The Empire State Manufacturing Survey, the New York Federal Reserve’s gauge of manufacturing activity in the region, but optimism about the future remains.
News about U.S. manufacturing sector and global manufacturing, including commentary and archival articles published on People’s Pundit Daily.
Fiat Chrysler (NYSE:FCAU) on Sunday announced a plan to spend $1 billion on U.S. manufacturing, including modernizing plants in Michigan and Ohio.
Stanley Black & Decker, the hand and power tool manufacturer, plans to bring manufacturing jobs back to the U.S. after the election of Donald J. Trump.
The ISM Report on Business, the Institute for Supply Management’s gauge of factory activity nationwide, rose to 54.7 in December from 53.2 in November.
The Commerce Department reported U.S. durable goods orders fell 4.6% in November from the prior month, slightly less than the median estimate of 4.7%.
The Manufacturing Business Outlook Survey, the Philadelphia Fed gauge of factory activity in the Mid-Atlantic region, increased to 21.5 in December.
The Empire State Manufacturing Survey, a gauge of regional factory activity conducted by the New York Federal Reserve, rose in December more than expected.
The Chicago Business Barometer, the Institute for Supply Management gauge of factory activity in the Midwest region rose to 57.6 in November, up from 50.6.
President-elect Donald J. Trump will travel to Indiana to announce a deal struck with Carrier to keep roughly 1,000 jobs in the United States.