U.S. lumber prices ended Monday at $410.80 per thousand board feet, near pre-pandemic levels and down more than 70% from their March peak. The decline points to a sharp slowdown in construction activity.
Roughly 75% of manufacturing executives believe supply-chain disruptions will continue through the end of this year, according to surveys.
The Dallas Fed’s survey of Texas manufacturing activity fell almost five points to -17.2 in September, the fifth consecutive month in negative territory:
Industrial parts supplier W.W. Grainger expects to grow from about $15 billion in sales this year to up to $20 billion by 2025.
The U.S. government is appealing a court ruling allowing U.S. Sugar to buy rival Imperial Sugar despite antitrust concerns.
China reported 999 new COVID-19 infections Sunday, an increase from a day before.
Airline bookings out of Hong Kong are surging after the island eased pandemic travel restrictions, including highly disruptive hotel quarantines. Beleaguered carrier Cathay Pacific has also resumed passenger flights.
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