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Tag Archives: institute for supply management

Manufacturing up, but construction spending down

WASHINGTON — U.S. factories stepped up hiring and production in March, the latest evidence that manufacturing is growing at a healthy pace and fueling the recovery. But a separate report on construction spending showed that building activity declined in February ...

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U.S. service firms grow at fastest pace in a year

WASHINGTON — U.S. service companies expanded in February at the fastest pace in a year, helped by a rise in new orders and job growth. The Institute for Supply Management said Monday that its index of non-manufacturing activity rose to ...

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U.S. service firms expanded in Nov. at slower pace

WASHINGTON — Service companies, which employ 90 percent of the U.S. work force, expanded at a slower pace in November and a measure of employment at those firms fell. Separately, the government said orders to U.S. factories dropped for the ...

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Economy improving but job growth still weak

WASHINGTON— Factories are producing more. Construction is growing. People are buying more cars. The holiday shopping season is off to a strong start. Normally, all that would suggest a bright outlook for the economy. Problem is, employers still aren’t hiring ...

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Manufacturing expanded last month at faster pace

WASHINGTON — U.S. factories grew last month at the fastest pace since June, helped by a jump in new orders and production. The Institute for Supply Management, a trade group of purchasing managers, said Thursday that its manufacturing index rose ...

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U.S. factory output rose strongly in October

WASHINGTON — U.S. industrial production rose in October at the fastest rate in three months. Factories made more trucks, electronics and business equipment, a sign that manufacturing is recovering after slowing this spring. Output at the nation’s factories, utilities and ...

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Manufacturing growth slowed slightly in October

WASHINGTON — U.S. manufacturing grew more slowly in October, hampered by weaker demand for exports and slower production at factories. But companies ordered more goods, factories slashed their stockpiles and auto sales rose. Those trends suggest manufacturing activity could rebound ...

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More people sought unemployment aid last week

WASHINGTON — The number of Americans who applied for unemployment benefits rose slightly last week, a sign that the job market remains weak. Weekly applications increased by 6,000 to a seasonally adjusted 401,000, the Labor Department said Thursday. The modest ...

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U.S. economy continues to grow modestly

WASHINGTON — The nation’s economy is managing to grow modestly, reports Monday showed, despite high U.S. unemployment and growing alarm about Europe’s debt crisis. Manufacturing expanded in September more than in August, though the pace of growth remains weak, according ...

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