Factory gauge climbs to highest in over a year
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U.S. manufacturing grew a bit more  rapidly in May as factory managers restocked depleted  inventories, according to a survey published on Friday.
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Two big manufacturers said Thursday that they expected stronger growth next year despite the slowing economy.
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U.S. Mid-Atlantic factories kicked  production up a notch in December as orders for manufacturing  goods increased, a regional Federal Reserve bank said on  Thursday.
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ThyssenKrupp and Salzgitter, the largest steel makers in Germany, agreed to the highest wage increases for their workers in more than 10 years. Salaries for 85,000 workers at steel makers will increase 3.8 percent from the beginning of 2007, IG Metall, the steel workersÂ union, said. Wages last rose that much in 1995, when they increased 4 percent. IG Metall had been seeking a 7 percent wage increase for 12 months, while employers had offered 3 percent.
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US steelmakers&#39; shares rose sharply yesterday, with US Steel, Allegheny Technologies and Nucor (which operates a mill in Seattle) reaching their highest prices in at least seven years, after Nissan said the metal is in short supply in Japan.
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The family-run manufacturing plant has expanded its workforce by two thirds â and the order backlog is still triple that of last year.
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U.S. industrial output advanced in July, as American factories operated at their highest capacity in more than three years, a Federal Reserve report on Tuesday showed.
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Manufacturing growth accelerated in June to its fastest in over a year as the economy picked up momentum, according to a report published on Monday.
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Last month, wholesale prices posted their biggest increase in 14 years, the Labor Dept. reported on Nov. 16. The Producer Price Index, a gauge of prices received by farms, factories, and refineries, rose 1.7%, nearly twice as high as forecasted.
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Orders to factories for big-ticket manufactured goods jumped an unexpected 5.2 percent in December.
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South Koreaâs industrial output rose in April, helped by increased exports of chips and cars. Manufacturing production jumped 3.1 percent from March, the largest gain in seven months, the National Statistical Office said. Output rose 6.7 percent from a year earlier. Corporate investment in factories surged 15.6 percent in April from a year earlier, the biggest gain since September 2006, the report showed. The figures also showed an index of economic indicators climbed 5.1 percent in April from a year earlier after rising 4.9 percent in March.
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After a year full of events that might have tripped up the stock market, the main market gauges finished higher, thanks in part to a powerful postelection rally.
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UK manufacturing firms are enjoying their biggest rise in exports since 1995, a report says.
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Construction spending in August hit the highest level on record, fresh evidence that the housing market is helping move the economy ahead.
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WASHINGTON -- America's factories saw orders go up by a strong 1.2 percent in November, the biggest advance in four months and a sign the nation's manufacturing sector was gaining momentum as the new year loomed.
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The world's biggest steelmaker stacks up impressively against the competition.
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The German Ifo economic institute reported that its index of business confidence had risen sharply in December to the highest point since April.