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Durable Goods Orders Rise on Transportation

New orders for durable goods increased 0.7 percent to $267.2 billion in May, paced by a gain in orders for transportation equipment, the Commerce Department said today.

Cutting Tool Orders Rise in June

June 2022 U.S. cutting tool consumption totaled $175.9 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 0.3% from May’s $175.4 million and up 2.2% when compared with the $172.1 million reported for June 2021.

S&P Global Mobility Names Executive Editor

S&P Global Mobility, a division of S&P Global, announced it has hired journalist, analyst, and editor Mark Rechtin for the newly created role of executive director and executive editor.