Manufacturing
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MassBenchmarks: Mass. economy shifts into ‘lower gear’
After outstripping national growth in recent years, the Massachusetts economy has “dropped into a lower gear,” according to the Leading Economic Index released Thursday by the MassBenchmarks editorial board. more
Orders for U.S. capital goods signal business spending slowdown
A gain in demand for capital goods such as equipment and machinery in August failed to make up for declines in the previous two months, showing slowdowns in business investment and exports threaten to further restrain the U.S. economy more
Providence-area exports top $7B in 2011
Exports from the Providence-Fall River-New Bedford metropolitan area grew 23.3 percent to $7.1 billion from 2010 to 2011, according to data from the U.S. Department of Commerce’s International Trade Administration. more
| 9/21/12
Manufacturing in New York region shrinks more than forecast
Manufacturing in the New York region contracted more than forecast in September as orders shrank, a sign the world’s largest economy will get less support from the industry. more
Lardaro: R.I. recovery loses momentum in July
Rhode Island’s economic recovery continues to lose its momentum, most significantly in the manufacturing and retail sectors, according to University of Rhode Island economist Leonard Lardardo's July Current Conditions Index. more
Textron’s Bell Helicopter makes ‘safest companies’ list
Bell Helicopter, the Fort Worth, Texas-based subsidiary of Textron Inc., was named one of America’s safest companies by EHS Today, a magazine for environment, health and safety leaders, Textron announced Friday. more
| 9/14/12
Summer Infant taps Francese as new CFO
Juvenile health, safety and wellness product maker Summer Infant Inc. named Paul Francese as its new chief financial officer, the company announced Thursday. more
| 9/13/12
Neptune-Benson acquires ETS
Aquatic filtration system-maker Neptune-Benson LLC has acquired Beaver Dam, Wisc.-based Engineered Treatment Systems LLC, Neptune-Benson announced Monday. more
| 9/11/12
Trade gap in U.S. widened to $42B as exports fell
The U.S. trade deficit widened in July for the first time in four months as the global economic slowdown reduced demand for American-made goods. more
Philips Lightolier lays off workers, faces tax credit questions
As many as 30 workers at Philips Electronics subsidiary Philips Lightolier were laid off last week, sparking an examination by city officials, reported the Fall River Herald. more
| 9/10/12
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