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Tag Archives: factory orders

Latest CMI reflects 'stuttering' economy

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 index was up to 56.5; ...

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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 volatile transportation sector, orders rose ...

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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 plodding along.” Manufacturers, which were ...

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Retail sales, factory orders swell

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 since November 2007. And orders ...

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