Orders for American-made durable goods has fallen as business investments slump—a sign of an economic slowdown. The U.S. industrial sector has been falling into a slump after several years of rapid growth, with many economists viewing it as a prelude to a broader recession. Durable goods orders jumped by 3.2 percent in March but only by…
Micron to Invest $15 Billion in New US Manufacturing Unit
Micron Technology Inc. will invest about $15 billion over the next 10 years in a new memory-chip manufacturing facility in Boise, Idaho, where it is based, the company said on Thursday. The investment takes into account anticipated federal grants and credits under the CHIPS and Science Act and will create 17,000 jobs by the end…
Sentiment Gauge Among New York Manufacturers Drops Below Zero for Only 4th Time In History
July 16, 2022
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Business & MarketsCompanieseconomic policieseconomyInvestmentMarketsNew York Federal ReserveUSUS ManufacturingUS News
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Manufacturing activity in New York State is expected to decline over the next six months, according to the the New York Fed’s Empire State Manufacturing Survey released on July 15. Economists rely on the index and other regional manufacturing gauges for an early read on factory activity. Manufacturing in New York rose a modest 12.3 points…
Inflationary Pressures Cool U.S. Private Sector Expansion: S&P Global
May 25, 2022
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Business & EconomyChinese Communist PartyCompanieseconomyinflationInvestmentMarketsPMI Composite Output indexUSUS Manufacturing
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American business activity slowed down in May as higher prices reduced demand for services, while lockdowns in China and the ongoing conflict in Ukraine caused chaos in the supply chains. S&P Global released its May U.S. Composite PMI Output Index survey on May 24, which tracks the manufacturing and services sector throughout the country. The index fell…
Transportation Equipment, Machinery Pull Down US Factory Orders in February
WASHINGTON—New orders for U.S.-made goods fell in February, likely because of persistent shortages of materials and a shift in spending back to services, but manufacturing remains supported by low inventories at businesses. The Commerce Department said on Monday that factory orders fell 0.5 percent in February. Data for January was revised slightly higher to show…
US Manufacturing Activity Ticks Up in November: ISM Report
The U.S. manufacturing sector in November is showing strong production growth as factories continue to struggle with pandemic-related shortages of raw materials and labor, along with inflation, according to the Institute for Supply Management (ISM). The ISM’s December report shows that the index of national factory activity rose from 60.8 in October to a reading of 61.1…
Durable Goods Orders Fall for Second Straight Month
A recent government report suggests that the $5.9 trillion U.S. manufacturing sector is facing some headwinds, as orders for durable goods, such as cars, computers, and appliances fell for the second straight month in October. The report showed new orders declining 0.5 percent in October 2021, following a 0.4 percent drop in September 2021, representing…
US Manufacturing Sector Picks up in May, Work Backlogs Rising: ISM
WASHINGTON—U.S. manufacturing activity picked up in May as pent-up demand amid a reopening economy boosted orders, but unfinished work piled up because of shortages of raw materials and labor. The Institute for Supply Management (ISM) said on Tuesday its index of national factory activity increased to a reading of 61.2 last month from 60.7 in…
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