Manufacturing weakest in nearly 5 years
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Factory production shrank in December for the first time in nearly a year, sparking fears the economy may be headed for recession.
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The U.S. manufacturing sector will grow at a slower pace over the next two years than it did in 2006, according to a new report, as new clean-air rules for diesel engines, and continued weakness in the housing and auto industries, weigh on key industrial end markets.
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Construction spending edged up slightly in November as a continued steep slump in housing was offset by record spending on government and business projects. But a key gauge of manufacturing activity fell in December to the lowest point in almost five years.
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The Federal Reserve Bank of Philadelphia&#39;s index of regional manufacturing fell to 13.4 this month from 28.5 in August. The reading is lower than the median forecast of 25 in a Bloomberg News survey of 56 economists.
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Weak housing market hurting demand for power tools.
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Orders for long-lasting U.S.-made goods unexpectedly slipped 0.4 percent in October, hinting at manufacturing softness, but new claims for jobless aid shrank last week, government reports showed on Wednesday.
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Hopes for a bullish start to the year for stocks faded after a key measure of manufacturing activity unexpectedly fell in December to its lowest level since 2003.
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U.S. manufacturing growth eased in September to its slowest in more than a year, but home sales and construction figures suggested a less abrupt decline in the housing sector than many experts had foreseen.
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U.S. factory orders suffered the steepest drop in six years last month and an index of homes sales fell, according to data on Tuesday highlighting weak spots in the economy that could derail its recovery.
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Worries about the credit crunch led to slower growth in UK manufacturing last month, industry figures show.
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Factory activity in the U.S. Mid-Atlantic region slumped in September to its lowest level in more than a year, a survey showed on Thursday, spurring fears the economy's summer soft patch could extend into the fall.
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New orders at U.S. factories fell by  a smaller-than-expected 0.6 percent in July, lead by sharp  declines in orders for transportation and defense goods.
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New orders at U.S. factories fell by   a smaller-than-expected 0.6 percent in July, lead by sharp   declines in orders for transportation and defense goods.
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LONDON : Britain&#39;s manufacturing industries experienced an unexpected drop in output in August, the first time since January 2002 that output has fallen for three months in a row.
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The weakest holiday shopping season in five years ended dismally for most retailers, stoking fears that the economy is tipping into a recession.
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The Sleep Number Bed maker weakens in its latest quarter.
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US manufacturing growth slowed more than expected in September - its sharpest drop in over a year - official figures show.