Martin Crutsinger

Government, Business

Government Revises Q4 GDP Up Slightly to 4.3%

hiring sign Steven Senne/AP

WASHINGTON — The U.S. economy grew at an annual rate of 4.3% in the final three months of 2020, slightly faster than previously estimated.

Martin Crutsinger | Associated Press
March 25, 2021
Government, Business

Icy Weather Sends Industrial Production Down 2.2% in February

Dallas freeze Dallas is frozen on Feb. 16. (LM Otero/AP)

WASHINGTON — Severe winter weather pushed industrial production down a sharp 2.2% in February, reflecting a big decline in factory output.

Martin Crutsinger | Associated Press
March 16, 2021
Government, Business

Gasoline Increase Drives 0.4% Boost in Consumer Prices

A man pumps gas at a Shell station in Massachusetts A man pumps gas at a Shell station in Westwood, Mass. (Stephen Senne/Associated Press)

Consumer prices increased 0.4% in February, the biggest gain in six months, led by a sharp jump in gasoline prices. But core inflation, excluding food and energy, posted a much smaller 0.1% gain, easing fears about a possible sustained acceleration in inflation.

Martin Crutsinger | Associated Press
March 10, 2021
Government, Business

Manufacturing Activity Jumps to Three-Year High in February

Ford assembly line Machines work on an assembly line at Ford's Chicago Assembly Plant in 2019. (Amr Alfiky/AP)

WASHINGTON — U.S. manufacturing expanded in February at the fastest pace in three years with the arrival of a surge in new orders.

Martin Crutsinger | Associated Press
March 1, 2021
Government, Business

Construction Spending Up 1% in December, Led by Housing

New homes under construction in a development in Littleton, Colo. (David Zalubowski/Associated Press) New homes under construction in Littleton, Colo. (David Zalubowski/Associated Press)

WASHINGTON — U.S. construction spending rose a moderate 1% in December as the number of new homes offset a sustained weakness in nonresidential construction.

Martin Crutsinger | Associated Press
February 1, 2021
Government, Business

Orders for Big-Ticket Manufactured Goods Up 0.9% in November

Javad Memarzadeh dusts washers on display in a Home Depot location in Boston on Oct. 29. Javad Memarzadeh dusts washers on display in a Home Depot location in Boston on Oct. 29. (Steven Senne/Associated Press)

Orders to U.S. factories for big-ticketed manufactured goods rose a moderate 0.9% in November with a key category that tracks business investment plans showing a gain.

Martin Crutsinger | Associated Press
December 23, 2020
Business, Equipment

September Factory Orders Up 1.9%

Ford Motor employees inspect a ventilator on May 13. (Carlos Osorio/Associated Press)

Orders to U.S. factories for big-ticket manufactured goods rose a stronger-than-expected 1.9% in September with a key category that tracks business investment showing a solid gain as well.

Martin Crutsinger | Associated Press
October 27, 2020
Business

Industrial Production Fell a Sharp 0.6% in September

oil pump jack A pump jack operates outside of Midland, Texas. (Matthew Busch/Bloomberg News)

WASHINGTON — U.S. industrial production fell 0.6% in September, the weakest showing since industrial output tumbled in the spring when the economy was slowed by widespread lockdowns resulting from the coronavirus.

Martin Crutsinger | Associated Press
October 16, 2020
Government, Business

Powell, Mnuchin Voice Optimism but Back More Economic Aid

Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on Sept. 22. Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on Sept. 22. (Caroline Brehman/Pool via AP)

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Sept. 22 that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed.

Martin Crutsinger | Associated Press
September 22, 2020
Government, Business, Logistics

Industrial Production Growth Slows, Up 0.4% in August

Industrial production rose a modest 0.4% in August. Ford Motor line workers put together ventilators at the Ford Motor Rawsonville plant in Ypsilanti Township, Mich., in May. (Carlos Osorio/Associated Press)

U.S. industrial production slowed to a modest increase of 0.4% in August, far weaker than the strong bounceback recorded in previous months when factories were coming back to life.

Martin Crutsinger | Associated Press
September 15, 2020

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