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.
November 17, 1987 |
The nation's factories, mines and utilities operated at 81.3% of capacity in October, the highest operating rate in more than three years, the government reported today. The Federal Reserve Board said that the operating rate climbed 0.3 percentage point from September, when American industry operated at 81% of capacity. It was the highest operating rate since August, 1984, when industry operated at 81.8% of capacity, and contrasted with an operating rate of just 78.8% one year ago.
December 15, 1994 |
The nation's factories are pushing closer to capacity although signs of inflation remain sparse. Analysts say the Federal Reserve is bound to raise interest rates yet again to check economic growth. A turnaround in food and energy costs sent consumer prices up 0.3% in November, the Labor Department said Wednesday. The gain was the largest since August, but analysts said there are no signs of an impending price spiral.
February 17, 1990 |
Output from the nation's factories, mines and utilities dropped at the sharpest rate in more than 3 1/2 years in January because of a sag in the auto industry and unusually warm weather, which cut demand for electric power, the Federal Reserve Board said Friday. In a separate report, the Fed said factories used less of their operating capacity last month than in December. Industrial production fell 1.2% last month after rising 0.
February 2, 2000 |
As the U.S. economy rolled into its longest expansion ever Tuesday, a new report showed the factory sector grew for the 12th straight month but price pressures soared, fueling fears that interest rates must rise. Coming a day before the Federal Reserve was expected to announce a modest rate hike to cool the economy, the National Assn. of Purchasing Management said that its index showed manufacturing activity in January expanded to 56.3, slightly slower than its 56.8 reading in December.
March 7, 1997 |
Factories hummed with new business in January after an end-of-year slump, and jobless claims fell again last week, according to government reports released Thursday that signal manufacturing strength and a tighter job market ahead. The reports came after Federal Reserve Board Chairman Alan Greenspan warned repeatedly in recent days that the central bank stood ready to raise interest rates, if necessary, in a bid to ward off inflation. The Commerce Department said factory orders rose 2.
May 14, 2001 |
The Federal Reserve is expected today to report a drop in U.S. industrial production in April, giving Federal Reserve policymakers more reason to lower interest rates when they meet Tuesday, analysts said. "There are still some risks for the economy," said Lynn Reaser, an economist at Banc of America Capital Management in St. Louis. Though consumer spending showed unexpected strength last month, the numbers for manufacturing are still weak, she said. The Fed's report is likely to show a 0.
May 16, 1990 |
The nation's mines, factories and utilities operated at a lower rate last month than in March, with a sharp drop in the output of motor vehicles and parts, the Federal Reserve Board said Tuesday. The new signs of economic sluggishness followed reports last week that retail sales weakened in April while wholesale prices dropped from March levels, which economists said might encourage Fed policy-makers to consider lowering interest rates. The Fed said industrial production for April fell 0.
June 17, 1987 |
Industrial production rose by 0.5% in May, the biggest increase in three months, while housing construction declined by a smaller-than-expected 2.7%, the government reported today. In addition, the government said that the deficit in the nation's broadest measure of trade narrowed slightly in the first three months of the year. The Commerce Department said that the current account deficit declined by 2.3% from the final three months of 1986 to $37.12 billion.