Industrial production rose again in April for the third consecutive month, according to Federal Reserve figures issued Wednesday, while separate reports show a decline in new home sales and a smaller gain in retail sales.
Two reports about the nation’s manufacturing sector during April showed it continued expanding, though they differed in just how much activity increased overall. Another report indicated activity in the construction sector was volatile.
Daimler Trucks North America has announced three high-level appointments to its manufacturing and remanufacturing operations.
New orders for long-lasting manufactured durable goods jumped more than expected in March, but analysts pointed to some concerns deeper in the Commerce Department report. Separate reports showed improvements in new homes sales as well as in consumer confidence.
The latest economic reports show a further increase in U.S. manufacturing output and a firm footing for the overall economy, but raised some questions about where employment and labor are going, while there were mixed results for existing-home sales.
Wabco Holdings announced that it will locate its new Americas headquarters in Auburn Hills, Michigan, and is currently building the facility to house it.
The latest numbers about the health of the U.S. economy showed continued growth when it comes to industrial production, housing starts, and retail sales, indicating increasing energy for the first part of the second quarter.
The number of U.S. non-farm jobs added in March moderated while trucking added the most jobs in recent memory, according to a new Labor Department report.
Employers continued adding a high-number of non-farm jobs in March while U.S. factory orders increased broadly in February, but the rebound was less than expected, according to two new reports.
Economic activity in the nation’s manufacturing sector remained solid during March, while construction spending was nearly unchanged in February. The latest reports show the nation’s overall economic health was stronger in the final quarter of last year than earlier indications.