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Daily news and top headlines for manufacturing professionals

NY Manufacturing Index Slows In March

March 16, 2015 9:55 am | by Martin Crustinger, AP Economics Writer | News | Comments

The Federal Reserve Bank of New York said Monday that that its Empire State manufacturing index slipped to 6.9 in March from a reading of 7.8 in February.                

The Dollar Is Making A Comeback

March 13, 2015 10:37 am | by Maura Falk, Associate Editor | Videos | Comments

The dollar is at its highest value of $1.05 against the euro in 12 years.                                                                                                                                                                

State Economy Paying The Price For Tax Plan Intended To Save Business

March 11, 2015 2:11 pm | by David Eggert, The Associated Press | News | Comments

On a Tuesday morning in October 2010, a beaming Gov. Jennifer Granholm and executives of the Detroit Three automakers walked into a meeting of Michigan's economic development board to announce the final pieces of an agreement to head off thousands of company...

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U.S. Wholesale Stockpiles Increase, Sales Sink In January

March 11, 2015 1:09 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. wholesale businesses increased their stockpiles by a modest amount in January as sales plunged by the largest amount in six years. Stockpiles held by wholesale businesses rose 0.3 percent in January after no change in December and a 0.8 percent November...

Good News For Some Of Us: Other People Are Quitting Jobs

March 10, 2015 6:07 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Quitting your job — all but unheard of during and after the Great Recession — is becoming more common again. That could mean pay raises are coming for more Americans. The trend has already emerged in the restaurant and retail industries, where quits and pay are rising faster...

China's Auto Sales Growth Decelerates In February

March 10, 2015 6:17 am | by Joe Mcdonald, AP Business Writer | News | Comments

China's auto sales growth decelerated in February despite a near doubling in purchases of Chinese-made SUVs, an industry group reported Tuesday. Sales in world's biggest auto market rose 6.4 percent to 1.4 million vehicles, according to the China Association of Automobile...

Epic Snows Have Meant Economic Woes Across All Industries

March 7, 2015 1:13 pm | by Philip Marcelo, The Associated Press | News | Comments

Ignore anyone who tells you snow is free. Every work day lost during New England's historic winter has meant millions of dollars taken out of the regional economy. IHS Global Insight, an economic analysis firm, estimates Massachusetts alone suffered roughly $1 billion in lost wages and profits, as storm after storm...

Apple Boots AT&T From Dow Jones Industrial Average

March 6, 2015 3:15 pm | by Bernard Condon, Mae Anderson, The Associated Press | News | Comments

Apple is in. AT&T is out. In another victory of sorts for the popular and profitable iPhone giant, Apple will replace AT&T in the aged, but venerable Dow Jones industrial average . . .         

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Report: Reshoring To Boost Industrial Construction In 2015

March 6, 2015 9:57 am | by Andy Szal, Digital Reporter | News | Comments

Construction research firm CMD expects starts of industrial construction projects to increase 7.8 percent this year due in large part to reshoring efforts by U.S. manufacturers. The Georgia-based group's quarterly forecast suggested lower domestic energy prices and declining overseas competitive advantages...

Another Solid Month Of Job Gains Over 200K Expected For February

March 6, 2015 1:12 am | by Christopher S. Rugaber, Economy Writer | News | Comments

U.S. employers are expected to follow the best three-month burst of hiring in 17 years with another solid round of job gains in February. Still, the result is unlikely to match the furious pace of November through January, when 1 million positions were added. Economic growth...

Applications For U.S. Jobless Aid Inch Up To A 10-Month High

March 5, 2015 1:44 pm | by Christopher S. Rugaber, The Associated Press | News | Comments

The number of people seeking unemployment benefits rose last week to the highest level since May, though the pace of applications remains at a level consistent with steady hiring. Weekly applications rose 7,000 to a seasonally adjusted 320,000, the Labor Department said...

U.S. Productivity Falls At Faster Pace, Labor Costs Rise

March 5, 2015 10:03 am | by Martin Crustinger, AP Economics Writer | News | Comments

U.S. worker productivity was even weaker than first thought from October through December while labor costs rose at a faster rate. Productivity declined at an annual rate of 2.2 percent in the fourth quarter, weaker than the 1.8 percent drop that was estimated a month ago, the Commerce Department...

China Lowers Growth Target, Promises To Open Industries

March 5, 2015 9:38 am | by Joe McDonald, AP Business Writer | News | Comments

China set a lower economic growth target for this year and promised to open more industries to foreign investors as it tries to make its slowing, state-dominated economy more productive. The growth target of about 7 percent, down from last year's 7.5 percent, is in line with efforts to create...

