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A worker inspects a Carhatt hat at the Industrial Sewing & Innovation Center manufacturing facility in Detroit. Photo: Emily Elconin/Bloomberg via Getty Images

More small businesses in the manufacturing sector expect to see higher sales next quarter, relative to operators in other industries.

Driving the news: A National Federation of Independent Business quarterly report released Thursday shows that a net positive 9% of small manufacturers said in July that they expected sales growth in the next 3 months.

  • That compares to a net negative of 1%, 6% and 12% of businesses in the services, retail and construction industries, respectively.

Why it matters: Among the 1,440 business responses, more manufacturers also said they plan to increase hiring.

Of those surveyed, 41% of manufacturing companies said they plan to create new jobs in the next three months — 14 percentage points higher than the overall small business economy. 

Of note: Wednesday's durable goods report highlighted a growing backlog of unfilled orders in the manufacturing sector, as we wrote about yesterday.

Go deeper

Updated Nov 27, 2021 - Technology

America's attention recession

Illustration: Sarah Grillo/Axios

New data shows that there's been a pullback from the historically high levels of media audience growth — and in some cases consumption — during 2020, pointing to signs of a slight "attention recession" in the past few months.

The big picture: The COVID-19 pandemic drove a once-in-a-lifetime surge in the attention economy online, but the gradual return of normal life in many places — along with media overload and exhaustion — has down-shifted consumption patterns.

Biden says he'll make Supreme Court pick by end of February

President Biden speaks on the retirement of Supreme Court Justice Stephen Breyer in the Roosevelt Room of the White House. Photo: Yuri Gripas/Abaca/Bloomberg via Getty Images

President Biden on Thursday said he will announce the nominee for Supreme Court Justice Stephen Breyer's replacement by the end of February.

Driving the news: Biden also affirmed that he will nominate a Black woman to replace Breyer, saying "it's long overdue."

Stephen Breyer formally announces retirement from Supreme Court

Photo: Andrew Harnik/AP

Justice Stephen Breyer on Thursday sent a letter to President Biden formally announcing his retirement from the Supreme Court.

State of play: Breyer said his retirement will take effect when the court "rises for the summer recess (typically late June or early July) assuming that by then my successor has been nominated and confirmed."