Aerospace News for November 2009

Aerospace News Archive

Metalformers Expect Decline Over the Short Term

Metalforming companies anticipate a dip in business conditions and incoming orders. That’s the main findings from the November 2009 Precision Metalforming Association Business Conditions Report.

U.S. Unemployment Rate Hits 10.2% in October U.S. Unemployment Rate Hits 10.2% in October

A newly released report from the Department of Labor puts job losses for the month of October at 558,000, bumping up the unemployment rate to 10.2%—up from 9.8% in September.

U.S. GDP Up 3.5% in the 3rd Quarter U.S. GDP Up 3.5% in the 3rd Quarter

U.S. gross domestic product, or GDP, grew 3.5% in the third quarter, according to a newly released report from the Bureau of Economic Analysis, or BEA. The increase, the first rise in a year, reflected higher consumer spending on durable goods—including automobiles—as well as investments in home building. By comparison, GDP decreased 0.7% in the second quarter.

Mixed 3rd Quarter Reviews for Coating Suppliers, Chemical Manufacturers

The 3rd quarter provided a mixed bag for several of the industry’s leading coating suppliers and chemical manufacturers. Preliminary numbers showed some are still feeling the effects of the global economic downturn, while others are recovering more quickly.