WASHINGTON—New orders for big-ticket U.S.-manufactured goods rose 4.2 percent in June, led by demand for aircraft. Orders for durable goods rose to $244.5 billion, an increase of $9.9 billion from May, the Commerce Department said. Analysts had predicted a much smaller 1.8 percent increase on average.
NEW YORK—The domestic economic outlook among U.S. manufacturers is at its highest level in five quarters, according to the PWC Manufacturing Barometer survey. The majority of manufacturing executives surveyed expect revenue growth in 2013.
VERONA, MS—Refrigeration equipment manufacturer Tecumseh Products Co. is planning a multimillion dollar project to expand its assembly plant here so that it can reshore production from Brazil and France. The company plans to hire up to 150 employees over the next five years.
LONDON—A closely watched survey has raised hopes that the laggard of the global economy—the 17-country eurozone—may be growing again. Financial information company Markit said Wednesday that its monthly purchasing managers’ index for the eurozone rose for the fourth month running.
ROANOKE, IN—GM has added more than 400 hourly and salaried workers at its assembly plant here to help with production of the company’s revamped full-size trucks.
SEOUL, South Korea—Hyundai Motor Co. has filed a police complaint against 13 labor activists it says led a violent clash at its biggest assembly plant that caused $2 million in damage and left approximately 100 people injured.
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