Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

U.S. Factory Orders Up in March
May 6, 2003
 Printable format
 Email this Article
 Search
Orders to U.S. factories rebounded in March, but more forward-looking data on manufacturing are fairly bleak as the postwar economy shows no signs yet of a material revival.

The Commerce Department (reported Friday that factory orders rose 2.2 percent in March, an improvement over the 1.0-percent decline registered in February. The increase in March was larger than the 1.2-percent advance in orders economists were predicting and marked the biggest gain in eight months. However, on Thursday a key report showed that manufacturing failed to pick up in April, with activity falling for the second straight month. The Institute for Supply Management's manufacturing index fell to 45.4 last month, slipping from 46.2 in March. A reading below 50 means manufacturing activity is contracting; above 50 indicates industry is more busy or growing. The weakness displayed in the report was broadbased and troubled economists.

The manufacturing sector is the weakest link in the economy's ability to get back to full health. To cope with uneven customer demand, the sector has cut workers and has throttled back production, with plants operating well below capacity. In April alone, factories slashed 95,000 jobs, the Labor Department said Friday, in its broader report on the nation's employment situation for the month. Those factory job cuts were widespread, with notable declines in motor vehicles, fabricated metals, and electronics equipment.

In Friday's report, orders for computers went up 1.3 percent, a big improvement over February's 18.6 percent plunge. For household appliances, orders increased 3.1 percent in March, on top of a 3.4-percent rise. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Dec 17, 2014: Bosch names Kenny head of marketing

Dec 17, 2014: Multifamily Production Index off its peak, but still positive

Dec 17, 2014: AHRI launches two new certification programs

Dec 16, 2014: Ar├želik awarded for fridge with integrated ice-cream bowl

Dec 16, 2014: Report: appliance segment at the top of 2014 reshoring list

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows