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Factory Orders

BUSINESS
By BLOOMBERG NEWS | May 29, 1997
WASHINGTON -- Factory orders for big-ticket goods rebounded in April, another sign that the U.S. economy is poised for more growth in the months ahead.Autos and military aircraft led April's 1.4 percent increase in orders for durable goods, expensive items expected to last three years or more, Commerce Department figures yesterday showed. Orders for industrial machinery and primary metals also rose, while those for civilian aircraft and electronic equipment declined."Consumer sentiment is at record levels, indicating continued support for consumer spending in the months ahead," said Chris Simpson, general manager for home appliances at Whirlpool Corp.
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BUSINESS
By BLOOMBERG NEWS | November 6, 2003
WASHINGTON - U.S. service industries expanded at a faster rate last month, and September factory orders rose for a fourth time in five months amid signs that the economy is adding jobs at a quicker pace. The Institute for Supply Management's index of nonfactory businesses climbed to 64.7, the second-highest level on record, from 63.3 in September. Readings higher than 50 indicate growth. Orders at U.S. factories rose 0.5 percent in September, the Commerce Department said. A gauge of employment in the service index rose to the highest level since November 2000, prompting economists at UBS Securities LLC to more than double their estimate for October's employment report, to a gain of 125,000 jobs.
BUSINESS
By BLOOMBERG NEWS | February 28, 1997
WASHINGTON -- Orders to U.S. factories for big-ticket goods rebounded in January, and analysts said that increases the chance the Federal Reserve may boost interest rates to cool an economy that shows signs of picking up speed.Electronics and electrical equipment, down the previous two months, led last month's stronger-than-expected 3.6 percent increase in factory orders -- the first overall gain in three months. Orders also advanced for primary metals, motor vehicles and parts and aircraft, the Commerce Department said yesterday.
BUSINESS
By BLOOMBERG NEWS | January 4, 2005
NEW YORK - U.S. manufacturing grew at a quicker pace in December as more factories reported a rise in orders and exports, a sign the economy strengthened heading into 2005. The Institute for Supply Management said yesterday that its purchasing managers index of factory orders rose to 58.6, from 57.8 in November, reaching the highest point since August. The gauge has shown expansion - marked by readings greater than 50 - since June 2003. For the year, the factory orders index averaged 60.5 - the highest yearly average since 65.9 in 1973.
BUSINESS
By BLOOMBERG NEWS | July 4, 2002
WASHINGTON -- The U.S. economy showed several signs yesterday that it is recovering. Services such as retailing and banking, the biggest contributor to gross domestic product, expanded for a fifth month in June; factory orders rose for a third month in May; and claims for unemployment benefits declined last week to the lowest level since the recession began in March 2001. "In manufacturing and call centers, we've seen excellent growth," said Jamie Parker, a senior vice president at Adecco SA in Rochester, N.Y. The Swiss company is the world's largest temporary-employment agency.
BUSINESS
By BLOOMBERG NEWS | March 25, 1999
WASHINGTON -- Factory orders for big-ticket goods posted the largest decline in more than seven years in February, the government reported yesterday, a sign that an anticipated recovery in U.S. manufacturing could be a few months away."
BUSINESS
By James P. Miller and James P. Miller,CHICAGO TRIBUNE | July 6, 2005
U.S. manufacturers saw a hefty 2.9 percent increase in orders in May, but the jump, rather than signaling a broad improvement for the industrial sector, primarily reflected a surge in Boeing Co.'s often volatile commercial jet sales. The Commerce Department reported yesterday that factory orders rose to $394.13 billion in May from $383 billion in April, the strongest month-over-month increase in 14 months. Despite the May increase, however, "signals are still mixed for manufacturing," said Marisa DiNatale, an economist with the consulting firm Economy.
BUSINESS
By Ted Shelsby | April 4, 1999
U.S. FACTORY orders dropped 2.5 percent in February. It was the sharpest decline in nearly four years and the latest sign that recovery in the manufacturing sector continues to be sluggish.What is the outlook for U.S. factory orders? Will the decline hurt the U.S. economy in the future?Anirban BasuSenior economist, Regional Economic Studies Institute, Towson UniversityThere are two interesting aspects of this fairly steep decline in factory orders.One, the decline was not as steep as anticipated by most Wall Street analysts who had predicted a 2.7 percent drop.
BUSINESS
April 1, 1993
The Commerce Department said its Index of Leading Economic Indicators rose 0.5 percent in February, the fifth advance in six months. Coupled with a report of a 1.4 percent rise in factory orders, the increase provides more evidence that the third year of a slow but sustainable recovery is under way. Article, Page 12D.
BUSINESS
March 30, 2002
Economic indicators Monday: February construction spending Tuesday: February factory orders Thursday: Weekly jobless claims Friday: March unemployment Wednesday Executives Association of Baltimore luncheon meeting, noon, Cross Keys Inn, 5100 Falls Road, Roland Park. Nonmember cost is $20. For reservations, call Bob Hodges at 410-465-8029.
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