Friends of Manufacturing

U.S. oil rig count falls

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The number of rigs in U.S. oil patches fell this week, offsetting a recent rebound for the industry, according to weekly data collected by Baker Hughes.

The Permian basin lost three oil rigs - compared to last week's rise of three - contributing to Texas' net loss of two rigs. New Mexico and Louisiana also lost rigs.

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Survey: New York manufacturers grows at slightly slower pace

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Factories in New York State grew more slowly this month as shipments rose and new orders slipped.

The Federal Reserve Bank of New York said Friday that its Empire State Manufacturing index declined to 18 in December from 19.4 last month. The index is down from a three-year high of 30.2 last month. Still, any reading over zero signals growth. The index is watched closely by economists because it provides a first look at the health of U.S. manufacturing each month.

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U.S. industrial production posts third gain in a in November row as factories hum

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The numbers: Industrial production in the U.S. rose 0.2% in November to mark the third straight advance. 

Although the increase was only half as big as the MarketWatch forecast called for, a large gain in October was even stronger than initially reported, likely easing any worries.
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US Industrial Production Rose 0.2 Percent in November

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U.S. industrial production rose 0.2 percent in November due to a rebound in extracting oil and natural gas after a stoppage due to Hurricane Nate.

The Federal Reserve said Friday that mining activity climbed 2 percent last month, while manufacturing activity rose 0.2 percent. Production of machinery and primary metals contributed to gains in the factory sector, while the overall growth for industrial output largely came from restarting oil and natural gas drilling.

 

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