U.S. Factory Orders Climb 0.5% in March
"The response of capital spending to the COVID pandemic is encouraging for the outlook for 2021."
The onset of the pandemic reduced the global flow of goods. But when demand suddenly snapped back, supply chains proved less resilient.
U.S. Manufacturing Hits 3-Year High in February
“Manufacturing is doing well but it will not be smooth sailing over the next few months", in part because of supply-chain disruptions.
White House Shows Concern Over Chip Shortage
The administration is "identifying potential choke points in the supply chain" amid a shortage that has impacted automobile production around the world.
U.S. Factory Orders Climb 1.1% in December
Manufacturing has been driven by strong demand for factory goods "as 23.7% of the labor force works from home because of the COVID-19 pandemic."
Core Capital Goods Orders Rise 0.7% in October
The continued improvement in the key measure of U.S. business investment suggests manufacturers are optimistic about a return to normalcy next year.
U.S. Durable Goods Orders Jump 7.3% in June
“The sugar rush from re-openings has now faded and a resurgence of domestic coronavirus cases ... will weigh heavily on business investment."
3M Stock Falls on Earnings Miss, New Layoffs
The company is “the latest manufacturer to exhibit signs of strain at a time of weakness for the industrial economy."
U.S. Job Growth Slows Unexpectedly to 145,000
“We had relatively strong and steady job growth over the year despite a number of headwinds," an economist says.
Manufacturing Slump Reaches 5th Straight Month
A gauge of manufacturing activity hit its lowest level in 10 years but the easing of U.S.-China trade tensions may benefit some industries.
U.S. Job Growth Shatters November Forecasts
The 266,000 jobs gain shows the labor market "is continuing to provide the key foundation for the U.S. economy.”