Posts Tagged ‘manufacturing’

US Manufacturing PMI Hits Three-Month Low, ISM Factory Index Falls

by Christopher Lemieuxon February 3, 2014 3:47 pm GMT
The US manufacturing PMI retreated from an 11-month high in December’s reading of 55 to 53.7 in January. Manufacturers reported that output and new business growth declined in January with abnormally cold weather, once again, being the scapegoat. New Export orders dropped for the first time since September. The weaker new business growth was offset […]

US Unemployment Claims Better than Expected; Manufacturing Output Miss its Mark

by Christopher Lemieuxon January 23, 2014 4:04 pm GMT
Jobless claims in the United States loiters near a six-month low but increased by 1,000 to 326K in the week ending on January 18. Analysts expected an increase to 331K jobless claims; and last week’s data was revised down 1K from 226K to 225K, according to data from the Labor Department. The December’s non-farm payroll […]

Weaker CAD Offers Opportunity Says Finance Minister

by Christopher Lemieuxon January 14, 2014 7:55 pm GMT
As the USDCAD pushes through 1.0950, the Canadian junior finance minister said that the weakening of the CAD offered “remarkable opportunities,” which is benefiting the manufacturing sector. Secretary of State for Finance Kevin Sorenson, said that “I think…the manufacturing sector is quite pleased that we have a dollar that the value is down from what […]

President Obama Renews Campaign on Jobs

by Christopher Lemieuxon January 11, 2014 6:46 pm GMT
In the wake of the divergence in December’s job numbers from the previous few months, President Barack Obama is about to re-campaign how to create shovel-ready jobs in the manufacturing sector. This has been one of the key focus points of President Obama’s growth plan but has come-and-gone after his election and re-election campaigns. President Obama […]