The most respected early read on the state of U.S. manufacturing in April came out today and showed factory activity cooled last month. The details of the data suggested the worst may already be over. The Institute for Supply Management,...
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Photograph by Natalie Behring/Bloomberg
A worker paints a refrigerated railcar in Portland, Oregon.
Data: Manufacturing Slump Less Than Meets the Eye
Photograph by Scott Eells/Bloomberg
A welder welding the frame of a modular housing unit at the Brooklyn Navy Yard in the Brooklyn borough of New York.
Behind the Growth: Manufacturing Lags
The lower-than-expected reading this morning for U.S. economic growth in the first quarter has revealed a few victims even as growth picked up — among them, factories. “Manufacturing activity remains weak relative to the larger economy,” in part due...
Read more »Hiring on Hold as Businesses Watch Talks in Washington
U.S. business activity is showing continued strength ahead of the threat of the so-called fiscal cliff, but uncertainty over the outcome of Washington’s budget talks may be keeping companies from adding to their payrolls. The MNI Chicago Report’s business barometer...
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Photograph by Tim Boyle/Bloomberg
A worker in Chicago.
Democrats See Negative Economic News on Convention’s Day One
Bad news for Democrats as they gather for the start of their national convention in Charlotte: A survey showed U.S. manufacturing contracted for a third straight month in August, and the Gallup Poll’s monthly economic confidence index hit its 2012...
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Photograph by Ty Wright/Bloomberg
A welder in Owensboro, Kentucky.
Longest Slide in Manufacturing Since ’09 Shows Economic Cracks
As Democrats gather in Charlotte to nominate President Barack Obama for a second term, a pillar of the economic recovery showed some cracks. The Institute for Supply Management said today American factories pulled back in August for a third consecutive...
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Photograph by Jae C. Hong/AP Photo
Mitt Romney at a campaign rally held at the closed National Gypsum drywall factory in Lorain, Ohio, on April 19, 2012.
Romney Visits Factory Closed Under Bush, Blames Obama
It seemed like the perfect political setting for Mitt Romney. A shuttered dry-wall factory in Lorain, Ohio — a swing state hit hard by the recession – where four years ago then-candidate Obama promised to turn-around the economy. “It would have...
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Photograph by Aaron Showalter/Pool via Bloomberg
President Barack Obama, right, with David Cameron, U.K. prime minister, in New York, on Sept. 21, 2011.
Magic Number of the Day: 269,400
That’s how many manufacturing jobs Ohio has lost in the past 10 years. President Obama heads to Ohio today with British Prime Minister David Cameron, not to talk manufacturing jobs, but to watch the start of March Madness. The...
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