Manufacturing sector contracts in December: ISM
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U.S. factory activity contracted in December to its weakest since April 2003, according to an industry report released on Wednesday.
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WASHINGTON -- U.S. factories saw demand for their products rise in December by the largest amount in five months, a spot of welcome news that failed to change the picture of an economy struggling to stay afloat.
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Orders placed with factories rose 2.3 percent in December, an increase from the 1.7 percent gain in November and  the biggest rise since July.
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Stock index futures added to gains on Tuesday as government data showed a stronger-than-expected rise in orders for durable goods in December, helping the outlook for business spending.
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Three more manufacturers are cutting costs in anticipation of lower production this year.
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Ending a streak of 10 consecutive months of growth, the U.S. manufacturing economy unexpectedly contracted in December, a private research group said.
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The Green Fab Challenge, a practical workshop exploring the economic, social, and ecological benefits of environmentally friendly semiconductor factories, will rank among highlights of the 3rd ISMI Symposium on Manufacturing Effectiveness Oct. 9-11 at the Hilton Austin Airport.
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U.S. manufacturing unexpectedly  contracted in January to its slowest pace since April 2003 as  new orders, inventories and production fell, according to a  survey published on Thursday.
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The pace of growth at U.S. factories picked up in December, boosted by an increase in new orders and despite a decline in employment, a report showed on Monday.
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The service sector of the U.S. economy saw activity grow in December, amid continued advances for employment and increasing prices, a report from a private research group said Wednesday.
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Orders to factories for big-ticket manufactured goods jumped an unexpected 5.2 percent in December.
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New orders at U.S. factories rose a less-than-expected 2.3 percent in December, the steepest gain since July, on strong aircraft sales, a government report showed on Monday.
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Manufacturing activity expanded for the 19th consecutive month in December, a research group reported Monday, suggesting that the industrial sector entered the new year with solid strength behind it.
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Japanâs factory output in December rose more than expected, to a record, fueled by higher overseas demand for automobiles and machinery. Industrial production climbed a seasonally adjusted 0.7 percent, the Ministry of Economy, Trade and Industry said in Tokyo. In the labor market, Japanâs seasonally adjusted unemployment rate rose to 4.1 in December, slightly more than the 4.0 percent that was expected. In a sign of an improving employment market, the jobs-to-applicant ratio was 1.08 in December, meaning 108 jobs were available per 100 applicants.
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The pace of job losses in mortgage lending slowed in December, as some companies shifted workers to other areas of financial services, but the losses may pick up again in the new year as the U.S. housing market continues to weaken and credit remains tight.
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The pace of growth at U.S. factories  picked up in December, boosted by an increase in new orders and  despite a decline in employment, a report showed on Monday.
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The U.S. manufacturing economy unexpectedly contracted in December, ending a streak of 10 consecutive months of growth and sinking to its lowest point in almost five years, a private research group said Wednesday. The decline suggests that the overall economy may be weakening faster than some economists predicted.