11172018Sat
Last updateThu, 15 Nov 2018 4pm

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Manufacturing Probably Shrank as U.S. Slump Hit 70-Year Record

U.S. manufacturing probably shrank further in March, a report may show today as the recession enters its 17th month and becomes the longest since the 1930s.

The Institute for Supply Management’s factory index was at 36 last month, compared with 35.8 in February, according to the median of 74 estimates in a Bloomberg News survey.

Source: Bloomberg

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2009 Global R&D Outlook

In recent years, global effects have slowed R&D growth. Nonetheless, a number of signs point to increased spending in the R&D field for the coming year.

In its World Economic Outlook, published in October 2008, the International Monetary Fund stated that the quickly decelerating world economy would affect global research and development (R&D), with some global R&D growth absorbed by the inflation rate for a net result of flat R&D spending.

Source: Industrial Market Trends

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Union Bill's Declining Chances Give Rise to Alternatives

The Employee Free Choice Act, also called "card check," was dealt two blows last week. Whole Foods, Costco and Starbucks proposed a "third way" to reform labor laws that threatened to draw away conservative Democrats from card check. More damaging was the announcement by Sen. Arlen Specter (R-Pa.) that he would reverse his support for the bill.

Source: Washington Post

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Loss in Manufacturing Jobs Adds to Unemployment Rates

Although the majority of job losses are concentrated in the manufacturing industry, and in the states that rely heavily on these industries, the city with the largest increase in unemployment is New York City. Possibly, the disastrous financial sector has something to do with this.

Source: Economy Examiner

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U.S. Feb. Durable Goods Orders Up 3.4%, Surprising Analysts

Orders for U.S.-made durable goods rose in February, rising 3.4% on weaker demand for machinery and defense goods, the Commerce Department reported Wednesday. This is the first increase after six monthly declines and the biggest gain since December 2007.

Source: MarketWatch

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