09202018Thu
Last updateThu, 20 Sep 2018 3pm

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Manufacturing Data Now Trending Toward Recovery

The Institute for Supply Management released its manufacturing report on business Monday and there are now bright spots for two months in a row. You'll remember that the report measures, indexes, and correlates manufacturing activities with other measurement readings from the government and elsewhere.

Source: The Motley Fool

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Michigan Makes Illegal Scrap Metal Transactions a Felony

Michigan Gov. Jennifer M. Granholm has signed legislation that will help stop illegal sales and purchases of copper and other stolen metals. Global economic growth has resulted in frequent and significant increases in the price of commodities such as copper, zinc, and nickel, making this type of scrap metal very valuable.

Source: Water & Wastewater News

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China's Contraction Again Slows

China's manufacturing sector continued to shrink in February for the seventh consecutive month, but the pace of contraction slowed.

The CLSA China Purchasing Managers Index, produced by U.K.-based research firm Markit Group Ltd., came in at 45.1 in February, compared with 42.2 in January. The index registered a record low of 40.9 in November. A PMI reading below 50 indicates contraction.

Source: Wall Street Journal

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Baucus Calls for Quick Action on Kirk Nomination

Senator Max Baucus (D-MT) issued a statement today expressing his support for the nomination of Mayor Ronald Kirk to be United States Trade Representative. Baucus's statement followed the release of a Finance Committee report regarding issues discovered during the panel's vetting of the nominee.

Source: Senate Finance Committee

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Spending Rises, but Other Data Still Subdued

Consumer spending rose in January after falling for a record six straight months, pushed higher by purchases of food and other nondurable items. But the increase is expected to be fleeting given all the problems facing the economy.

A batch of fresh reports Monday showed little signs of an economic rebound, with nonresidential construction spending falling to its lowest level in more than a decade and manufacturing activity contracting for a 13th straight month.

Source: Associated Press

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