A measure of the U.S. economy's health rose in February by the largest amount in three months, suggesting growth should rebound following a severe winter.
The Federal Reserve says factory production surged 0.8 percent, nearly reversing a 0.9 percent plunge in January that was due mainly to weather. February's gain was the largest in six months.
January U.S. cutting tool consumption totaled $158 million, up 14.5 percent from December’s total and down 10.6 percent from January 2013.
Manufacturing activity in the Southeast increased in February, driven by strong improvements in all areas except employment, according to the Southeast’s Purchasing Managers Index (PMI) report released today.
U.S. hiring improved in February from the previous two months despite a blast of wintry weather, likely renewing hopes that growth will accelerate this year.
Continued strong demand for the Ford Focus, the best-selling nameplate in China last year, helped Ford China increase sales by 67 percent in February, with 73,040 vehicles sold.
Orders to U.S. factories fell in January for a second straight month but a key category that signals business investment plans rebounded. That could be an indication that businesses are becoming more confident.
A private survey shows that U.S. companies added slightly more jobs in February than in the previous month, but harsh winter weather weighed on hiring for the third straight month.
Economic activity in the manufacturing sector expanded in February for the ninth consecutive month, and the overall economy grew for the 57th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
"The concept of a polar vortex doesn't feel good, but it's good for business," said Kane Calamari, a vice president at Ace Hardware Corp.
Oil prices jumped nearly $2 a barrel Monday as Russia's military advance into Ukraine raised fears of economic sanctions against one of the world's major energy producers.
As the spring thaw begins, automakers will see if the slowdown was due to historic cold temperatures and snowfall — as many believe — or if there are deeper reasons for sagging demand.
America's top three automakers said the month started slowly but sales began to recover in the second half, a sign that fears of a broader auto sales slowdown may be unfounded.
Like their peers in other sectors, industrial manufacturing CEOs are much less worried about the global economy than last year, although exchange rate volatility and energy costs are still big concerns.
China's manufacturing weakened in February and employers cut staff at the fastest rate in nearly five years, a survey showed Monday, adding to signs growth in the world's second-largest economy is cooling.
Nissan says its sales were up almost 16 percent to just over 115,000 despite repeated winter storms that struck much of the country. Chrysler sales rose 11 percent to nearly 155,000.
The U.S. economy grew at a 2.4 percent annual rate last quarter, sharply less than first thought, in part because consumers didn't spend as much as initially estimated. Severe winter weather is expected to further slow the economy in the current quarter.
The Labor Department says the four-week average was unchanged at 338,250. Applications are a rough proxy for layoffs. The average is not far above pre-recession levels, a sign companies are laying off few workers.
American businesses ordered fewer durable manufactured goods in January, cutting demand for planes, autos, and machines. But a key category that reflects business investment rebounded on the strength of demand for electronics and fabricated metals.
Europe's largest aerospace group, previously known as EADS, said it would increase production of its best-selling A320 jet family to 46 aircraft a month by the second quarter of 2016 from the current 42, echoing plans by rival Boeing to reach towards 47 a month.
Shares of Tesla Motors Inc. surged 16 percent Tuesday after a Wall Street analyst told investors that Tesla could shake up the electric utility sector as well as the auto industry.
Their motivation is clear: Europe's auto sales slumped last year to their lowest level since 1995, forcing French brands to join U.S. and European rivals in looking to China to drive revenues. But the timing is awkward.
Japan's trade deficit surged to a monthly record of 2.8 trillion yen ($27.4 billion) in January as imports jumped 25 percent, underscoring the challenge the country faces in restoring export-driven growth.
Longtime Coca-Cola Chief Financial Officer Gary Fayard will retire in May as the company ramps up its cost-cutting efforts. The world's largest drink maker is trying to keep up with shifting consumer tastes as volume declines in North America reached 1 percent in the most recent quarter.
An $800 million Honda plant opening Friday in the central state of Guanajuato will produce about 200,000 Fit hatchbacks a year, helping push total Mexican car exports to the U.S. to 1.7 million in 2014, roughly 200,000 more than Japan, consulting firm IHS Automotive says.