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Daily news and top headlines for manufacturing professionals

Obama: Budget A 'Roadmap For Creating Jobs'

March 4, 2014 12:08 pm | by Alan Fram, Associated Press | News | Comments

Obama sent Congress a $3.9 trillion budget that would funnel money into road building, education and other economy-bolstering programs.                    

SE Mich. Manufacturing Contracted In February

March 4, 2014 11:24 am | by The Institute for Supply Management - Southeast Michigan | News | Comments

“Though the southeastern Michigan economy has slowed a bit, there’s no reason to believe that this is a long-term slowdown, at most it could be described as a temporary cooling of the economy,” said Timothy Butler, associate professor of supply chain management at Wayne State’s School of Business Administration.

Midwest Economic Survey Index Drops Slightly

March 3, 2014 3:58 pm | News | Comments

A monthly economic survey index dropped slightly last month but still suggests growth over the next three to six months for nine Midwestern and Plains states.                  


MAPI: February Manufacturing Drop More Than Cold Weather

March 3, 2014 3:37 pm | by The Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

Inventories had gotten well ahead of demand in the latter months of 2013. While it appears that stocks are now coming back into balance, manufacturing growth is still likely to be slower in the first half of 2014 than in the fourth quarter of 2013.

Buffett Would ‘Love’ $15 Minimum Wage

March 3, 2014 2:32 pm | by Joel Hans, Managing Editor, | News | Comments

Buffett said: “If you could have a minimum wage of $15 and it didn't hurt anything else, I would love it. But clearly that isn't the case.”                                       

Manufacturers Optimistic Overall, But Energy Costs Are A Concern

March 3, 2014 1:33 pm | by Tia Nowack, Associate Editor, IMPO | News | Comments

Like their peers in other sectors, industrial manufacturing CEOs are much less worried about the global economy than last year, although exchange rate volatility and energy costs are still big concerns.              

U.S. Manufacturing Hurt By Winter Weather

March 3, 2014 11:50 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. manufacturing expanded more quickly last month, but a measure of production fell to its lowest level in nearly five years, likely a casualty of severe winter weather.               

Energy Costs Boost Consumer Spending In Jan.

March 3, 2014 10:16 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The Commerce Department says that spending rose 0.4 percent in January following a tiny 0.1 percent gain in December.                        


Buffett: Economy Continues Steady Growth

March 3, 2014 8:54 am | by Josh Funk, AP Business Writer | News | Comments

Buffett says the economy continues the steady improvement that began in fall of 2009 and he remains optimistic about the future.                       

China Manufacturing Weakens In February

March 3, 2014 8:49 am | by Joe McDonald, AP Business Writer | News | Comments

China's manufacturing weakened in February and employers cut staff at the fastest rate in nearly five years, a survey showed Monday.                       

Obama Challenges Congress To Help Create Jobs

March 3, 2014 8:09 am | News | Comments

President Obama is challenging Congress to help him create jobs and rebuild the nation's infrastructure.                  Rewind: Boeing's Spy Phone; Detroit's UAW Worries

February 28, 2014 2:41 pm | News | Comments

Check out some of this week's top headlines from across, from a phone that can self-destruct from an airplane manufacturer to more stress for Detroit from the United Auto Workers union.          

Consumer Confidence Rises In February

February 28, 2014 2:07 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

A rising stock market and a more optimistic outlook among younger Americans pushed up a measure of U.S. consumer sentiment in February.                      


Economy Expands At 2.4 Percent Rate In 4Q

February 28, 2014 8:45 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy grew at a 2.4 percent annual rate, significantly slower than first thought, reflecting slower consumer spending than initially estimated.                  

Biden Tells Dems Not To Apologize

February 27, 2014 2:39 pm | by Josh Lederman and Ken Thomas, Associated Press | News | Comments

Vice President Joe Biden says his central message to Democrats is not to apologize for the party's policies heading into the 2014 midterm election.                               

NAM: Economic Growth Depends On Comprehensive Tax Reform

February 27, 2014 2:13 pm | News | Comments

"Comprehensive reform carries with it serious effects on our economy, along with the potential to unleash significant growth if done well," according to NAM.                                

MAPI: Durable Goods Down, But Outlook Still Up

February 27, 2014 11:03 am | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

While on the surface the report seems alarmingly negative, it is not. Civilian aircraft orders declined 20.3 percent in January and 22.3 percent in December; aerospace has an extremely volatile order book month to month but its backlogs extend many years into the future.

Durable Goods Orders Fall In January

February 27, 2014 9:40 am | by Josh Boak, AP Economics Writer | News | Comments

But a key category that reflects business investment rebounded on the strength of demand for electronics and fabricated metals.                      

Applications For Jobless Benefits Rise To 348K

February 27, 2014 8:42 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Applications are a rough proxy for layoffs. The average is not far above pre-recession levels, a sign companies are laying off few workers.                   

Ending Currency Manipulation Could Create 5.8M Jobs

February 26, 2014 3:23 pm | by Alliance for American Manufacturing (AAM) | News | Comments

The study found that every state would see significant job gains within three years, with a major impact on manufacturing job growth.                    

Jindal Defends Criticism Of Obama Economic Policy

February 26, 2014 2:30 pm | News | Comments

Gov. Bobby Jindal is defending his harsh criticism of President Barack Obama within yards of the Oval Office, saying "in America we don't have a king." The Republican was criticized by a Democratic governor Monday after Jindal emerged with others from a meeting with Obama and said the president "seems to be waving the white flag of surrender" on the economy.

MAPI: China’s Economic Reforms Offer Both Challenges And Opportunities

February 26, 2014 2:10 pm | News | Comments

Despite being comprehensive and ambitious, China’s new economic reform agenda is criticized for being vague and not overwhelmingly innovative. According to a new report, however, what is encouraging this time is that China’s leaders have demonstrated a stronger will to ensure successful implementation.

ELFA: New Equipment Finance Up 2 Pct. In January

February 26, 2014 10:55 am | by The Equipment Leasing and Finance Association | News | Comments

The Equipment Leasing and Finance Association said overall new business volume for January was $6 billion, up 2 percent from new business volume in January 2013. Volume was down 44 percent from December, following the typical end-of-quarter, end-of-year spike in new business activity. 

Obama, Boehner Meet For Hour At White House

February 26, 2014 10:00 am | by Jim Kuhnhenn, Associated Press | News | Comments

Disentangled from showdowns or looming crises, President Barack Obama and House Speaker John Boehner held a rare one-on-one Oval Office meeting Tuesday addressing potential areas of common ground that could lay a foundation for more ambitious goals like immigration and trade that remain long shots for action this year.

Manufacturing The Comeback For The American Economy

February 25, 2014 2:12 pm | News | Comments

Speaking at the Greater Houston Partnership’s Thought Leader Series, Timmons discussed the unique opportunities and challenges facing the manufacturing economy and the solutions that will bolster the manufacturing industry’s economic strength nationwide and throughout the world.

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