
Two reports show the nation’s manufacturing sector is making continued improvements following a bumpy ride that began last year and early this year.
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The nation’s manufacturing is continuing to show signs of renewed life following a downturn, while separate reports show overall moderate economic growth with existing home sales booming.
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A decline in manufacturing activity helped push down the amount of output from the nation’s factories, mines and utilities in May, while prices at the wholesale level moved higher for the second straight month, according to economic reports released Wednesday.
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Orders for long-lasting manufactured durable goods surged in April, but the hike is a bit deceptive if you don’t dig below the surface of Commerce Department numbers.
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The U.S. manufacturing sector crept closer to contracting in May, while new homes sales in April hit their highest level in more than eight years.
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Retail prices in the U.S. posted their biggest gain in three years during April, while industrial production increased the most in more than a year, as e-commerce and housing starts remain healthy.
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Two new readings of the U.S. manufacturing sector for April show the second quarter began with a slowdown in production and new business growth, while a separate report indicates construction activity is booming.
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The first look at April business conditions in the nation’s sluggish manufacturing sector shows the situation is improving little. Other readings are slightly more encouraging.
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Industrial production decreased for the second month in a row during March, adding another sign the economy sputtered in the first quarter of the year.
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East Manufacturing has opened a new, highly automated manufacturing facility at the company’s headquarters in Randolph, Ohio, that will accelerate trailer production.
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