Latest Manufacturing sector performance News

UNH joins cybersecurity manufacturing project

Nov. 29, 2020 4:08 PM EST

DURHAM, N.H. (AP) — University of New Hampshire officials say the school's new involvement with a $111 million public-private partnership could advance the region's manufacturing sector The university recently joined the Cybersecurity Manufacturing Innovation Institute, which is led by the University of...

Envelopes from the Florida Department of Economic Opportunity Reemployment Assistance Program are shown, Thursday, Nov. 5, 2020, in Surfside, Fla.  The number of a Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.  (AP Photo/Wilfredo Lee)

Picture of US economy is worrisome as virus inflicts damage

Nov. 25, 2020 1:24 PM EST

WASHINGTON (AP) — Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic. A flurry of data released Wednesday suggested that the spread of the virus is...

Rows of boxed big-screen televisions sit on display at a Costco warehouse in this photograph taken Wednesday, Nov. 18, 2020, in Sheridan, Colo.   Orders for big-ticket manufactured goods slow to modest gain of 1.3% in October indicating economy is slowing. (AP Photo/David Zalubowski)

Slight gain of 1.3% in October for manufactured goods

Nov. 25, 2020 9:51 AM EST

WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods showed a modest gain in October but much of the strength came from a big jump in orders for military equipment. Orders for durable goods, items expected to last at least three years, rose a better-than-expected 1.3% in October and...

Orders for big-ticket manufactured goods slow to modest gain of 1.3% in October indicating economy is slowing

Nov. 25, 2020 8:42 AM EST
WASHINGTON (AP) — Orders for big-ticket manufactured goods slow to modest gain of 1.3% in October indicating economy is slowing.
FILE - This Oct. 16, 2019, file photo shows a sign at a General Motors facility in Langhorne, Pa.  On Thursday, Nov. 19, 2020, General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years.  (AP Photo/Matt Rourke, File)

GM: New batteries cut electric car costs, increase range

Nov. 19, 2020 5:03 PM EST

DETROIT (AP) — General Motors says a pending breakthrough in battery chemistry will cut the price of its electric vehicles so they equal those powered by gasoline within five years. The technology also will increase the range per charge to as much as 450 miles. The company’s product development...

FILE - In this Sept. 15, 2020, file photo, people examine a storefront window as they walk in Boston's fashionable Newbury Street shopping district. Defying fears of another slowdown, U.S. businesses kept hiring at a solid pace in October yet there are signs they remain cautious about the economy's future as the pandemic worsens. (AP Photo/Steven Senne, File)

Hiring held last month but signs of caution as virus worsens

Nov. 6, 2020 4:26 PM EST

WASHINGTON (AP) — Defying fears of another slowdown, U.S. businesses kept hiring at a solid pace in October, yet there are signs they remain cautious about the economy's future as the pandemic worsens. The Labor Department said Friday that employers added 638,000 jobs and the unemployment rate tumbled a...

FILE - In this Monday, Sept. 21, 2020, file photo, a giant American Flag hangs on the New York Stock Exchange. U.S. stocks are climbing Monday, Nov. 2, 2020, kicking off a potentially turbulent stretch for markets, as Wall Street recovers some of its sharp sell-off from last week. (AP Photo/Mary Altaffer, File)

Asian markets follow Wall Street higher ahead of election

Nov. 2, 2020 11:37 PM EST

BEIJING (AP) — Asian stock markets followed Wall Street higher on Tuesday as investors watched for U.S. election results, hoping a win by challenger Joe Biden in the presidential race might lead to more economic stimulus. Benchmarks in Shanghai, Hong Kong, Seoul and Sydney advanced. Japanese markets were...

FILE - In this June 24, 2019, file photo machines work on a Ford vehicle assembly line at Ford's Chicago Assembly Plant in Chicago.  American factories expanded at a faster pace last month, continuing a rebound from the coronavirus recession. The Institute for Supply Management, an association of purchasing managers, reported Tuesday, Sept. 1, 2020,  that its manufacturing index climbed to 56 in August from 54.2 in July. (AP Photo/Amr Alfiky, File)

US manufacturing activity at highest levels in two years

Nov. 2, 2020 11:15 AM EST

WASHINGTON (AP) — U.S. manufacturing posted a strong gain in October to the highest level in two years even as coronavirus cases have begun to surge again in many parts of the country. The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose...

Business leaders survey hits highest level in 16 years

Nov. 2, 2020 11:13 AM EST

OMAHA, Neb. (AP) — The overall economic measure of a monthly survey of Midwest business leaders hit a 16-year high for October, but the manufacturing sector of the economy remains stunted from the coronavirus outbreak, according to the Creighton University Mid-America Business Conditions Index released...

FILE - In this Sept. 20, 2019, file photo, Maurine Carter works on the wiring of a stove in LaFayette, Ga. Orders to American factories for big-ticket goods rebounded last month from a disastrous April as the U.S. economy began to slowly reopen. The Commerce Department said that orders for manufactured goods meant to last at least three years shot up 15.8% in May after plunging 18.1% in April.(Erin O. Smith/Chattanooga Times Free Press via AP, File)

September factory orders up 1.9%, economists see risks ahead

Oct. 27, 2020 9:41 AM EDT

WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods rose a stronger-than-expected 1.9% in September with a key category that tracks business investment showing a solid gain as well. The uptick in orders followed a smaller 0.4% increase in August and was the best gain since an 11.8%...