Latest Manufacturing sector performance News

US industrial production rose just 0.1 percent in February

Mar. 15, 2019 10:42 AM EDT

WASHINGTON (AP) — U.S. industrial production rose a slight 0.1 percent in February, as an increase in utilities and mining offset the second straight monthly drop in manufacturing. The Federal Reserve said Friday that the manufacturing component of the index fell 0.4 percent last month, after having fallen...

China's auto sales contraction worsens in February

Mar. 14, 2019 6:50 AM EDT

BEIJING (AP) — The downturn in China's auto market worsened in January and February as an economic slowdown and a tariff fight with Washington chilled demand in the industry's biggest global market. Sales of SUVs, minivans and sedans plunged 17.5 percent from a year earlier to 3.2 million SUVs, minivans...

US durable goods orders up modest 0.4 percent in January

Mar. 13, 2019 8:48 AM EDT

WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods edged up slightly in January, but the strength came from a big increase in the volatile aircraft category. In encouraging news for future growth, a key category that tracks business investment plans posted its biggest gain in six...

US retail sales up just 0.2 pct. as consumers stay cautious

Mar. 11, 2019 10:46 AM EDT

WASHINGTON (AP) — U.S. retail sales rose slightly in January after a sharp drop in December, reflecting caution taken by consumers amid a government shutdown and volatile stock market. Retail sales increased just 0.2 percent, the Commerce Department said Monday, after a sharp fall of 1.6 percent in...

Electrics, compacts and SUVs share stage at Geneva auto show

Mar. 3, 2019 8:25 AM EST

FRANKFURT, Germany (AP) — Carmakers are hoping to give consumers a glimpse of the future at this year's Geneva auto show as they roll out new electric cars and try to re-energize an industry facing serious challenges on several fronts. The Geneva International Motor Show is taking place against a...

Survey: US manufacturing grew at a slower pace in February

Mar. 1, 2019 10:55 AM EST

BALTIMORE (AP) — American manufacturers expanded at a slower rate in February, as the pace of new orders, production and employment each slipped. The Institute for Supply Management, an association of purchasing managers, said Friday that its manufacturing index fell to 54.2 last month, down from 56.6 in...

US consumer spending fell sharp 0.5 percent in December

Mar. 1, 2019 10:11 AM EST

WASHINGTON (AP) — U.S. consumer spending tumbled 0.5 percent in December, the biggest decline in nine years, as the holiday shopping season ended in disappointment. Meanwhile, incomes rose sharply in December but edged down in January. The fall in consumer spending followed sizable gains of 0.7 percent in...

The Latest: Spain to maintain rights of Britons after Brexit

Mar. 1, 2019 8:42 AM EST

LONDON (AP) — The Latest on Britain's departure from the European Union (all times local): 1:35 p.m. The Spanish government wants to grant a broad range of rights to British people living in Spain even if the United Kingdom leaves the European Union without an agreement on its relations with the bloc. The...

Eurozone recession fears mount on manufacturing drop

Mar. 1, 2019 8:03 AM EST

LONDON (AP) — Worries are growing that the 19-country eurozone economy is heading toward a recession that could start undoing hard-earned improvements in the labor market. In a survey of manufacturers that is closely monitored by the European Central Bank in its interest rate deliberations, financial...

US durable goods orders up 1.2 percent in December

Feb. 21, 2019 11:10 AM EST

WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods posted a 1.2 percent advance in December, but much of the strength came from a surge in demand for commercial aircraft, a notoriously volatile sector. In a worrisome development, a key category that tracks business investment fell...