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U.S. manufacturers expanded at the fastest pace in nearly seven years last month, but a sudden rise in the price of raw materials could threaten their profits. The Institute for Supply Management said Tuesday that its index of manufacturing activity rose to 61.4 in February, up from 60.8 the previous month. That’s the highest reading… Continue Reading Manufacturing growing at fastest pace in 7 years

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Most metals rise on manufacturing jobs outlook

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Most metals prices rose Friday after a new report offered a positive outlook for the manufacturing industry. The Labor Department said manufacturers added 49,000 workers in January, the most since August 1998. It came days after the Institute of Supply Management trade group said that January was the best month in nearly seven years for… Continue Reading Most metals rise on manufacturing jobs outlook

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Factory activity expanded in January at the fastest pace in nearly seven years, as manufacturers reported a sharp jump in new orders. Still, builders spent less on projects in December, pushing annual construction spending down to a decade low. The Institute for Supply Management, a private trade group, said Tuesday that its index of manufacturing… Continue Reading Factory activity grows at fastest pace in 7 years

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Finishes: Manufacturing a comeback

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The telephone is ringing more often these days at Finishes Ltd., a Colorado Springs metal-plating shop. That has meant revenue growth and hiring at the company, thanks to a return of manufacturing work including assignments from overseas. Finishes applies protective coatings on various metal parts such as keypads, gun triggers, microscopes or fly fish clips.… Continue Reading Finishes: Manufacturing a comeback

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Orders for long-lasting manufactured goods outside of the volatile transportation category rose by the largest amount in eight months in November. Factories saw demand increase for computers, appliances and heavy machinery. Total orders for durable goods dropped 1.3 percent, the Commerce Department reported Thursday. That decline reflected sagging demand for aircraft and autos. But excluding… Continue Reading Factory orders outside of autos and airplanes soar

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Manufacturing activity surges in October

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Manufacturing activity expanded last month at the fastest pace since May, driven by demand in the United States and abroad for cars, computers and other goods. The report signals that U.S. factory output, which slowed over the summer, remains a strong player in an otherwise weak economy. A separate report on Monday showed that manufacturing… Continue Reading Manufacturing activity surges in October

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Colo. manufacturing on the rebound

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Colorado’s manufacturing industry is on the rebound,¬†according to the Federal Reserve Bank of Kansas City. Colorado is part of a seven-state region that manufacturing activity increases during September, after heavy losses in August. The index for production in the 10th Federal Reserve District hit 14, up from zero in August. The index ranges from 100… Continue Reading Colo. manufacturing on the rebound

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Primary job growth led by manufacturing sector

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A few dozen primary employers in the Pikes Peak region are slowly but surely shoring up their ranks. Despite a grim-sounding unemployment rate of 8.9 percent, El Paso County actually added 4,700 jobs between January and July. Not only that, but more than two-thirds of them were goods-producing jobs, which benefit the economy far more… Continue Reading Primary job growth led by manufacturing sector

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Stocks plunge, despite manufacturing growth

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NEW YORK – The stock market’s rally finally gave way on Tuesday, sending shares sharply lower as investors concluded that a six-month surge was overdone. At midday, all the major indexes fell more than 1.5 percent, including the Dow Jones industrials, which lost about 165 points. Stocks moved in tandem with oil prices, which fell… Continue Reading Stocks plunge, despite manufacturing growth

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