An unexpected cross-country trip wasn’t something Jenavy Castro-Hernandez thought she and seven other family members would be doing, but when her uncle’s job sent him to New York, they packed their things, ready to meet him there by March 14. Arranging five children and three adults into her aunt’s old […]
Durable goods orders increased in January showing the economy’s resilience, despite global supply chain snafus and the third year of the COVID-19 pandemic approaching. New orders for durable goods – products that last for three years or more – rose 1.6 percent. This is the eighth increase over the last […]
The Commerce Department releases its advance report on durable goods – a key indicator of future manufacturing activity – on Monday. The report, based on results obtained from 4,300 manufacturers, is expected to provide more proof that the economy is ramping up faster than anticipated. Here are five things to […]
Durable goods orders declined slightly in February as global supply chain issues lingered and inclement weather pushed the manufacturing industry’s steady recovery off track. New orders for durable goods – items with a life expectancy of at least three years – declined 1.1%, according to the Department of Commerce. This is […]
Durable goods orders increased strongly in January highlighting a growing optimism in the economy’s recovery as President Biden’s $1.9 trillion stimulus bill advances and more people become vaccinated. New orders for durable goods – items with a life expectancy of at least three years like cars and computers – increased […]
SirCom, based in Temecula, California, needs parts out of Germany and China to manufacture its early warning systems. Some 70% of the products that were expected in the last week of February and the first week of March never arrived. The company has not received an expected delivery date. “We […]
New orders and employment tumbled in March at the quickest speed since 2009, signaling a tough road ahead for U.S. manufacturers. March’s Institute for Supply Management’s report on business declined to 49.1%, an indication of contraction for the U.S. economy. The index, based on a survey of U.S. manufacturing companies, […]
The U.S. Commerce Department is scheduled to release its monthly durable goods report on Thursday. The report will cover business investment data derived from March. Over the past few months, prior reports have shown high fluctuations between new orders and shipments, but economist expect U.S. durable goods will continue to […]
New orders for US durable goods increased more than expected last month, indicating business investments have begun to pick-up after a slow economic start. New orders for durable goods increased 3.1 percent in February the Commerce Department reported Friday, rebounding from a decline of 3.5% in January. “We may still […]