November Machine Tool Demand Up
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Sales of U.S. machine tools in 2004  will be the highest in four years with consumption poised to  increase in 2005, two industry trade groups said in a report  released on Sunday.
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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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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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Applied Materials Inc. AMAT.O,  the largest producer of chip-making equipment, on Wednesday  said demand for advanced manufacturing tools pushed quarterly  profit and sales higher, but warned that chip oversupply would  lead to lower orders and sales in the current quarter.
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US jobless claims unexpectedly rose again last week in more worrying news for the labor market while prices for imported goods grew in November, government data showed on Thursday.
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New orders at U.S. factories rose 2.4 percent in December, higher than forecast, while inventories edged up, a government report showed on Friday.
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Construction spending edged up slightly in November as a continued steep slump in housing was offset by record spending on government and business projects. But a key gauge of manufacturing activity fell in December to the lowest point in almost five years.
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Growth in the U.S. services sector accelerated unexpectedly in November and third-quarter labor costs grew more slowly than forecast, suggesting the economy may be weathering a manufacturing slowdown with wage-driven inflation coming under control.
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Inventories at wholesalers rose more than forecast in November and sales increased, reflecting rising prices for oil and farm products.
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The price of goods imported into the United States in November rose 0.2%, slightly more than expected, a Labor Department report showed on Thursday, as increases in non-petroleum prices hit a 10-month high.
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Planned job cuts in the United States auto industry reached 151,457 this year through November.
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US orders for factory goods saw their biggest jump in four months in November, government data shows.
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Company ramps up to increase production as demand for new handheld exceeds expectations.
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Japanâs machinery orders rose in January, the most in five months, signaling that capital spending will keep fueling the economy. Nongovernment machinery orders, excluding shipping and utilities, rose a seasonally adjusted 3.9 percent, to 1.09 trillion yen ($9.4 billion), from December, when they fell 0.7 percent, according to a Cabinet Office report.
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Planned U.S. layoffs rose 11 percent  in November from the previous month, led by a heavy round of  job cuts in the automotive industry, an independent report  showed on Tuesday.
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The equipment manufacturer may have hit its peak.
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Demand is expected to result in higher salaries, more career advancement and flexible work environments.