Advertisement
Economic News
Subscribe to Economic News
View Sample

FREE Email Newsletter

Daily news and top headlines for manufacturing professionals

U.S. Factory Orders Fell 0.7% In Nov

January 6, 2015 10:24 am | News | Comments

Orders to U.S. factories fell for a fourth straight month in November, with demand in a key category that signals business investment plans down for a third month. The Commerce Department said Tuesday, Jan 6 factory orders dropped 0.7 percent in November after a similar 0.7 percent fall in October. The November weakness...

How Long Before Oil Prices Recover?

January 5, 2015 2:22 pm | by Meagan Parrish, Editor, Chem.Info | Videos | Comments

If you work in manufacturing, the free fall of gasoline prices has, in many ways, been a blessing: Feedstock and transportation costs are down, and consumer confidence is swinging way up. But of course, not everyone has been rejoicing. For those whose business depends on demand for oil...

ISM: Manufacturing Remains Strong Going Into 2015

January 5, 2015 12:46 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

Economic activity in the manufacturing sector expanded in December for the 19th consecutive month, and the overall economy grew for the 67th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. Manufacturing expanded in December as the PMI...

Advertisement

Automakers End 2014 Strongly, Pushing Some Brands To Records

January 5, 2015 9:44 am | by Tom Krisher, Dee-ann Durbin, AP Auto Writers | News | Comments

Holiday sales, cheap gas prices and low interest rates pushed U.S. auto sales to big gains in December, helping the industry close out a strong year with several brands setting sales records. Fiat Chrysler led the way, selling just over 2 million cars and trucks for a 16 percent increase over...

Do 2015 Beer Prices Depend On Bad Barley Crop?

January 3, 2015 11:41 am | by Lisa Baumann, The Associated Press | News | Comments

Problems with the 2014 malt barley crop in the western United States have resulted in the worst year for malting production in the nation, but beer drinkers likely won't have to shell out an extra couple dollars for their favorite brews. Much of the nation's large-scale brewing is done in the...

U.S. Stocks End Mixed As Manufacturing Growth Slows

January 2, 2015 5:42 pm | by Steve Rothwell, AP Markets Writer | News | Comments

Stocks got off to a sluggish start on the first day of trading in the New Year, ending the day mixed as a report showed that manufacturing growth slowed in December. U.S. factory activity grew at the slowest pace in six months last month, weakened by declines in orders and production, according...

Will 2015 See A Boost In The Federal Minimum Wage?

January 2, 2015 4:50 pm | by Bridget Bergin, Associate Editor | Blogs | Comments

Although 2015 has just begun, it has already been a big year for advocates for a higher minimum wage. On Thursday, January 1, President Obama’s executive order to raise the minimum wage in new federal contracts to $10.10 an hour went into effect, benefiting about 200,000...

U.S. Rig Count Plummets 35 To 1,840

January 2, 2015 10:17 am | by The Associated Press | News | Comments

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. plunged by 35 last week to 1,840. The Houston firm said Monday in its weekly report that 1,499 rigs were exploring for oil and 340 for gas. One was listed as miscellaneous. A year ago 1,757 rigs were...

Advertisement

Why The U.S. Will Power The World Economy In 2015

December 30, 2014 9:57 am | by Christopher Rugaber, The Associated Press | News | Comments

The United States is back, and ready to drive global growth in 2015. After long struggling to claw its way out of the Great Recession, the world's biggest economy is on an extended win streak that is edging it closer to full health. But the new year doesn't look quite...

Ahead Of The Bell: U.S. Consumer Confidence

December 30, 2014 9:50 am | by the Associated Press | News | Comments

The Conference Board releases its December index on U.S. consumer confidence Tuesday at 10 a.m. Eastern. The consumer confidence index is expected to rise to 93 this month from a November reading of 88.7, according to a survey of economists by...

2014 U.S. Economy Began Shaky, Finished Strong

December 29, 2014 10:24 am | by Josh Boak, The Associated Press | News | Comments

The U.S. economy flexed its old muscles in 2014. More than five years removed from the Great Recession, worries had taken hold at the start of the year that perhaps the world's largest economy had slid into a semi-permanent funk. But consumers, businesses and investors, after...

Japan's Top 3 Carmakers Cut Domestic Production In Nov

December 24, 2014 10:37 am | by The Associated Press | News | Comments

Japan's top three carmakers Wednesday reported weaker domestic production for November, as the lingering impact of the consumption tax hike in April dented sales and their strategy to build more vehicles overseas led to reduced exports in the month. Toyota Motor Corp., the world's largest...

