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The number of jobs added in March grew by another healthy pace, but not in trucking, while the nation’s manufacturing sector ended months of declining factory activity and overall construction fell slightly in February, according to the latest economic reports released Friday.
Read More →Growth in the overall American economy in the final quarter of last year improved by double the government's initial estimate, according to a U.S. Commerce Department report released Friday. A separate reports shows the country’s manufacturing sector is still sluggish but housing continues to do well.
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The first reading on the U.S. manufacturing sector for this month shows a slight uptick in activity, but growth remains weak as it has since the start of the year, and existing home sales slumped.
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Economic activity in the nation’s manufacturing sector showed only slightly better signs of life in February and remains tepid, but construction spending in January hit it highest level since 2007, according to newly released reports.
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A glimmer of hope that U.S. manufacturing was starting to rebound at the start of the year may have been quickly been dashed, leading to increasing concerns about the state of the overall economy, while separate reports show consumers don’t feel as good as they did last year, but they are still in the mood for home buying.
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Stoughton Trailers has installed a new clean air system in plant to create a healthier and more productive work environment for its employees.
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New home starts in the U.S. fell in January to the lowest level in three months, but industrial production, which includes manufacturing, reversed its string of recent declines. At the same time, wholesale prices increased, leading some to believe interest rates may soon move higher.
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One of the biggest drivers of the U.S. economy posted broad-based gains in January, which could ease fears following earlier indications that overall activity was slowing. However, a separate report on inventories still raises concerns about a bumpy ride.
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While activity in the nation’s manufacturing improved in January from the month before, according to reports on Monday, there is disagreement as to whether this sector is expanding or shrinking.
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Peterbilt’s Denton, Texas, manufacturing plant is celebrating its 35th year of operation. Since opening in 1980, it has built nearly 500,000 trucks.
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