WASHINGTON—U.S. manufacturing expanded in February at the fastest pace three years with the arrival of a surge in new orders. The Institute for Supply Management reported Monday that its gauge of manufacturing activity rose to a reading of 60.8 percent last month, 2.1 percentage-points above the January level of 58.7 percent. It was the strongest…
China’s Manufacturing, Services Sectors Weaken in January
BEIJING—An official indicator of China’s manufacturing activity weakened for a second consecutive month in January, following outbreaks of domestic COVID-19 cases that affected the operations of some industries. The purchasing managers’ index, or PMI, for China’s manufacturing sector fell to 51.3 in January, down 0.6 percentage points from December 2020, according to data from the…
Eurozone Business Activity Shrinks in January as Lockdowns Hit Services
January 24, 2021
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LONDON—Economic activity in the eurozone shrank markedly in January as stringent lockdowns to contain the coronavirus pandemic hit the bloc’s dominant service industry hard. With hospitality and entertainment venues forced to remain closed across much of the continent, surveys on Friday highlighted sharp contractions in the services industry but also showed manufacturing remained strong as…
US Factory Activity Near 14-Year High; Home Sales Rise in December
January 24, 2021
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WASHINGTON—U.S. manufacturing activity surged to its highest level in nearly 14 years in early January, but bottlenecks in the supply chain caused by the COVID-19 pandemic are driving up prices and signaling a rise in inflation in the months ahead. Other data on Friday showed an unexpected increase in sales of previously owned homes in…
US Factory Activity Near 14-Year High; Home Sales Rose in December
January 24, 2021
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Businesseconomic recoveryEconomieseconomyHome saleshousing marketinflationmanufacturingsupply chainU.S. economyUS
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WASHINGTON—U.S. manufacturing activity surged to its highest level in nearly 14 years in early January, but bottlenecks in the supply chain caused by the COVID-19 pandemic are driving up prices and signaling a rise in inflation in the months ahead. Other data on Jan. 22 showed an unexpected increase in sales of previously owned homes…
Survey Finds Proposals Favored by Bipartisan Super-Majorities
Americans are deeply divided on many major issues facing the country, but a new national survey finds six big proposals favored by super-majorities in both political parties. “The research clearly shows that these are the policies that an overwhelming number of Americans, regardless of political party, want,” Dr. George Barna said in a statement accompanying…
Survey Finds Proposals Favored by Bipartisan Supermajorities
Americans are deeply divided on many major issues facing the country, although a new national survey finds six big proposals favored by super-majorities in both political parties. “The research clearly shows that these are the policies that an overwhelming number of Americans, regardless of political party, want,” Dr. George Barna said in a statement accompanying…
COVID-19 Pressures US Retail Sales; Manufacturing Shines
WASHINGTON—U.S. retail sales fell for a third straight month in December as renewed measures to slow the spread of COVID-19 triggered job losses, further evidence that the wounded economy lost considerable speed at the end of 2020. The downturn in sales reported by the Commerce Department on Friday is, however, unlikely to push the economy…
Quebec Threatens Construction, Manufacturing Sectors With More COVID Restrictions
MONTREAL—Quebec’s labour minister is threatening to impose more restrictions on the province’s construction and manufacturing sectors for allegedly flouting health orders. Jean Boulet said today in a statement that he’s received many reports of non-compliance connected to the two sectors since the government imposed new restrictions Jan. 9. The new measures—in effect until at least…
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The Nation Speaks (Jan. 23): Alan Dershowitz on the Perils of Impeachment; Finding Common Ground; Why America is the World’s Most Generous Country
In this episode, we talk to Alan Dershowitz, Harvard Law School professor emeritus and constitutional law expert, about the dangers of using impeachment as a political tool and the future of free speech in America. And in a time of deep divide, Dr. George Barna, director of research at Cultural Research Center at Arizona Christian…