Manufacturing industry

The economic news Friday was mostly positive, with consumers spending on clothes, cars and eating out, while manufacturing continues to suffer.

Initial jobless claims rose in the latest week, while the Empire State manufacturing index slipped, and the Philadelphia Fed's rose.

Months after the pandemic caused a surge in initial claims, the numbers remain elevated.

The end-of-month economic data was positive, with even GDP coming in above expectations.

The housing market continues to lead all sectors in recovery, althoough a manufacturing and two services surveys also showed signs of recovery.

With a need to replenish inventories, experts expect the manufacturing recovery to continue.

The pace of recovery will not only be fragmented, but will take a lot longer than originally thought, according to Raphael Bostic, Federal Reserve Bank of Atlanta president.

The big gain suggests the manufacturing sector will be a positive for economic growth in the near term.

Consumer confidence sputtered even as new home sales surged, highlighting an uneven economic recovery.

Jobless claims grew, manufacturing expansion weakened and leading indicators grew less than last month.

With many states facing more coronavirus cases, experts are split on what the report will show.

The ISM manufacturing index hit a 16-month high, but construction spending unexpectedly fell in June.

Friday's batch of economic indicators offered some bright spots and some dark.

With rates at zero lower bound, and staying there, analysts are focusing on the post-meeting statement.

Initial jobless claims increased for the first time since March, causing some to worry about the economic recovery.

A handful of economic indicators offered no clarity about the economy, which appears to be improving marginally, but remains fragile.

Although economic activity increased, an uncertain outlook clouds the future.

The bipartisan Modernizing Agricultural and Manufacturing Bonds Act would expand the small issue manufacturing bonds and first-time farmer bonds programs.

While the headline number improved, key components tell different story.

The impact of COVID-19 is still ripping through the economy as the Institute for Supply Management-New York index fell to a new low of 4.3 in April and factory orders slumped 10.3% in March.