factory orders

Service Sector Expansion Stays on Track

According to the Institute for Supply Management, service sector businesses grew for the fifth straight month in May, and for the first time since early 2008, added more jobs than they shed. Meanwhile, manufacturing's upswing continues as well.

Factory Orders Rose in March as Industrial Sector Gains Strength

More evidence that the U.S. manufacturing sector continues to mend, as factory orders unexpectedly rose 1.3% in March, the U.S. Commerce Department said. Equally significant, the non-transportation component surged 3.1%, which suggests the nation%u2019s core industrial segment continues to strengthen.

Factory Orders Rise Again in February

Factory orders in February continued their upward trend, in part driven by shipments of chemical products, according to the U.S. Commerce Department survey released Wednesday. New orders rose 0.6% to $383.5 billion, marking that statistic's eleventh consecutive month of gains.

U.S. Manufacturing Shows Strength

The U.S. got more good news on Tuesday regarding its manufacturing sector. The U.S. Commerce Department reported that its factory orders index rose 1.1% in November -- the seventh increase in eight months. A Bloomberg News economists survey had expected November factory orders to increase 0.4%, after an 0.8% rise in October and a 1.6% jump in September.