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, […]
Tag: US economy
“U.S. Manufacturing is Booming” say Economists, but Employment and Production Still Lag Behind
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 […]
As Coronavirus Spreads Globally, Some Manufacturers Thrive While Others Dive
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 […]
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, […]
Housing starts down again in January
U.S. homebuilders started construction on fewer projects in January than in December, continuing a six-year, saw-tooth pattern of ups and downs in housing starts. January housing starts were at a seasonally adjusted annualized rate of 1.065 million units, 2 percent below the downwardly revised December estimate of 1.087 million. Economists […]