BEA Reports Third Quarter GDP Increased According to the “third” and final estimate of third quarter GDP by the Bureau of Economic Analysis (BEA), the value of goods and services produced by the nation’s economy, less the value of goods and services used up in production, adjusted for price changes, the third quarter GDP increased [...]
Industrial production soared in November 1.1 percent higher. Manufacturing output rose 0.6 percent in November, 2.9 percent year over year. October output was revised 0.2 percentage point. According to Dr. Kenneth Mayland, economist for the Precision Machined Products Association, This is the best two month gain in industrial output since early 2012 (for manufacturing, it's [...]
New orders for manufactured goods in September, up following two consecutive monthly decreases, increased 1.7 percent. Excluding transportation, new orders decreased 0.2 percent. New orders for manufactured durable goods in September, up five of the last six months increased 3.8 percent. Shipments of manufactured durable goods in September, up two consecutive months, increased 0.4 percent. [...]