Orders for US durable goods up solid 26 per cent in March

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Martin Crutsinger, The Associated Press Posted Apr 24, 2014 6:35 am MDT Orders for US durable goods up solid 2.6 per cent in March with strength in business investment In this April 15, 2014 photo, Charles Rajecky packs a completed blender for warehousing at the Vitamix manufacturing facility in Strongsville, Ohio. The Commerce Department releases durable goods for March on Thursday, April 24, 2014. (AP Photo/Mark Duncan) WASHINGTON – Orders to U.S. factories for long-lasting manufactured goods posted a solid gain for the second straight month in March. A key category that signals business investment plans increased at the fastest pace in four months.Orders for durable goods increased 2.6 per cent in March following a 2.1 per cent rise in February, the Commerce Department reported Thursday. Those back-to-back gains followed two big declines in December and January which had raised concerns about possible weakness in manufacturing.Demand for core capital goods, considered a good guide for business investment plans, rose 2.2 per cent in March after a 1.1 per cent drop in February. It was the best showing since a 3 per cent rise in November.Analysts were encouraged with the widespread strength shown in the March orders increase, saying it was an indication that manufacturing was recovering after a cold winter disrupted business activity.“The gains were spread across most sectors, from primary metals to computers,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics.He and other analysts said the March report was an encouraging sign that increased factory production will lift overall economic growth in coming months.The strength in March was widespread, led by a 4 per cent increase in demand for transportation goods. Orders for commercial aircraft advanced 8.6 per cent while demand for motor vehicles and parts rose a more modest 0.4 per cent.Excluding transportation, orders rose a solid 2 per cent, the best showing in this category in more than a year.Orders for primary metals such as steel rose 2 per cent while demand for heavy machinery, computers and communications equipment all showed increases.The gains in orders for durable goods, products expected to last at least three years, were the latest sign that the economy is gaining momentum following a harsh winter.The Institute for Supply Management, a group of purchasing managers, reported that its closely watched index of manufacturing activity grew at a slightly faster pace in March, rising to a level of 53.7, compared to 53.2 in February. Any reading above 50 indicates expansion in manufacturing.Manufacturing activity had plunged in January as harsh snow storms shut down factories and disrupted supply shipments and then rebounded slightly in February as orders and stockpiles grew. The overall index remains below the level that prevailed in the second half of last year, when it regularly topped 56.Last year, U.S. factories were cranking out appliances, autos and other goods at a healthy pace until harsh winter weather descended. The ISM’s index rose for six straight months until dipping slightly in December. That was followed by January’s sharp fall.Economists believe the severe winter weather contributed to slowing overall growth to a lacklustre annual rate possible as low as 1 per cent in the January-March quarter.But they are looking for the warmer weather to unleash pent-up demand that will kick growth in the April-June quarter to around 3 per cent. That stronger growth is expected to last for the rest of the year, lifting the economy to its best performance since the Great Recession ended in mid-2009. read more


Putzmeister announces lineup at EXTEMIN

first_imgThe PERUMIN mining convention is one of the key mining events in Latin America, organised by the Institute of Mining Engineers of Peru (IIMP) since 1954 and this year will run from September 16-20 in Arequipa. PERUMIN also hosts the Mining Technology Exhibition EXTEMIN, presenting a range of national and international suppliers of mining goods and services. The Putzmeister Underground Division will showcase its concrete spraying system 4210 SPM WETKRET DUAL DRIVE, as well as the low-profile concrete mixer MIXKRET 4. The Putzmeister Solid Pumps division will be present, which supplies high density piston pumps for transporting tailings and backfilling paste in mining. Furthermore, the Putzmeister Powercreter Magnum will be exhibited, a wet shotcrete pump for concrete repair works.The SPM 4210 WETKRET DUAL DRIVE version has a dual drive system so that all the components can be operated both by diesel engine and electrically. The machine is optionally available with an on-board electric or diesel air compressor. Its reinforced spraying arm provides a vertical spraying reach of 10 m, and the maximum concrete output of the Putzmeister double-piston pump mounted on the equipment is 20 m3/h. The proportional remote control, which can be operated both by cable and wireless, allows the easy operation of the spraying arm as well as the regulation of the concrete output and the adjustment of the pre-defined additive dosage. The peristaltic additive pump is equipped with an automatic dosing device to synchronize the additive dosage with the concrete flow, assuring spraying accuracy and quality. With heavy-duty axles and a reinforced articulated turning system, the SPM 4210 WEKTRET series is also designed for the heavy duty working conditions in mining. MIXKRET 4 is equipped with a 6-cylinder, 130 kW turbo engine, providing high climbing and moving power as well as the possibility to work at high altitudes. With the ICVD drive system (Integrated Continuously Variable Drive) it is possible to drive through the entire speed range without interrupting the traction force, increasing comfort for the driver and reducing fuel consumption. Putzmeister states: “The compact design and heavy-duty axles, both used for steering and driving (4WD and 4WS), provide mobility and manoeuverability in narrow galleries and tunnels. Furthermore, the machine features an automatic speed control system for moving down slopes fully loaded at the maximum secure speed. The cabin, mounted in machine direction, and the night-vision camera at the rear, facilitate manoeuvering and ensure visibility conditions at all times, increasing safety. The concrete transporting and mixing drum of Putzmeister Mixkret 4 provides a concrete capacity of 4 m3 and optionally includes an additive discharging system for transporting and transferring additives to the shotcrete equipment.” The solids pumps company of the Putzmeister Group manufactures high density piston pumps for pumping slurries, sludges and pastes that will be on show at EXTEMIN. In mining, the pumps transport tailings to the dam/filter or transport backfill paste into the underground mines. The pump system features a piston pump, a hydraulic power pack to drive the pump and an electric cabinet with a PLC, control and operation panel. Putzmeister piston pumps can operate with a solid content of up to 85 %, depending on material composition. Finally, with an output of up to 150 bar they can pump over distances of up to 11 km and achieve effective pumping throughputs of approximately 500 m³/h. With a capacity of 3.8 m3/h and a concrete pressure of 122 bar, Putzmeister Magnum Powercreter is described as the most versatile concrete repair pump by Putzmeister. It is ideal for wet-process shotcrete applications. The Powercreter magnum has a 34 kW Deutz diesel engine and conveys low slump concrete and packaged high-performance materials over long distances.last_img read more