Manufacturing orders saw reduced growth in February, the latest sign of an economy that is starting to cool in response to rising borrowing costs. Orders for core capital goods–business equipment excluding aircraft and defense– rose 0.2% in February, less than the 0.3% growth recorded for the previous month. Shipments of […]
May 3, 2021 by Juliet Jeske The U.S. manufacturing sector dipped slightly in April but is still showing tremendous momentum which is a sign that the economy is headed for a robust recovery from the COVID-19 crisis. The April Manufacturing Purchasing Managers Index, a monthly survey of the manufacturing industry, […]
By Juliet Jeske April 1, 2021 The manufacturing sector continued its non-stop growth in March reaching its highest level since December 1983, a sign that the U.S. economy is headed for a healthy recovery after a massive contraction due to the COVID-19 virus. The March Manufacturing PMI registered 64.7%, an […]
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 […]
The United States’ manufacturing sector has grown for the ninth straight month in a row. This glowing trend suggests the pandemic recovery is picking up steam, with persons, households and businesses investing more on long-term physical buys. In February 2021, the Purchasing Manufacturers Index (PMI) clocked in at 60.8— the […]
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, […]
New orders last month for long lasting manufacturing goods turned in the highest increase in 10 months, soothing the fears of an impending recession. Durable goods for January rose to 4.9 percent after a steep decline of 4.6 percent in December. The increase exceeded most economist’ […]
The U.S. trade deficit grew in December and overall in 2011 for the second year in a row, a sign the economy is picking up steam, say economists. From November to December, the trade deficit grew to $48.8 billion from $47.1 billion. Within that gap are signs of economic growth: […]