Uptick

By April 12, 2010Economy

WLFI-TV, Lafayette, Ind., “Manufacturing sales on the rise“:

LAFAYETTE, Ind. (WLFI) – The financial outlook has been looking up for some of the big businesses in the area.

It’s a nationwide trend that’s being reflected in central Indiana. Manufacturing sales are on the rise.

“As the economic downturn occurred, our industry actually felt a much larger impact than the rest of the economy,” said Dick Giromini, President and Chief Executive Officer of Wabash National.

From The Providence Journal, a report on a speech in Providence, R.I., by Brian Moynihan, new chief executive officer of Bank of America Corp., “Bank of America chief in cautious mood“:

“[Manufacturers] really think they’ll get more revenue without hiring more people, and that’s going to be tough on unemployment in this country.”

He suggested economic growth shouldn’t come from traditional areas like the auto industry, but rather from sectors that don’t do a lot of hiring — high-technology, biotechnology, “green” energy and the like.

“We need to figure out how to redeploy those people,” Moynihan said of workers in old-line industries.

Bloomberg uses Home Depot and Tiffany & Co., to report on companies restocking inventories, “Double-Dip Doesn’t Figure in Recovery With Inventory Rebuilding“:

The particular area of the economy which people are not putting enough focus on is how significant this rebound of inventories is going to be,” former Federal Reserve Chairman Alan Greenspan said in an April 4 interview on ABC’s “This Week” program, adding that the odds of a double-dip recession “have fallen very significantly in the last two months.”

And three articles by Bloomberg.

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