December 17, 1991 |
Production at the nation's factories, mines and utilities slumped sharply in November, the Federal Reserve said Monday, prompting warnings that the economy was on the brink of falling back into recession. "It's a petered-out expansion and now it's showing signs of outright decline, of reversal," said Robert Dederick, chief economist for Northern Trust Co. in Chicago. The Fed, the nation's central bank, said industrial production dropped 0.
February 17, 1996 |
Output at the nation's factories, mines and utilities last month took its biggest plunge since the nation was struggling to emerge from recession nearly five years ago. Analysts said the January figures are one more sign that the economy, burdened by bad weather and nervous consumers, slowed dramatically as the year began. But many say they expect improvement later this year. The Federal Reserve Board reported Friday that industrial production fell 0.
August 2, 2005 |
The U.S. factory sector grew more than expected in July, heralding a strong start for the economy in the third quarter, according to a survey released Monday, while June housing data presented a mixed picture. The Institute for Supply Management's factory survey index rose to 56.6 in July from 53.8 in June. The median forecast of economists polled by Reuters put the index at 54.5. Strong growth in July was reported by industries dealing in such commodities as petroleum, textiles, food and wood.
December 16, 2013 |
WASHINGTON - Industrial production grew last month at the fastest pace in a year, pushing manufacturing output above its pre-Great Recession peak for the first time, the Federal Reserve said Monday. Factories, mines and utilities increased production 1.1% in November from the previous month, the Fed said. October's industrial production was revised up to a 0.1% increase from an initially reported 0.1% decrease. Year-over-year, industrial production was up 3.2% last month as demand has increased domestically and abroad.
December 13, 2001 |
A leading manufacturing trade group Wednesday projected that the malaise that has gripped the nation's factories for more than a year probably will continue well into 2002. In its annual economic forecast, the National Assn. of Manufacturers predicts the nation's manufacturing sector, which has been contracting since October 2000, won't see meaningful recovery until the second half of 2002-nearly two years after the slump began.
September 4, 2002 |
U.S. manufacturing barely grew in August after a sharp setback a month earlier, a report said Tuesday, stoking worries the weak economic recovery may stagnate more in coming months. The Institute for Supply Management said its closely watched index of factory business conditions was unchanged in August at 50.5, posting a seventh month of growth but coming in below expectations of a rise to 51.6. The index plunged nearly 6 points in July, raising fears of a double-dip recession.
December 5, 2011
Companies decreased their overall orders to U.S. factories in October for the second straight month, evidence that the economy remains weak despite other signs of improvement. The Commerce Department says total factory orders fell 0.4 percent. September's modest 0.3 percent increase was also revised to show a 0.1 percent drop. Demand for so-called core capital goods, a good proxy for business investment, fell 0.8 percent. The report covers both durable goods, items expected to last at least three years, and nondurable goods, products such as paper, chemicals and clothing.
June 16, 2001 |
The nation's factories slowed last month to their most sluggish pace in nearly 18 years, reflecting a broad manufacturing downturn and raising deeper concerns about the health of the U.S. economy. Figures from the Federal Reserve on Friday showed that the portion of the nation's industrial capacity being put to use fell to 77.4% in May. That's the lowest mark since it stood at 77% in August 1983, during the Reagan administration. In a related report, the Fed said production at U.S.
March 2, 2005 |
U.S. factory production grew more slowly in February as new orders and hiring eased, seeming to point to tempered growth for the economy in the coming year, an industry survey showed Tuesday. Separately, the government reported that U.S. construction spending jumped 0.7% in January as both private and public construction hit record levels. Analysts said commercial construction drove the growth. The Institute for Supply Management said its index of national manufacturing slipped to 55.
July 2, 2002 |
Manufacturing--knocked down by last year's recession--in June turned in its strongest performance in nearly two years, but construction spending in May dipped to a five-month low. The latest snapshot of the economy Monday suggested the recovery remains on track but improvements are spotty, economists said. The Institute for Supply Management's manufacturing index jumped to 56.2 in June, the highest level since February 2000, and up from a reading of 55.7 in May.