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Government data on Thursday showed manufacturing output rose at an annualized rate of 0.9% in the fourth quarter. It grew 1.6% in 2023 compared to 0.8% in 2022.
New data from S&P Global out Friday showed its manufacturing PMI increased to 50.1 in January, up from 49.4 in December and marking a seven-month high for the index. Readings above 50 indicate ...
The ISM's manufacturing PMI registered a reading of 50.3 in March, up from February's reading of 47.8 and higher than the 48.3 economists expected, according to Bloomberg data.
Nondurable manufacturing output rose 0.7% amid broad gains. Mining output advanced 1.8% after falling 0.5% in November. Utilities production rose 2.1%, driven by a 6.2% increase in natural gas ...
Data for January was revised lower to show orders falling 6.9% instead of the previously reported 6.2%. Economists polled by Reuters had forecast durable goods orders would rise 1.1%. Orders ...
Manufacturing output recovered from the Great Recession, reaching an all-time high in 2021, but manufacturing employment has been declining since the 1990s, giving rise to what is known as a "jobless recovery," which made job creation or preservation in the manufacturing sector an important topic in the 2016 United States presidential election.
Based at CNN's world headquarters in Atlanta, Georgia, the program featured reports worldwide by CNN correspondents and affiliates. It included regular business updates from New York City and London, sports and weather updates as well as covering all the live and breaking news. In 2019, CNNI relaunched the show with anchors Isa Soares and Cyril ...
A second report from the Commerce Department's Census Bureau on Tuesday showed construction spending dropped 0.3% in July after being unchanged in June as higher mortgages and increased supply ...