[h=3]Samsung Electronics May Build A US Manufacturing Base.[/h]
Reuters (2/1, Lee) reports Samsung Electronics “may build a manufacturing base in the United States for its home appliances business, a person familiar with the matter told Reuters on Thursday.” Samsung said in an emailed statement “that the company continues to ‘evaluate new investment needs’” in the United States.
[h=3]Manufacturing Sector “Brimming With Confidence.”[/h]In examining the “latest regional manufacturing surveys from Federal Reserve banks,”
Bloomberg News (2/1, Golle) says that factories “are brimming with confidence,” which marks an “abrupt shift from a more than year-long slide tied to a collapse in oil prices, elevated inventories and tenuous global demand.” Those developments have “largely played out at about the same time President Donald Trump and a Republican-controlled Congress start hammering out legislation to lower corporate taxes and reduce regulations.” The article examines the latest regional manufacturing surveys from Federal Reserve banks.
Creighton University Survey: Minnesota, Midwest Manufacturing Conditions Improve. The
Minneapolis Star Tribune (2/1, DePass) reports the Creighton University Mid-America Business Conditions Index survey shows that manufacturers across Minnesota and the Midwest “saw increased sales and hiring in January,” adding that factory leaders responding to the widely watched survey “also indicated a business-confidence level not seen in six years.” The nine-state index and the Minnesota index “each jumped to 54.7 in January,” up from 53.1 in December for the nine states and up from 52.3 for Minnesota. Meanwhile, the confidence level “jumped six points to 69.5 in January.” Creighton’s Economic Forecasting Group Director Ernie Goss said, “This is the third consecutive month the index has increased and points to an improving regional manufacturing economy. ... I expect this to generate even healthier growth for both manufacturing and nonmanufacturing for the first half of 2017.”
Change we can really believe in ...