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Top U.S. Exports Still Generate $67B Trade Deficit

April 21, 2015 12:28 pm | by Andy Szal, Digital Reporter | News | Comments

Analysis shows that the country's top 30 export categories combined for a trade deficit of more than $67 billion in 2013.

Continued Growth For ISA Distributors In March

April 20, 2015 12:28 pm | by Industrial Supply Association | News | Comments

Ahead of ISA's annual convention April 25-27 in Cleveland, its Distributor Index showed a third...

Industrial Production In March Posts Biggest Drop Since 2009

April 15, 2015 4:21 pm | by Paul Wiseman, AP Economics Writer | News | Comments

For the first three months of the year, industrial output fell at an annual rate of 1 percent,...

Amazon Extends Ambitions To $6 Billion Online Auto Parts Market

April 15, 2015 11:01 am | by 360pi | News | Comments

Price and product intelligence provider 360pi's analysis of more than 30,000 Amazon auto parts...

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Jack Keough: MSC Industrial, Distributors Streamlining The Supply Chain

April 15, 2015 8:04 am | by Jack Keough, Contributing Editor | Blogs | Comments

As consolidation continues to increase, what MSC CEO Erik Gershwind said in the company's post-financial earnings conference call should give pause to other industrial distributors as to the importance of streamlining their supply chain efforts.

More Expensive Gas Lifts Wholesale Prices In March

April 14, 2015 12:58 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Gas prices have leveled off in recent months, eliminating one source of deflationary pressure on the U.S. dollar.

U.S. Retail Sales Heat Up In March; Has Big Thaw Arrived?

April 14, 2015 12:36 pm | by Josh Boak, AP Economics Writer | News | Comments

Warmer weather fueled a 2.1 percent boost in building materials sales, possible signs that the lagging manufacturing and construction sectors might also recover from a winter slump.

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U.S. Business Stockpiles Narrowly Increased In February

April 14, 2015 12:22 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Business sales were weak for a seventh straight month, though economists are looking for a rebound in the current April-June quarter, led by stronger consumer spending.

Shale Boom Hits First Bust Since Oil Price Collapse

April 14, 2015 11:21 am | by Andy Szal, Digital Reporter | News | Comments

The top U.S. oil reserves are forecast to decrease next month for the first time since the U.S. Energy Information Administration's Drilling Productivity Report debuted in October of 2013.

Manufacturing Tech. Orders Drop In February

April 13, 2015 12:32 pm | by The Association For Manufacturing Technology | News | Comments

February's total dipped more than 10 percent from January's, though the president of The Association For Manufacturing Technology maintains an optimistic outlook.

U.S. Cutting Tool Consumption Up In February

April 9, 2015 2:13 pm | by U.S. Cutting Tool Institute and The Association For Manufacturing Technology | News | Comments

Continuing to follow the pattern of durable goods manufacturing, the cutting tools figure ticked back up after dipping in January.

Analysts: Could Oil Industry Consolidation Mirror 1990s?

April 9, 2015 11:52 am | by Andy Szal, Digital Reporter | News | Comments

Analysts say falling crude prices increased the likelihood that established energy companies would look to acquire proven reserves rather than explore for additional resources.

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U.S. Wholesale Stockpiles Edge Up In February

April 9, 2015 10:46 am | by Martin Crutsinger, AP Economics Writer | News | Comments

If consumers do return to stores after a winter break, the renewed demand is expected to boost inventory building in future months.

Summer Gas Prices Expected To Be 32 Percent Lower This Year

April 8, 2015 4:28 pm | by Damian J. Troise, AP Business Writer | News | Comments

The lower prices are a result of world oil supplies growing faster than demand because of higher production in North America and elsewhere. That dynamic has been depressing the price of crude oil.

East, West Coast Ports Import Volume Now Nearly Equal

April 8, 2015 1:01 pm | by Andy Szal, Digital Reporter | News | Comments

In July, West Coast port imports exceeded the East Coast's by 33 percent. At the end of February, that margin was just 3 percent.

