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“We think we could be moving past the worst of the recent soft patch for the manufacturing sector, although the evidence of this improvement has not been overwhelmingly clear,” said Daniel Silver, an economist at JPMorgan in New York. Manufacturing is also being hobbled by last year’s surge in the dollar and softening global economic growth, which are hurting exports mens chain cufflinks. The sector could be further strained by Boeing’s decision to stop deliveries and cut back production of its troubled 737 MAX aircraft. The MAX planes have been grounded indefinitely following two deadly crashes..
“The delivery stoppage and production slowdown of the 737 MAX will be a drag on production and orders data in the near term, and may subtract as much as two tenths of a percentage point from second-quarter GDP growth,” said Tim Quinlan, a senior economist at Wells Fargo Securities in Charlotte. While manufacturing is struggling, there are signs of green shoots in the housing market after activity contracted last year mens chain cufflinks. A survey from the National Association of Home Builders on Tuesday showed confidence among single-family homebuilders edged up this month amid optimism over sales conditions and buyer traffic..
The housing market is getting a lift from a fall in mortgage rates after they surged last year. But housing accounts for a small fraction of the economy, meaning the recovery in activity is unlikely to have a huge impact on gross domestic product. Growth forecasts for the first quarter are between a 1.5 percent and 2.3 percent annualized rate mens chain cufflinks. The economy grew at a moderate 2.2 percent rate in the fourth quarter after expanding at a brisk 3.4 percent pace in the July-September period. The flat manufacturing output in March, together with a 0.8 percent drop in mining, led to a 0.1 percent dip in industrial production. Industrial output edged up 0.1 percent in February. It fell at a 0.3 percent rate in the first quarter after rising at a 4.0 percent pace in the fourth quarter..
Mining production was unchanged in February. Oil and gas well drilling rebounded 0.3 percent in March after tumbling 1.3 percent in February mens chain cufflinks. Utilities output gained 0.2 percent in March after surging 3.7 percent the prior month. Capacity utilization for the manufacturing sector, a measure of how fully firms are using their resources, slipped to 76.4 percent last month, the lowest in a year, from 76.5 percent in February. Overall capacity use for the industrial sector fell to 78.8 percent from 79.0 percent in February..
MUMBAI/NEW DELHI (Reuters) – India’s Jet Airways Ltd will be forced to shut down as soon as Wednesday if it does not get emergency funding from its lenders, two sources familiar with the matter said on Tuesday mens chain cufflinks. Bankers and an Indian government official said lenders are trying to line up funds to keep aloft the once-dominant Indian airline, whose shares earlier on Tuesday slumped to their lowest levels since August 2015. Another source said Jet’s board had authorized its chief executive Vinay Dube to go back to its main lender State Bank of India (SBI) one last time to plead for emergency funds..