our innovative solutions allow our customers to reduce the cost of raw materials and component parts that go into their products, enhance collaboration with supply chain stakeholders, and ensure that the timely purchase and supply of material-inputs is never the reason a part is late. To learn more, visit www.supplydynamics.com.
Published on October 08, 2019