industry

U.S. Factories Keep Humming: Orders Rose 2.1% in September

Investors got more evidence today that the manufacturing sector expansion continued into late summer/early fall. The key ex-transportation component also came in higher, at 0.4%. And the ex-defense number rose 1.9%. A solid month overall.

China, India Report Manufacturing Growth

Manufacturing output jumped in China and India in October, breaking with the rest of Asia. China%u2019s official Purchasing Managers Index gained to 54.7 in October, from 53.8 a month earlier, The Wall Street Journal said. A reading above 50 signals expansion and a reading under 50 means output contracted.

The Most Profitable Industries for the Next Three Years

IBISWorld Research has uncovered five industries that managed to stay extremely profitable during 2010 -- and these industries are their picks to be the most for the next three years. Investors, too, could boost their profits by focusing on them.

Factory Orders Rise, but Not as Much as Expected

Factory orders rose just 0.1% in July, the U.S. Commerce Department announced Thursday in a report that further clarified that the manufacturing sector's expansion slowed down this summer. While the statistic did indicate tepid growth, it was less than the 0.3% gain economists had predicted.

U.S. Factories
Kept Humming
in August

Retail and housing are lingering concerns, but the nation's factory sector isn't ready to concede economic defeat yet. The Institute for Supply Management's manufacturing index unexpectedly rose 1.8 points in August to 56.3.

Durable Goods Orders See Weak Gain in July

The less-than-expected durable good orders gain in July is more evidence that economic growth slowed in summer. This will likely increase pressure on the Fed for action to jump-start a U.S. economy that's operating well below potential.

Survey: Recovery Continues, but at Slower Pace

With so much talk about the possibility that the nation is slipping into a double-dip recession, a new economic survey by the National Association of Business Economics shows the U.S. recovery continued through the second quarter, although at a slower pace than earlier in the year.

Ten Industries With the Strongest Growth Prospects

Topping IBISWorld's list is the investment banking industry, with automaking next (but a distant second). Not too surprising, four of the top 10 are oil-related. The most unlikely industry: Recreational vehicle dealers.

Top Court Ruling Could Spell Danger for American Industry

In January 2010, the Supreme Court gave corporations unlimited power to spend money on political campaigns, effectively swaying politicians in their favor. But by doing this, Washington could become less inclined to side with consumers and more inclined to rule in favor of the companies that they are supposed to regulate. The result could be ominous.

Rethinking "good jobs" for Americans

Another round of layoffs in the auto industry should get us thinking about the future of jobs in America. Ford Motor Company just announced that...