02232020Sun
Last updateFri, 21 Feb 2020 3pm

Index of Leading Indicators Improves for First the Time in Five Months

The composite index of leading indicators increased 0.3% in September, to 100.6, the first increase in five months, according to preliminary estimates by the Conference Board.

But the leading index for August was revised sharply lower to show a drop of 0.9%, instead of the 0.5% first reported. Over the six months ended in September, the index has fallen 1.3%.

Source: Wall Street Journal

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Group Blames Trade Deals for Lost Jobs

The United States must fix its trade problems, particularly unfair trade with China, which has cost the nation more than 3.5 million manufacturing jobs this decade including more than 200,000 factory jobs in Pennsylvania, a panel of labor and manufacturing leaders said Monday in Greensburg, PA.

The meeting, sponsored by the Alliance for American Manufacturing, highlights the need for a manufacturing policy like the nation's competitors', and a trade policy that is enforced, said Scott Paul, executive director of the alliance.

Source: Pittsburgh Tribune-Review

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U.S. Wholesale Prices Drop 0.4%

Amid sliding oil prices U.S. wholesale prices fell 0.4% in September, but core inflation -- excluding food and energy -- rose 0.4%, Labor Department data showed on Oct. 15.

The producer price index (PPI) showed its second consecutive monthly decline since the start of the year, after a 0.9% drop in August.

Source: Industry Week

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Small and Mid-sized Manufacturers: Flexible and Focused

The behemoth 1950s-era hydraulic press and the grease-infused air that permeates inside Quality Float Works Inc.'s cramped machine shop hearken back to a different age of U.S. manufacturing. It was a time when craftsmanship and innovation were demanded as much as price and volume.

Source: Industry Week

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Credit Crisis Casts Gloom Over China's Exporters Ahead of Biggest Export Fair

As they prepare for China's biggest export fair this week, managers at Shunde Xiongfeng Electric Industrial Co. are anxious.

Sales of electric fans are down this year, and the financial crisis will likely further cut demand from overseas. The 5,000-employee company in the southern city of Shunde, near Hong Kong, sold 6 million electric fans abroad last year.

Source: Associated Press

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