Applications For U.S. Jobless Aid Fall To 7 Week Low

December 24, 2014 9:55 am | by Josh Boak, AP Economics Writer | News | Comments

The number of Americans applying for unemployment benefits has reached its lowest level in seven weeks, a sign that the U.S. economy and job market are steadily improving. The Labor Department said Wednesday that applications for unemployment benefits...

Advertisement

U.S. Consumer Sentiment At Highest Point In 8 Years

December 23, 2014 12:40 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

A survey finds U.S. consumers are more optimistic about the economy than at any other time in the past eight years, buoyed by more jobs and falling gas prices. The University of Michigan says its index of consumer sentiment has jumped to 93.6 from 88.8 in November. That's the highest level...

U.S. Economy Grew At Fast Rate In Q3

December 23, 2014 11:43 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy grew at a sizzling 5 percent annual rate in the July-September period, the fastest in more than a decade, on the strength of consumer spending and business investment. The resurgence in growth last quarter provided the latest evidence that the U.S. economy is steadily strengthening...

U.S. Consumer Spending Up Solid 0.6% In Nov

December 23, 2014 10:25 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. consumer spending rose at the fastest pace in three months in November, while income posted the best gain in five months — both encouraging signs for economic growth. The Commerce Department said Tuesday that consumer spending increased 0.6 percent in November, double the...

U.S. Orders For Durable Goods Drop 0.7% In Nov

December 23, 2014 10:06 am | by Josh Boak, The Associated Press | News | Comments

U.S. factory orders for long-lasting manufactured goods slumped in November, largely due to falling demand in the military and defence sectors. The Commerce Department said Tuesday that orders for durable goods dropped 0.7 per cent last month, the third decline in the past four months. Much...

Oil Patch Towns Looking To Catch Up With Demands

December 23, 2014 10:03 am | by The Associated Press | News | Comments

City officials in the North Dakota oil patch say they are forging ahead with housing and infrastructure projects, despite an expected downturn in drilling in the next year. Watford City Mayor Brent Sanford said development and land sales are not slowing down because housing needs for...

Chemical Manufacturing Looked Up In 2014

December 22, 2014 3:45 pm | by Meagan Parrish, Editor, Chem.Info | Articles | Comments

If 2014 could be summed up in one word for American chemical manufacturers, it would be—momentum. According to American Chemistry Council’s “Year-End 2014 Chemical Industry Situation and Outlook,” chemistry output expanded in the last year, despite weakness in key markets and...

U.S. Companies Eager To Embrace Cuba Face Hurdles

December 22, 2014 2:15 pm | by Paul Wiseman, AP Economics Writer | News | Comments

Cargill aims to sell more corn and soybeans. MasterCard covets another site for Americans to swipe credit cards. Marriott sees beachfront property that needs hotels. And outside Orlando, Florida, Danny Howell just knows there would be demand for his classic Chevrolet...

Officials Approve Incentives For IA Vegetable Oil Plant

December 22, 2014 1:46 pm | by The Associated Press | News | Comments

State and local officials have approved $3.1 million in incentives for an Omaha, Nebraska, soybean processor to build a $90 million vegetable oil refinery in northwestern Iowa. An agreement approved Friday by the Woodbury County Board will exempt Ag Processing Inc. from $2.1 million in county...

GM Pickup Production In MO A Boon For Other Plants

December 22, 2014 1:31 pm | by The Associated Press | News | Comments

Production of the Chevrolet Colorado and GMC Canyon pickup trucks at the General Motors plant in Wentzville is providing an economic boost not just in the eastern Missouri town but throughout the region. The St. Louis Post-Dispatch reports that since GM began producing the midsize pickups this...

Obama Declares 2014 'A Breakthrough Year For America'

December 19, 2014 3:41 pm | by Julie Pace, AP White House Correspondent | News | Comments

President Barack Obama said Friday that 2014 has been "a breakthrough year for America," putting aside the fits and starts of the past 12 months to focus on achievements and the prospect of compromise with his political foes who are taking control of Congress. "My presidency is entering the...

More Job Losses For The Oil Industry

December 19, 2014 2:20 pm | by CBS News | Videos | Comments

Lower oil prices are buoying Louisiana's fishermen, but putting the squeeze on others. Manuel Bojorquez reports on the threat to jobs in the state's oil industry and the impact of the steadily falling oil prices. Some reports say that job losses are offset by hiring in other industries...

Aging Farmer Population Threatens U.S. Food Supply

December 19, 2014 2:08 pm | by The Lempert Report | News | Comments

As the farmer population continues to age, young farmers face land availability and start-up costs as obstacles in becoming the next generation of farmers. However, First Generation Farmers, a Non-Profit organization is teaching young people to farm and is this week's featured food world innovator in...

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading

Curated By Logo