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Industrial Production
Factory orders up for third straight month as manufacturing rebounds
New orders for goods from U.S. factories increased in April for the third consecutive month, signaling a rebound in the manufacturing sector after a weather-related winter slowdown. Factory orders rose 0.7% in April compared with March, the Commerce Department said Tuesday, exceeding economists' projections for a 0.5% increase. The value of those orders hit a new record of $499 billion. Orders are a sign of future activity and are watched closely in the manufacturing sector because of their importance to the economy. Extreme weather in much of the nation led to drops in new orders in December and January. Growth returned in February, with orders rising 1.7%. Orders increased...
Related "Industrial Production" Articles
Factory orders up for third straight month as manufacturing rebounds
New orders for goods from U.S. factories increased in April for the third consecutive month, signaling a rebound in the manufacturing sector after a weather-related winter slowdown.
Factory orders rose 0.7% in April compared with March, the Commerce...
Stocks close higher, S&P 500 sets another record
More promising signs that the economy is strengthening after its winter slowdown pushed stocks higher on Tuesday. The Standard & Poor's 500 index rose for the fourth straight day and ended at another all-time high. It closed above 1,900 for the...
Sustainable housing an evolving term for architects
It's been more than 40 years since architects started embracing green design principles. Spurred by the environmental movement of the 1960s and 1970s, architects began to think about building homes that were more environmentally friendly.
Today, green...
Free trade on steroids: The threat of the Trans-Pacific Partnership
Many supporters of the proposed Trans-Pacific Partnership, or TPP, trade agreement are arguing that its fate rests on President Obama's bilateral talks with Japanese Prime Minister Shinzo Abe in Japan this week. If Japan and the United States can sort out...
Drought in California may hinder job growth for years, economists say
The ongoing drought in California could dampen employment growth in coming years and have a ripple effect on several industries in the state, according to a UCLA report released Wednesday.
Economists said in the quarterly forecast that arid conditions in...
Factory output surged last month, boosting industrial production
WASHINGTON — Factories heated up last month, unexpectedly posting their biggest output gains since last summer and helping overall industrial production reverse a weather-related January decline, the Federal Reserve said Monday.
Manufacturing output...
There are better job creators than high-speed rail
To the editor: I believe that Madeline Janis has it all wrong. I have no issue with her recommendation that the U.S. develop the capability to manufacture high-speed rail cars and "high-tech aluminum trains." ("High-speed job creation for...
Gun control advocates take new look at strategy
WASHINGTON — After a year that produced limited results, at best, for their cause, advocates of new gun-safety laws are recalibrating strategy, hoping to find more success at the ballot box and upset the conventional wisdom that opponents of gun control...
Manufacturing sector expands at fastest pace since 2011, report says
WASHINGTON -- According to one report, the manufacturing sector expanded in September at its fastest pace since early 2011, an indication that economic growth is picking up in the second half of the year.
The Institute for Supply Management's closely...
Durable goods orders bounce back in April, jumping 3.3%
WASHINGTON -- Orders for airplanes, appliances, computers and other long-lasting durable goods jumped 3.3% in April after a sharp decline the previous month, a positive sign for the economic recovery.
The increase was the second in three months for an...
Durable goods orders rose more than forecast in June
WASHINGTON -- Orders for long-lasting durable goods such as airplanes and electronics rose much more than expected in June, a positive sign for economic growth in the second half of the year.
The Commerce Department said Thursday that durable goods...
Durable goods orders up 3.6% in May, a good sign for manufacturing
WASHINGTON -- Orders for airplanes, computers and other long-lasting durable goods rose more than expected in May, the third increase in four months and a sign of strengthening in the vital manufacturing sector.
Durable goods orders rose 3.6% in May from...
Manufacturing sector expanded in July at fastest pace in two years
WASHINGTON -- Factories heated up last month as the manufacturing sector expanded at its fastest pace in two years, the Institute for Supply Management said Thursday.
The group's purchasing managers index jumped to 55.4 in July from 50.9 the previous...
Manufacturing growth unexpectedly picks up in August, ISM says
WASHINGTON -- Growth in the key manufacturing sector unexpectedly picked up last month from an already strong pace as factories saw a surge in new orders, the Institute for Supply Management said Tuesday.
The group's purchasing managers' index, which...
Unlike previous years, new iPhones slow to sell out
Did you forget to pre-order the iPhone 5c last night? Don't fret -- there seems to be plenty left on Apple's website.
Preorders kicked off Friday for the iPhone 5c, one of two new iPhones Apple announced earlier this week. The iPhone 5c comes in five...
Durable goods orders down in January, but pace of decline lessens
WASHINGTON -- Orders for airplanes, appliances and other long-lasting durable goods fell in January for the second straight month, but the pace of decline lessened and there were positive signs in the data for the vital manufacturing sector.
Orders...
Bad weather causes big falloff in January factory production
WASHINGTON -- Severe weather put a big freeze on factory production last month, causing output to fall the most since the Great Recession ended, the Federal Reserve said Friday.
Manufacturing output fell 0.8% in January compared with the previous...
Severe winter weather estimated to cost economy nearly $50 billion
The severe weather that has hit much of the country this winter has cost the economy nearly $50 billion in lost productivity and 76,000 jobs, according to a new survey.
The debilitating effects of Old Man Winter hit factory production, which last month...
Bill banning sale of cosmetics containing microbeads to be proposed
California is lining up to become the largest state to ban the sale of cosmetic products, such as facial scrubs, containing tiny plastic beads that find their way into waterways and the ocean.
Assemblyman Richard Bloom (D-Santa Monica) plans to introduce...
Industrial production surged last month, topping pre-recession peak
WASHINGTON — Industrial production grew last month at the fastest pace in a year, pushing manufacturing output above its pre-Great Recession peak for the first time, the Federal Reserve said Monday.Factories, mines and utilities increased production...
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