04192019Fri
Last updateFri, 19 Apr 2019 3pm

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China Recovery Quickens as Production, Lending Climb

China’s industrial production rose more than forecast in August, lending unexpectedly climbed and retail sales advanced, indicating growth in the world’s third- biggest economy is likely to accelerate.

 

Output at the nation’s factories gained 12.3 percent from a year earlier, the most since August 2008, the statistics bureau said in Beijing today.

 

Source: Bloomberg

 

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In Wisconsin, Hopeful Signs for Factories

At the Rockwell Automation factory here, something encouraging happened recently that might be a portent of national economic recovery: managers reinstated a shift, hiring a dozen workers.

 

After months of layoffs, diminished production and anxiety about the depths of the Great Recession, the company — a bellwether because most of its customers are manufacturers themselves — saw enough new orders to justify adding people.

 

Source: New York Times

 

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Long Term Economic and Construction Forecast is Fuzzy Beyond 2010

The Reed Construction Data forecast through 2010 is the near the consensus as we perceive it. For the economy, there will be burst of growth in the summer overflowing partially into the fall from recent federal pump priming and the resumption of expansion in the housing and manufacturing markets.  This will be followed by continuing but more sluggish growth next year.

 

Source: Reed Construction Data

 

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Federal Support for U.S. Manufacturing Strategy Urged

A group of manufacturing organizations led by Rockwell Automation today called on the federal government to dramatically increase funding for research and development, help develop a plan for green manufacturing, and enact changes in tax law to encourage automation and modernization of U.S. factories.

 

In addition to Rockwell, the group consisted of the Manufacturing Institute, a unit of the National Association of Manufacturers; the National Electrical Manufacturers Association; the Manufacturers Alliance/MAPI; and the American Council for an Energy-Efficient Economy.

 

Source: Managing Automation

 

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Manufacturing Coming Around, But At a Slow Pace: Study

The U.S. manufacturing sector may finally be on the mend after its worst performance since the Great Depression, but the recovery looks to be relatively sluggish, according to a study released Wednesday.

 

"Unfortunately there are no quick fixes, but time, the normal inventory cycle, and the repair of financial institutions have lessened the economic slide to a point where signs of stabilization have appeared," said Daniel Meckstroth, chief economist for the Manufacturers Alliance/MAPI and author of the report.

 

Source: MarketWatch

 

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