Several announcements were made this week relative to the near-term economy. Among them were the following:

• The U.S. manufacturing sector remains on an extraordinary run that began last year, according to OMA Connections Partner RSM and its U.S. Manufacturing Outlook Index.
• Supply constraints that are suppressing global economic growth could still get worse, keeping inflation elevated longer, according to the world’s top central bankers.
• U.S. consumer confidence hit a seven-month low in September due to the latest COVID-19 surge.

Meanwhile, National Association of Manufacturers Chief Economist Chad Moutray told members of Congress this week that supply chain and logistics issues are likely to extend into at least the first half of 2022. 9/30/2021