Posts Tagged ‘factory orders’

Latest CMI reflects ‘stuttering’ economy

by Published: August 3,2010

Tags: consumer spending, credit, debt, economy, factory orders

COLUMBIA, Md. — July’s Credit Managers’ Index (CMI) continued to show that the economy as a whole is stuttering. The overall index remains above 50, but not by much, and these levels have not been seen since late last year when the index was down to 52.9 in December. As recently as April, the combined […] [...]

Businesses spend more on big-ticket purchases

WASHINGTON — Businesses spent more on big-ticket goods in May, as manufacturing continued to be a source of strength in the economic recovery. Overall, factory orders for durable goods fell 1.1 percent last month, the Commerce Department said today. But that was largely the result of a drop in demand for commercial aircraft. Excluding the […] [...]

Factory orders continue to climb

WASHINGTON — Factory orders rose in February, bolstered by strong demand for industrial machinery and commercial aircraft. It was the 10th increase in 11 months as manufacturing continues to provide crucial support for the U.S. economic recovery. “We’re not a red-hot economy,” said Tim Quinlan, an economist at Wells Fargo. “But the recovery is still […] [...]

Retail sales, factory orders swell

by Published: March 5,2010

Tags: factory orders, jobs, recession, retail

WASHINGTON — The economy is showing renewed strength as retail sales surged last month and factory orders also increased. Yet there’s little evidence such growth will lead to more hiring soon — unless recent gains in consumer spending force companies to add workers. Retailers reported Thursday that sales rose in February by the largest amount […] [...]

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