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Economic News

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Philly Fed Report Shows Increase In Manufacturing Expansion. The AP (6/20) reports the Federal Reserve Bank of Philadelphia reported on June 19 that its index of regional factory activity rose to 17.8 in June from 15.4 in May. The figure is the highest in nine months and shows that manufacturing has expanded at a faster   …Continue Reading


Putting the giant AR530 section bending roll together

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Click the link below to see video on how the AR530 was put together one enormous piece at the time:    


AR530 – The Giant At Work

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Article about AR530 – the largest section bending roll ever built – in Lamiera’s trade show publication 2014. Click below for a larger image. Click HERE for additional information and  pictures on this machine.  


MG at Lamiera Expo in Bologna, Italy – May 2014

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Come visit MG on 14 – 17 May 2014 HALL 36 – Booth A30 Showcasing AR110 Angle Roll  Shafts diameter: 4.33″ Rolls diameter: 13.8″ Working speed: 237 IPM Installed power: 10 HP Weight: approximately 6,498 lbs Dimensions: 62” L x 59” W x 62” H Showcasing MH314C 4-roll plate bending machine  Installed power: 10HP Topp roll diameter:   …Continue Reading


Institute For Supply Management’s Index Rises To 53.7 For March.

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Institute For Supply Management’s Index Rises To 53.7 For March. USA Today (4/2, Davidson) reports the Institute for Supply Management’s measurement index of factory activity rose “modestly” from 53.2 in February to 53.7 in March. The gain was smaller than expected, but reflects the shrinking output caused by adverse weather. The index for new orders   …Continue Reading


U.S. manufacturing sector performance rebounds strongly in February

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The Markit Economics preliminary index of U.S. manufacturing increased to 56.7 in February from a final reading of 53.7 last month, the London-based group said today. A figure greater than 50 for the purchasing managers’ measure indicates expansion. The median forecast in a Bloomberg survey called for 53.6, with estimates ranging from 52.5 to 55. The Markit   …Continue Reading


What Does Obama’s State of the Union Mean for U.S. Manufacturing?

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Last week President Obama gave the annual State of the Union address. Many topics were talked about including everything from war to income inequality. A main theme of the speech centered on the revitalized success of the industrial sector and the overall economic recovery. The President pointed out that new manufacturing jobs are being added   …Continue Reading


Households, trade keep U.S. economy humming in fourth quarter

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WASHINGTON (Reuters) – Robust household spending and strong exports kept the U.S. economy on solid ground in the fourth quarter, but stagnant wages could chip away some of the momentum in early 2014. Gross domestic product grew at a 3.2 percent annual rate, the Commerce Department said on Thursday, in line with economists’ expectations. While that was   …Continue Reading


New Manufacturing Orders Surge in Texas

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Factories should be humming in Texas based on the latest manufacturing outlook survey from the Dallas Fed. In January, the new orders index spiked to 14.4 from 1.3 in December. The shipments index also grew sharply, from barely over zero to 9.2. “Growth in auto sales, lower energy prices and the relatively low value of   …Continue Reading


Increased Investment in U.S. Manufacturing

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U.S. manufacturing has been on the upswing for a little while now, and there are finally enough signs of positive trends that industry experts are hopeful for the industry’s long-term prospects. Investment in American factories has grown, spurring corporate investment and a turnaround in hiring. American manufacturing companies are expected to increase their spending on   …Continue Reading


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