Afternoon Coffee: Positive Economic Activity as Factory Orders Rise, Consumers Spend More

Orders for manufactured goods jumped 2.1% in March, the biggest increase in 8 months, according to the Commerce Department. This is also the first rise in factory orders since August 2014.

Consumers continue to spend more money, too, Gallup reported today. Daily spending averaged $91 in April, up from the $86 a day in March and the highest April spending since 2008.

While some Chinese leaders see mergers of the country’s top oil producers and refiners as a good idea, industry executives and government advisors are pushing back against the plan. Such mergers would decrease competition, creating a “greater state monopoly,” some have said.

A 3D-printing, fully-automated factory opened in Louisville, Kentucky, today. CloudDDM unveiled the factory, the first of its kind, which features 100 high-tech 3D printers making prototypes and product parts for CloudDDM’s corporate customers.

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