Growth in industrial production eased in October, as durable goods orders unexpectedly fell 3.3%.
It was the largest decline in orders since January 2009.
Continue reading Orders for Durable Goods Tumble as Bu…
Manufacturing activity in the mid-Atlantic region unexpectedly surged in November. The Philly Fed’s Business Outlook Survey index jumped to 22.5 in November from 1 in October, its highest reading since December 2009.
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The nation’s factories continue to show signs that they will support economic growth in the immediate quarters ahead, as manufacturing output rose 0.5% in October — the sector’s biggest gain in three months — the Federal Reserve announced Tuesday.
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The Empire State Manufacturing Index, which provides a snapshot of a key U.S. economic region, jolted investors Monday. It took a surprising plunge to a minus 11.14 reading in November — the index’s first negative measure sinc…
Siemens AG (SI) upped its dividend for the first time in four years as it aims for strong growth in emerging markets.
The German engineering company is proposing to pay out 2.7 euros per share, after three years of holding dividends at 1.6 euros per …