WASHINGTON—The U.S. economy is expected to expand 3.1 percent in 2015, according to the National Association for Business Economics. It would be the first year of 3 percent growth since 2005.
WASHINGTON—U.S. manufacturing output in November surpassed its pre-recession peak, as automotive production kicked into a higher gear. The Federal Reserve said that factory production rose 1.1 percent last month, up from a 0.4 percent improvement in October. Manufacturing output has risen 4.8 percent over the past 12 months. It’s now above the previous high set just before the downturn began in December 2007.
WASHINGTON—The National Association for Business Economics (NABE) predicts that the U.S. gross domestic product will grow 3.1 percent in 2015—up from a 2.2 percent expansion this year. The NABE also predicts that the jobless rate will come down to 5.4 percent by the end of next year.
WASHINGTON—Spending on construction or renovation of factories is up 12 percent in 2014, compared to being virtually flat in 2013, according to Census Bureau figures.
WASHINGTON—U.S. manufacturing activity hit a nearly 3.5-year high last month and construction spending rebounded strongly in July, signs the economy entered the third quarter on strong footing.
WASHINGTON—New factory orders have risen in four of the past six months, up 1.1 percent in June. Since January, new orders for manufactured goods have increased 4.6 percent.
WASHINGTON—U.S. manufacturing expanded for the 14th straight month in July. The Institute for Supply Management, a trade group of purchasing managers, reports that its manufacturing index rose to 57.1, up from 55.3 in June. Anything above 50 signals that manufacturing is growing.
WASHINGTON—U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture. The modest gain underscored manufacturing’s role in helping return the economy to growth after a grim first quarter.