The 2020 Mid-Year Economic Update_long

Day: September 28, 2006

Mayer Electric Supply to Buy Higgins Electric Distribution Arm

Mayer Electric Supply Co., Birmingham, AL, will acquire the distribution operations of Higgins Electric Inc., Dothan, AL.The service, construction, air compressor and motor shop departments of Higgins are not part of the sale, and Higgins will continue those operations, the Birmingham Business Journal reported.Higgins operates in south Alabama, northern Florida and west Georgia. The company …

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August Housing Starts Fall 6% from July, 19.8% from Last Year

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for August 2006:  Building PermitsPrivately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,722,000. This is 2.3 percent (1.2%) below the revised July rate of 1,763,000 and …

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July Machine Tool Consumption Up 24.4% Year-to-Date

July U.S. manufacturing technology consumption totaled $278.47 million, according to AMTDA, the American Machine Tool Distributors’ Association and AMT, The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was down 14.6% from June but up 26.5% from the total of $220.21 million reported for July 2005. With a …

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