Tag: manufacturing

U.S. Manufacturing in April Dips Slightly but Remains Strong

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, […]

US Manufacturing Takes Its Hardest Hit Since 2009

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, […]

Durable Goods Jump But Not Satisfactorily

      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 Upside to the Widening Trade Deficit

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: […]