July U.S. cutting tool consumption totaled $159.5 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 3.2 percent from June’s total but down 0.2 percent from July 2012.
U.S. wholesalers increased in their stockpiles only slightly in July after three monthly declines and theirs sales improved at the weakest pace in seven months. The Commerce Department said Wednesday that wholesale stockpiles rose just 0.1 percent in July from June. That followed a 0.3 percent decline in June.
For quite some time the subset of countries known as the BRICs have been the primary targets of U.S. manufacturers looking for either less expensive production settings or a new market in which to grow. I recently sat down with Kishore Rao, principal and lead consulting partner for the Emerging Markets practice at Deloitte Consulting LLC to discuss their continued impact, and possible replacements.
A new study predicts the United States could default on its obligations as early as Oct. 18 if Washington fails to agree on legislation to raise the government's borrowing cap.The Bipartisan Policy Center analysis says the default date would come no later than Nov. 5 and that the government would quickly fall behind on its payments.
U.S. employers advertised fewer jobs in July but hired more workers, a mixed sign that suggests only modest improvement in the job market. Job openings fell 180,000 in July to 3.7 million, the Labor Department said Tuesday. That's down from 3.9 million the previous month, which was revised lower.
Forty-two percent of small and midsize manufacturers anticipate revenues will increase in the second half of 2013. A surge in customer demand (55 percent) and launch of new product lines (48 percent) were most often cited as the reasons for the expected increase. Plus, a record number (47 percent) of small and midsize manufacturers expect to hire in the next six months.
Retail sales rose 13.4 percent over a year earlier, government data showed Tuesday. Industrial production gained at its fastest rate this year, rising 10.4 percent. An industry group reported growth in auto sales accelerated to 11 percent from July's 10.5 percent.
July U.S. manufacturing technology orders totaled $351.21 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was down 23.6 percent from June and down 23.6 percent when compared with the total of $459.44 million reported for July 2012.
As computer and electronic integration continues to grow and permeate every level of daily life, Oregon reigns supreme in its enterprise. Each new year ushers in another level of computing power and technical innovation, fueling continual research and innovation in a highly competitive market.
A new report finds that the implementation of advanced manufacturing in the American South could help the region realize its economic potential and make a vital contribution to an industry-led strategy for a revival in U.S. economic fortunes.
China's August export growth accelerated, adding to signs of a gradual recovery for the world's second-largest economy, while import growth weakened.Exports rose 7.2 percent to $190.7 billion, accelerating from July's 5.1 percent growth, customs data showed Sunday.
Manufacturing production is expected to fare somewhat better than the overall economy, with anticipated 2.2 percent growth in 2013 and 3.2 percent growth in 2014. The 2013 forecast is a decrease from 3.1 percent and the 2014 estimate is down from 3.6 percent predicted in the May forecast.
Touting economic progress at the Group of 20 summit, President Barack Obama said the nation's economic powers no longer face the threat of a financial meltdown and can turn their attention to issues of tax evasion, job creation and climate change.
The Labor Department said Friday that the unemployment rate dropped to 7.3 percent, the lowest in nearly five years. But it fell because more Americans stopped looking for work and were no longer counted as unemployed. The proportion of Americans working or looking for work reached its lowest point in 35 years.
The new rules, unveiled by the OECD and debated by G-20 finance ministers in July, would make it harder for companies to hide profits in tax havens and force them to pay tax in the countries where they make money. The leaders also agreed to an unprecedented deal to share information on individual taxpayers.
Forty-three percent of energy leaders say their investment in energy efficiency next year is projected to be more than it was last year, according to survey results released today by Schneider Electric. Twenty-two percent said their projected investment would stay the same, and 10 percent reported their investment would be less than last year.
Factory orders dropped 2.4 percent in July compared with June, when orders rose 1.6 percent, the Commerce Department reported Thursday. Orders for core capital goods, a category viewed as a proxy for business investment spending, fell 4 percent in July.
The payroll company ADP said professional and business services firms added 50,000 jobs. Manufacturers created 5,000, reversing a drop in July, and construction firms 4,000. Companies in all industries and of all sizes hired in August, ADP said.
U.S. workers were more productive from April through June than previously estimated while labor costs were unchanged.The Labor Department says productivity grew at an annual rate of 2.3 percent in the April-June quarter, up from an initial estimate of 0.9 percent growth.
Economic activity in the manufacturing sector expanded in August for the third consecutive month, and the overall economy grew for the 51st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
The number of Americans seeking unemployment benefits dropped 9,000 last week to a seasonally adjusted 323,000, near the lowest level since June 2008. The figure shows that employers are laying off fewer and fewer workers.The Labor Department says weekly applications are just 1,000 above a five-year low reached last month.
Economic growth held steady across the United States from July through late August, as Americans bought more cars and homes and auto factories added workers.A Federal Reserve survey showed all 12 of the Fed's regional banking districts reported modest to moderate growth.
The economic and employment contributions from U.S. unconventional oil and gas production are now being felt throughout the U.S. economy, increasing household incomes, boosting trade and contributing to a new increase in U.S. competitiveness in the world economy, a new study by IHS finds.
The U.S. trade deficit widened in July from a four-year low in June. American consumers bought more foreign cars and other imported goods, while U.S. companies exported fewer long-lasting manufactured goods.The Commerce Department said Wednesday that the trade gap rose 13 percent to $39.1 billion.
U.S. factories expanded last month at the fastest pace since June 2011 on a jump in orders. The report signals that manufacturing output could strengthen in coming months.The Institute for Supply Management, a trade group of purchasing managers, said Tuesday that its manufacturing index rose to 55.7 in August from 55.4 in July.