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Items Tagged with 'manufacturing investment'
"Happy Days Are Here Again” was a popular song back in the 1930s. Assemblers in many industries have been singing an updated version of the tune lately, because the new golden age of American manufacturing has begun.
WASHINGTON—The Obama administration has named 12 regions of the U,S. that will receive special attention under a new federal program designed to help make them more attractive to manufacturing companies.
WASHINGTON—U.S. sales of machine tools totaled $437.79 million in November, an increase of 0.6 percent from October and up 20.7 percent compared with November 2012.
CHARLOTTE, NC—Touting a rebound in manufacturing jobs, President Obama announced a public-private partnership to expand that momentum. He unveiled a manufacturing innovation institute in North Carolina, the first of three similar hubs he proposed in last year’s State of the Union address.
Economic activity in the manufacturing sector expanded in October for the fifth consecutive month, and the overall economy grew for the 53rd consecutive month, according to the latest data from the Institute for Supply Management.
NEW YORK—A new exchange-traded fund focusing on robotics and automation companies was launched on the NASDAQ Thursday. The ROBO-STOX Global Robotics and Automation Index ETF (Ticker Symbol: ROBO) closed at $24.94 per share.
Slowly but surely, the economy is recovering from the Great Recession.
WASHINGTON—For 2013 as a whole, manufacturing production should increase 3.1 percent from 2012, according to the Manufacturing Alliance for Productivity and Innovation. Manufacturing is predicted to grow 3.6 percent in 2014, 0.8 percentage points faster than the overall economy.
TALLAHASSEE, FL—Florida Gov. Rick Scott has proposed eliminating sales tax on manufacturing machinery.
WASHINGTON—Orders for the factory goods that signal business investment plans jumped last month by the most in more than a year, suggesting companies are confident about their business prospects. Orders for so-called core capital goods, which include industrial machinery, construction equipment and computers, rose 6.3 percent in January from December.