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Daily industrial news and top headlines for plant and maintenance managers

Cheaper Gas, Food Push Down Producer Prices

June 13, 2014 1:42 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The prices U.S. companies receive for their goods and services fell in May, offering evidence that inflation is mild.                                      

U.S. Businesses Boost Stockpiles in April

June 12, 2014 1:36 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. businesses increased their stockpiles in April by the largest amount in six months, signaling business optimism that future demand will keep rising.                            

Businesses Ramp Up Job Searches in April

June 10, 2014 1:42 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. companies advertised more jobs in April than in any month in six and a half years, a possible harbinger of strong hiring in the months ahead.                              

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MAPI Economic Forecast: Investment Spending Will Drive Growth

June 9, 2014 2:25 pm | by The Manufacturers Alliance for Productivity and Innovation (MAPI)Manufacturing production continues to outpace overall economic growth and will be led more by investment than by consumer-driven advances over the next 18 months, according to a new report. | News | Comments

The Manufacturers Alliance for Productivity and Innovation (MAPI) Quarterly Economic Forecast predicts that inflation-adjusted gross domestic product will expand 2.5 percent in 2014 and 3.2 percent in 2015. The former is a decrease from 2.8 percent and the latter equal to the 3.2 percent from MAPI’s March 2014 report.

Manufacturing Technology Orders Up

June 9, 2014 2:04 pm | by The Association for Manufacturing Technology | News | Comments

April U.S. manufacturing technology orders totaled $391.53 million according to The Association For Manufacturing Technology (AMT).                                   

Chinese Exports Rise, Imports Slip

June 9, 2014 1:41 pm | by The Associated Press | News | Comments

China says its export growth accelerated in May but imports dipped in a mixed sign for the world's second-biggest economy.                                      

Survey: Growth To Pick Up, Hiring To Remain Steady

June 9, 2014 9:18 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. economic growth should accelerate in the second quarter and remain healthy for the rest of this year, according to a forecast by a group of U.S. business economists.                       

Profits Are Up: And So Are Corporate Income Taxes

June 6, 2014 2:00 pm | by PwC US | News | Comments

Average effective tax rates (ETR) over the past three years have continued to edge upward for industrial products and automotive sectors, reflecting a modest rebound in the global business climate that is leading to increased profits at many companies. 

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Walmart Facing Big Hurdles

June 5, 2014 9:37 am | by Anne D'Innocenzio, AP Retail Writer | News | Comments

Revenue at established Walmart stores in the U.S., which accounts for 60 percent of the company's total sales, has declined for five consecutive quarters.                             

Productivity Falls in 1Q

June 4, 2014 1:09 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. productivity fell even more than previously thought in the January-March period while labor costs rose at a faster pace.                                    

U.S. Trade Deficit at 2-Year High

June 4, 2014 1:07 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. trade deficit jumped to a two-year high in April, as sales of exports declined and imports surged to a record high.                                    

Factory Orders Up for Third Month

June 3, 2014 1:34 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Orders to U.S. factories rose for a third consecutive month in April, pushed higher by a surge in demand for military hardware. But a key category that signals business investment plans fell.                  

China Manufacturing Continues To Grow

June 2, 2014 1:59 pm | by The Associated Press | News | Comments

Chinese manufacturing grew for the third consecutive month in May, suggesting a slowdown in the world's second-largest economy is stabilizing, a state-sanctioned industry group said Sunday.                 

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U.S. Economy Shrinks at 1 Percent Rate in 1Q

May 29, 2014 1:31 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy was battered even more than first suspected by the harsh winter, actually shrinking from January through March.                                    

Applications for Jobless Aid Near 7-Year Low

May 29, 2014 9:55 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The number of Americans seeking unemployment benefits fell last week to nearly the lowest level in seven years, a sign hiring may be picking up.                               

Consumer Confidence Moves Up in May

May 28, 2014 1:57 pm | by The Associated Press | News | Comments

U.S. consumers were slightly more confident in the economy in May than in April, partly because of strengthening optimism about future hiring and income gains.                          

Median CEO Pay for Large Companies Crosses $10M in 2013

May 27, 2014 1:46 pm | by Ken Sweet, AP Business Writer | News | Comments

The median pay package for a CEO rose above eight figures for the first time last year. The head of a typical large public company earned a record $10.5 million, an increase of 8.8 percent from 2012.                

Durable Goods Orders up in April

May 27, 2014 9:33 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Orders to U.S. factories for long-lasting manufactured goods advanced for a third month in April, but much of the strength came from a big surge in demand for military aircraft.                       

Gauge of U.S. Economy Rises in April

May 22, 2014 11:55 am | by Martin Crutsinger, AP Economics Writer | News | Comments

A gauge designed to predict the economy's future health posted a solid gain in April, further evidence of stronger growth after a severe winter dampened activity.                          

Chinese Manufacturing Rebounds to 5-Month High

May 22, 2014 9:23 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing contraction eased in May, suggesting the slowdown in the world's second biggest economy is stabilizing.                                    

Unemployment Rates Fall in Nearly All U.S. States

May 16, 2014 1:51 pm | by The Associated Press | News | Comments

Unemployment rates fell in nearly all U.S. states last month, and half the states now have rates below 6 percent. The figures are a sign of widespread, if slow, improvement in the nation's job market.               

Fallout From Russian Sanctions Hits U.S. Companies

May 16, 2014 1:36 pm | by USA Today | Videos | Comments

The economic sanctions levied against Russia for its involvement in Ukraine has taken a bite out of the profits of some U.S. companies that do business in Russia.                         

Mich. Senate Votes to Raise Minimum Wage

May 16, 2014 1:32 pm | by Emma Fidel, Associated Press | News | Comments

The Michigan Senate approved raising the state's minimum wage to $9.20 an hour from $7.40 in a compromise that some supporters hope will pre-empt a ballot drive to raise it to $10.10.                    

Fewest Americans in 7 Years Seek Unemployment Benefits

May 15, 2014 2:28 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The number of people seeking U.S. unemployment benefits fell to the lowest level in seven years last week, a sign the job market is steadily improving.                              

U.S. Factory Output Retreats in April

May 15, 2014 2:17 pm | by Paul Wiseman, AP Economics Writer | News | Comments

U.S. factory output took a breather in April after two months of strong growth, as manufacturers produced less furniture, machinery and plastics.                               

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