manufacturing

US businesses believe the worst of the crisis is over

March 28, 2011 - 11:02am | Analytics | News

According to the findings of a new survey by KPMG US manufacturing and service industry executives are now more optimistic about the prospects for the US economy. Both sectors believe that the worst of the crisis has passed for America.

68% of manufacturing executives expressed their belief that business activity will be higher in the next 12 months, up from 57 percent in October.

41% of the same executives say they have plans to employ more in the coming weeks and months. Five months ago that figure was 28%.

Crisis | Employment | manufacturing | service | US economy

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Consumer spending increase in US: nothing to talk about

March 2, 2010 - 7:22am | Figures | News

According to a new report February showed positive but slow increase in US manufacturing. Meantime, consumer spending also grew at a modest pace. National factory activity was worse in February as compared with the previous month.

"The message is continuing progress for the economy, if not as fast as hoped," said Pierre Ellis, a senior economist at Decision Economics in New York.

economic recovery | manufacturing | recession | unemployment | US consumer spending

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China won’t save the world economy, nations are still tied to USA

July 3, 2009 - 6:36am | Analytics | Articles

At the hardest times of the crisis frenzy many people believed that the recovery of the Asian economy along with the largest part of the world depends on China’s prosperity. But as China’s governmental agencies are crowing daily over the achievements in the national economy Asia as well as the rest of the world feel little or no effect at all. Japan as a largest economy in Asian region is getting worse every day.

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”All the necessary factors for a second-half recovery are... in place"?

June 2, 2009 - 3:00am | Analytics | News

The recession is said to be losing its strength as the reports on Monday show that the U.S. manufacturing sector showed improvement in May, contracting at a slower rate for the fifth straight month, while consumer spending slipped only slightly in April. The figures led the U.S. stocks up by over 2.5%.

consumer spending | contraction | manufacturing | market | recovery

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GDP of Japan drops by 4%

May 20, 2009 - 9:51am | Figures | News

It was revealed that Japan's economy has begun to climb out of the abyss, as a result of recent improvements in manufacturing activity. Nevertheless, the country had faced its sharpest contraction on record in the first quarter, due to the global economic slump affecting its export sector first and domestic consumers later on. 26% decline in exports resulted in 4.2 percent decrease in the nation's growth rate.

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