New durable goods order increases by 1.7% in February to slightly beat the median forecast by 0.2%, while shipments surged 1% after losing 0.3% in January.
News about U.S. manufacturing sector and global manufacturing, including commentary and archival articles published on People’s Pundit Daily.
The PMI Manufacturing Index, the Institute for Supply Management’s (ISM) Report on Business, increased to 57.7% as 17 of 18 industries reported growth.
The MNI Chicago Business Barometer rose by 7.1 points to 57.4 in February from 50.3, the highest Midwest Manufacturing reading since January 2015.
At the Conservative Political Action Conference (CPAC), President Donald J. Trump promised to unleash energy and put the regulation industry out of work.
Dow Chemical CEO Andrew Liveris said on Thursday the Trump Administration is “probably the most pro-business administration since the founding fathers.”
President Donald J. Trump visited the Boeing (NYSE:BA) factory in North Charleston, S.C., where talked jobs, manufacturing and the rollout of the 787-10, their newest Dreamliner jet.
The MNI Chicago Business Barometer fell 3.6 points to 50.3 in January from a previously revised 53.9 in December 2016, the lowest since May 2016.
The Commerce Department said Friday durable goods orders fell 0.4% to a seasonally adjusted $227.02 billion in December to end the year down.
The Manufacturing Business Outlook Survey, the Philadelphia Federal Reserve gauge of factory activity in the Mid-Atlantic region, rose to 23.6 in January.