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Survey: U.S. Businesses Add 212K Jobs In February

March 4, 2015 2:11 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. businesses added more than 200,000 jobs in February for the 13th straight month, a private survey found. It was the latest sign that strong hiring should boost the economy this year. Payroll processor ADP said Wednesday that companies added 212,000 jobs last month, a solid gain, though...

U.S. Manufacturing Slows As Output, Hiring Weaken

March 2, 2015 11:09 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. factories expanded last month at their weakest pace in a year, with orders, hiring and production all growing more slowly. The Institute for Supply Management, a trade group of purchasing managers, said Monday that its manufacturing index slipped...

Dearth Of Jobs A Barrier To Post-Bankruptcy Detroit's Growth

March 2, 2015 3:13 am | by Corey Williams, The Associated Press | News | Comments

When Alison Norris couldn't find work in Detroit, she searched past the city limits, ending up with a part-time restaurant job that's 20 miles away but takes at least two hours to get to via separate city and suburban bus systems. For many city residents...

Survey Shows China Manufacturing Improving

March 1, 2015 11:14 pm | by The Associated Press | News | Comments

A new survey shows China's manufacturing activity improved in February for the first time in several months. HSBC Corp. said Monday its purchasing managers' index rose to 50.7 from January's 49.7 on a 100-point scale on which numbers above 50 show activity increasing. It was the...

Baton Rouge-Area Industries Expect To Maintain Employment

February 27, 2015 10:29 am | by The Associated Press | News | Comments

A survey by the Greater Baton Rouge Industrial Alliance finds most of the Baton Rouge area's major industrial employers expect spending and employment at the plants to remain the same or expand during the next six months...  

Gas Cost Lowers Consumer Prices By Most In Six Years

February 26, 2015 10:00 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

A plunge in gas prices last month lowered consumer prices by the most in six years. But excluding the volatile food and energy costs, prices rose. The Labor Department said Thursday that the consumer price index fell 0.7 percent in January, the sharpest drop since December 2008. Tumbling prices at the pump drove...

Orders For U.S. Durable Goods Up 2.8 Percent In January

February 26, 2015 9:37 am | by Martin Crustinger, AP Economics Writer | News | Comments

Orders to U.S. factories for long-lasting manufactured goods rebounded in January as a key category that signals business investment plans showed an increase. Orders for durable goods increased 2.8 percent in January after declines of 3.7 percent in December and 2.2 percent in November, the Commerce Department reported Thursday. Demand in a category that serves as a proxy...

Report: 19 Oil And Gas Stocks In 'Extreme Danger'

February 24, 2015 2:58 pm | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | News | Comments

A report from a Baltimore-based financial network warns of 19 energy stocks in jeopardy of "going belly-up" in the wake of plummeting oil prices. David Fessler, energy and infrastructure strategist for the Oxford Club, compiled the "Oil Company Death List" to highlight oil and gas companies that...

Fed Waits On Rate Raise, Wage Growth Disappoints

February 24, 2015 2:04 pm | by Bridget Bergin, Associate Editor | Videos | Comments

Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, announced in testimony before the Senate Banking Committee that the Federal Reserve will not rush to raise interest rates. Despite recent economic growth, one piece of the labor market puzzle...

Obama: DHS Shutdown Would Hurt State Economies

February 23, 2015 3:02 pm | by Jill Colvin, The Associated Press | News | Comments

President Barack Obama says a shutdown of the Department of Homeland Security would have a direct impact on state economies and the nation's security. Obama is speaking Monday to the nation's governors, who are gathered at the White House for a meeting with the president and...

Stronger Dollar To Increase Trade Deficit, Hamper Manufacturing Growth

February 23, 2015 9:30 am | by Andy Szal, Real Time Digital Reporter, Manufacturing.net | News | Comments

A manufacturing group predicts the U.S. industrial sector will grow at a faster rate than the national economy as a whole during the next two years. Further manufacturing growth, however, is likely to be hampered by further increases in the nation's trade...

Surging Dollar Takes Bite From U.S. Corporate Profits

February 21, 2015 1:14 am | by Matthew Craft, AP Business Writer | News | Comments

The biggest obstacle for Coca-Cola and Pepsi these days isn't tied to taste tests, the declining popularity of sugary drinks or even their century-long rivalry. It's the surging U.S. dollar. The two soda giants rely on overseas customers for roughly half of their revenue. When they turned in...

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