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Nine of 18 manufacturing industries reported growth in December.Euro-area industrial orders fell by 2.2% in October, leaving them 14.5% lower than a year earlier.An index of purchasing managers in euro-area service industries hit a 25-month high of 53.6 in December, suggesting that activity in the sector is growing at an increasing rate.
German industrial orders fall.
But industrial orders for equipment and services grew 24 percent during the quarter, and G.E.'s backlog of industrial orders reached a record $189 billion.
Meanwhile, new industrial orders in the euro area declined by 2.5% in the same period.
As chart 2 shows, foreign industrial orders are piling up while domestic ones are dwindling.
The backlog of industrial orders rose to $216 billion, the highest level in the company's history.
Similar(15)
In Critchlow's view, Democrats fell victim to ideas that were rooted in an industrial order.
New technologies have, without question, created new opportunities and shaken up the industrial order.
Progressive reformers differed dramatically over how the balance should be struck between those three somewhat competing objectives as well as how the new national state they advocated should address the domestic and international challenges of the new industrial order.
By the very mechanism of growth, industrialism appears to create a new strain of poverty, whose victims for a variety of reasons are unable to compete according to the rules of the industrial order.
The nineteenth-century Scottish essayist Thomas Carlyle didn't much like the new industrial order, but he did understand the substantive relationship between human beings and their technologies: "Man is a Tool-using Animal.... Nowhere do you find him without Tools; without Tools he is nothing, with Tools he is all".
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