{ad_above_content}

Manufacturing sector struggles in the United States

The weak demand for electrical and transport equipment resulted in low number of factor good orders in the United States. Though the US economy is showing the signs of great recovery, the manufacturing sector is not witnessing any progress.  The data from commerce department pointed out slow growth in the sector. The goods order dropped by 1 percent in May after 0.7 percent decrease in the month of April. If we see the data of last 10 months, factory orders have been declining in all nine of them. 

The experts predicted fall of 05 percents next month. The transport component would remain volatile.  U.S. Economy gets around 12 percent of the GDP from the manufacturing activity but lower oil prices, stronger dollar and decreasing exports are crippling the sector. The developed economy of the United States is now more focusing on the service sector, which earns more profit. The multinational corporations and energy firms are reporting sharp decline in the profit.  The economists said that the sector is settling down for faster growth period. The institute of supply management report said that activities have reached five month high.

The institute publishes its national factory index and the data said that the sub-index for new ordered showed growth for consecutive third month. The crude oil prices are slowing increasing after a massive decrease of 60 percent last year. The energy corporations are not building more oil rigs on the US soil now so there is no chance of flooding market with large quantity. Overall the picture looks optimistic for the economy. 

 

 

{ad_below_content}

Hot Reads

Earthquakes rock Japan and Ecuador

Two massive earthquakes occurred in April, with massive damage and casualties in their wake. In Japan’s Kyushu region, a 7.0 earthquake left at least 32 people dead (another 6.2 earthquake hit two days prior). In Argentina, an even larger 7.8 earthquake left 272 confirmed dead, with the toll…

Hope Hicks admits to lying

300 Reindeer Killed in Lightning Strikes

Terrorist Attacks in Turkey and Travel Advisories

Karen Perezas body found by Texas EquuSearch

News Flash

Hottest News

Modern slavery in the heart of Europe

No need to travel far from EU institutions to find out about migrant labour conditions. At the Arts-Loi Metro station in Brussels, Mohammed, an undocumented Moroccan immigrant, worked for months for 50 euros a day to renovate it, and it was hard labour. You can find his portrait among the pictures…

What was the Tet Offensive?

The Tet offensive was a well-coordinated attack against some targets in South Vietnam by North Vietnam led by communist Viet Cong Forces. This attack which saw the U.S. and South Vietnam militaries suffer severe casualties was orchestrated in 1968 during the lunar New Year which is also known as…

Trump’s Grandparents Came to America

The current U.S. President Donald Trump is proposing some aggressive immigrant regulations that will deter people from coming into the U.S. illegally. From building a wall to proposing a bill that would favor to English speaking immigrants when moving to the United States, the president, and his…

Lynne Viola's book about The Great Terror of the 1930s

"Stalinist Perpetrators on Trial, Scenes from the Great Terror in Soviet Ukraine" is the title of the Lynne Viola book that narrates the terrors of the 1930s in the Soviet Union. What is The Great Terror? The Great Terror is a time in Soviet history that lasted for 16 months during 1937…

Who was Rosie the Riveter?

During World War II, Rosie the Riveter became a cultural icon. She represented the women working in factories and shipyards at the time, many of whom produced munitions and war supplies. Due to many of the working men being shipped off to fight in the war, women were encouraged to replace them.…

The 1918 Flu Pandemic Killed Millions

In the US, the flu season starts late in the fall and lasts until spring. Up to 200,000 are hospitalized during this period, and over the past 30 years, about 49,000 people have died from the flu. However, these numbers are small compared to the deaths that were witnessed during the 1918 influenza…

Ann Sullivan Lived For Years in a Poor House

Ann Sullivan was born in Feeding Hills in Massachusetts in April of 1866, the oldest child of Alice and Thomas Sullivan. Anne Sullivan contracted trachoma, a bacterial infection of the eye. The disease causes recurring and painful infections that leaves the eyes looking red and swollen. When she was…

Worldwide News

Theresa May Set To Be Next Prime Minister of Britain

Three Syrians arrested in Germany accused of planning attacks

Brazil's President may be impeached

Man attacks Iditarod teams with snowmobile

Just Published

What was the Tet Offensive?

The Tet offensive was a well-coordinated attack against some targets in South Vietnam by North Vietnam led by communist Viet Cong Forces. This attack which saw the U.S. and South Vietnam militaries suffer severe casualties was orchestrated in 1968 during the lunar New Year which is also known as…

Trump’s Grandparents Came to America

The current U.S. President Donald Trump is proposing some aggressive immigrant regulations that will deter people from coming into the U.S. illegally. From building a wall to proposing a bill that would favor to English speaking immigrants when moving to the United States, the president, and his…

Lynne Viola's book about The Great Terror of the 1930s

"Stalinist Perpetrators on Trial, Scenes from the Great Terror in Soviet Ukraine" is the title of the Lynne Viola book that narrates the terrors of the 1930s in the Soviet Union. What is The Great Terror? The Great Terror is a time in Soviet history that lasted for 16 months during 1937…

Most Favorites

Canadian funded hospital destroyed in Syria

A Canadian-funded hospital in Syria has been destroyed during an air strike that was, according to an aid agency, deliberate and has forced other hospitals to close. This hospital was in Aleppo, a city divided by Syrian President Bashar Assad government forces and Syrian rebels. The center is one…

N. Korean submarine considered sunk

A North Korean submarine disappeared and is presumed to have sunk. The submarine was reportedly operating and patrolling the North Korean coast for several days before it went missing. An unknown news source from the U.S government stated that the submarine sunk and is not missing. North Korea has…

Boko Haram attack village in Nigeria, Feb. 1, 2016

"We had just finished evening prayers when the gunmen came to our village and indiscriminately opened fire and set fire to homes," were the words of resident Kulo Sheriff. The extremist group, Boko Haram viciously attacked Dalori village in the north of the country with gunfire and…

Advertisement

Most Viewed

Three people killed in crossbow attack in Toronto

Violent crime has always been an issue, and many dangerous outbursts have hit the media in recent years. With especially gun violence issues making headlines all around North America, what might not have expected a violent headline stemming from a crossbow attack. In Toronto, Canada, this nightmare…

Which golf women are attending the Rio Olympics and who is staying away?

The Rio Olympics opening ceremonies of the grand competition began today. For all the controversy, this event has drawn people from around the world and not just for the games. Pollution became a major concern and many feel it has not been properly handled both in terms of air, as well as water. For…

Child Taken by Alligator at Disney World, Orlando

Every child wants to see Walt Disney World. The young ones are exposed to Disney characters and this is the place where they get to feel what it's like to be in a fantasy world. As parents, being able to take the children in this beautiful venue brings about a delightful feeling. Just the sight…

Australian W. Rodwell survives 472 days in captivity

An Australian man was abducted and imprisoned by Muslim militants in the Southern Philippines for 472 days and has shed more light on his experience. He is telling his story of his brushes with death and also the methods he used to stop himself from going insane and giving up hope of rescue. Warren…

Three Syrians arrested in Germany accused of planning attacks

Brazil's President may be impeached

Man attacks Iditarod teams with snowmobile

Researchers in Russia unearth a Wooly Mammoth

Obama’s view of global warming is opposed by Congress