Federal Estimates Show Slight Decline In Manufacturing Jobs

April 6, 2015 1:03 pm | by Andy Szal, Digital Reporter | News | Comments

Monthly estimates show the U.S. lost 1,000 manufacturing jobs in March, with a strong dollar and effects of the West Coast ports strike likely causes.

ISM: Manufacturing Slows In March

April 2, 2015 4:04 pm | by Jon Minnick, Associate Editor | News | Comments

The latest monthly report from the Institute of Supply Management shows continued manufacturing and economic expansion, though at a weak rate.

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U.S. Factory Orders Rose For First Time Since July

April 2, 2015 11:35 am | by Paul Wiseman, AP Economics Writer | News | Comments

The climb was a welcome development for manufacturers struggling with disappointing economic growth in major trading partners like China, Europe, and Japan.

Survey: Midsize Manufacturers More Optimistic About U.S. Economy

April 2, 2015 11:30 am | by Andy Szal, Digital Reporter | News | Comments

A CFO survey by Prime Advantage showed 90 percent of executives believed 2015 company would match or beat last year’s totals.

U.S. Manufacturing Slows As Orders And Hiring Weaken

April 1, 2015 11:08 am | by Josh Boak, AP Economics Writer | News | Comments

The Institute for Supply Management said Wednesday that its manufacturing index slipped to 51.5 in March from 52.9 in February – a fifth-straight monthly drop.

MAPI U.S. Industrial Outlook: Strong Dollar Offsets Low Energy Prices

March 26, 2015 2:53 pm | by MAPI Foundation | News | Comments

MAPI's research forecasts a higher 2015 manufacturing growth percentage than originally anticipated, while 2016's outlook was lowered.

U.S. Durable Goods Orders Fell 1.4 Percent In February

March 25, 2015 10:46 am | by Martin Crustinger, AP Economics Writer | News | Comments

The weakness in February was widespread, with weaker demand for commercial aircraft, autos and machinery. The result adds to a slew of disappointing data from recent economic indicators.

ISA Economic Indicator Shows Accelerated February Expansion

March 23, 2015 12:12 pm | by Industrial Supply Association | News | Comments

Both the ISA Distributor and Manufacturer Indexes showed healthy growth, spreading optimism among association members.

By The Numbers: Federal Report Says 'Extreme Long-Term Unemployment' Remained High In 2014

March 19, 2015 2:24 pm | by Andy Szal, Digital Reporter | News | Comments

The report shows that while extreme long-term employment was down from last year, 11.4 of those unemployed last year looked for work for at least 99 weeks.

Oil Prices Fall To Six-Year Low

March 18, 2015 11:03 am | by Andy Szal, Digital Reporter | News | Comments

The plummeting price of oil since mid-2014 led producers to reduce the amount of rigs in operation in the U.S., but analysts said the effects of those cuts won't be felt by the marketplace for some time.

Industrial Output Edged Up In February

March 16, 2015 10:08 am | by Martin Crutsinger, AP Economics Writer | News | Comments

A big surge by utilities due to a cold winter offset a third straight decline in factory output.

Oil Is On Its Way Down Again; Will Gasoline Prices Follow?

March 16, 2015 8:50 am | by Jonathan Fahey, AP Energy Writer | News | Comments

The price of oil has fallen close to its lowest price in six years, and many expect it to fall much further in the coming weeks because supplies are still heading up and the summer driving season is still months away.

Study Says It Will Take Decades to Close Gender Wage Gap

March 13, 2015 3:58 pm | by CBS This Morning | Videos | Comments

A new report from the Institute for Women's Policy Research forecasts the national gender wage gap will close in the year 2058, meaning women will not receive equal pay for the next 43 years. In some states, it will take even longer.

U.S. Wholesale Prices Down For Fourth Straight Month

March 13, 2015 11:58 am | by Martin Crutsinger, AP Economics Writer | News | Comments

Robust hiring in the past 12 months and lower gas prices lifted consumer confidence in January and February, but those trends have yet to boost consumer spending this year.

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