Electrolux Invest $500M in US Mfg; Consolidates Production

The Electrolux Group said today it is planning total investments of approximately USD 500 millionin its U.S. manufacturing operations, stepping up a strategic initiative to drive profitable growth in North America with new lines of innovative Frigidaire kitchen products. The company also said it will consolidate freezer production into its Anderson, South Carolina refrigeration facility. Today’s announcement entails modernizing and…

U.S. Manufacturing: March Madness

Following six consecutive months of contraction, the U.S. manufacturing industry increased in March by a healthy 2.3 percentage points on the nation’s leading index. The Institute for Supply Management’s (ISM) PMI reached 51.8 percent from the February reading of 49.5. Any number above 50 indicates growth. The PMI is riding high on an increase in…

U.S. Manufacturers: 4.1% Growth Forecast in 2016

The domestic manufacturing industry—which appears to be ending 2015 on a sour note – expects moderate growth in 2016. The U.S. manufacturing base in November contracted for the first time in three years, according to the Institute for Supply Management’s  leading business index.  For 2016, 63 percent of respondents to the ISM’s Semiannual Economic Forecast…