Norbert Ore News
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Norbert Ore , chairman of the Institute for Supply Management’s factory survey committee, will retire after working for the Tempe, Arizona-based group for more than 15 years, the organization said today in a statement.
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Manufacturers in the U.S. have a more optimistic outlook for sales and spending in 2011 than they did at the end of last year, according to a survey by the Institute for Supply Management.
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Manufacturing expanded faster than forecast in April, driven by gains in exports and inventories that are keeping the industry at the forefront of the U.S. economic expansion.
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In recent decades, U.S. presidents, especially those confronted with a lousy economy and looming election, have used Labor Day to talk about restoring American manufacturing to its former glory.
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Manufacturers in the U.S. will be able to prevent rising raw-material prices from hurting earnings in coming months, according to Norbert Ore , chairman of the Institute for Supply Management’s factory survey.
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The manufacturing rebound that propelled the U.S. out of the recession cooled in July, reflecting a slowing in orders and production.
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Manufacturing in the U.S. grew in February at the fastest pace in almost seven years, driven by gains in orders, employment and exports that signal factories will continue to propel the expansion.
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Manufacturing in the U.S. expanded for a 16th consecutive month in November and companies increased payrolls, signs of growing confidence in the economic recovery.
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Manufacturing in the U.S. expanded in December at the fastest pace in seven months, reinforcing signs the expansion is gaining momentum.
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Manufacturing in the U.S. expanded at the fastest pace in five months in October, pointing to renewed strength in the industry that led the nation out of recession.
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