Manufacturing Sector’s Woes Deepening

The manufacturing sector’s woes are deepening amid an economic slowdown in China and other emerging markets Manufacturing output-the biggest component of the index, measuring the production of everything from paper clips to bulldozers-declined 0.1% in September and 0.4% the prior month. The figures suggest that the manufacturing sector’s woes are deepening amid an economic slowdown [...]

2015-10-24T13:07:37-04:00A View|

Trans-Pacific Partnership Accord Reached

Trans-Pacific Partnership Accord Opens Agricultural Markets in Japan and Canada The US, Japan and 10 other countries around the Pacific reached a historic accord Monday to lower trade barriers to goods and services and sets commercial rules of the road for two-fifths of the global economy. For the US, the Trans-Pacific Partnership accord opens agricultural [...]

2015-10-10T09:06:05-04:00A View|

Economic Driving Industries Down

Automotive, Mining, Energy & Agriculture - Economic Driving Industries Down The Federal Reserve Bank of Richmond Fifth District Survey of Manufacturing Activity manufacturing activity slowed in September. Order backlogs and new orders decreased while shipments declined…manufacturers anticipated improved business conditions during the next six months. Producers expected faster growth in shipments and in the volume [...]

2015-09-28T13:44:30-04:00A View|

Short-Term Interest Rates Unchanged

The Federal Reserve, on Thursday, left short-term interest rates unchanged. The Conference Board Leading Economic Index The US Leading Economic Index (LEI) for the US increased 0.1 percent following no change in July and a 0.6 percent June increase.” The US LEI suggests economic growth will remain moderate into the New Year, with little reason [...]

2015-09-18T12:07:21-04:00A View|

Manufacturers Should Brace for Stepped-up Competition

American Metal Market 9/11/15: Brace for Stepped-up Competition US manufacturers should brace for stepped –up competition from foreign companies because the country has become the top target for global manufacturing investments, according to a report from consulting firm McGladrey, LLP.” International companies are turning to the US as a safe haven for setting up manufacturing [...]

2015-09-11T15:20:44-04:00A View|

Overall Economy Grew for 75th Consecutive Month

The Institute for Supply Management August 2015 Manufacturing Report on Business: Economy Grew Economic activity in the manufacturing sector expanded in August for the 32nd consecutive month and the overall economy grew for the 75th consecutive month, say the nations supply executives in the latest report. Issued by Bradley J. Holcomb, CPSM, CPSD, Chair of [...]

2015-09-05T09:47:40-04:00A View|

Despite wild ride, the stock market ended up 1.1%

After a wild ride, the stock market ended up 1.1 percent this week. A stock market rout continued on Monday with the Dow Industrials down 1,000 points at the open. All signs pointed to China as the main cause; slowing growth, devaluation of the yuan…and finished the day down 588.47 points….what a ride! Chicago Fed [...]

2015-08-31T08:18:53-04:00A View|

Industrial Production Increased in July

Industrial Production Increased in July Industrial production increased 0.6 percent in July after moving up 0.1 percent in June. In July, manufacturing output advanced 0.8 percent primarily because of an increase in motor vehicle assemblies. The output of motor vehicles and parts jumped 10.6 percent and production elsewhere in manufacturing edged up. The index for [...]

2015-08-14T16:35:33-04:00A View|
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