The 2020 Mid-Year Economic Update_long

Day: May 17, 2007

Pearlman Industries Buys Tool Distributor

Pearlman Industries, Inc., Commerce, CA, which was recently acquired by Harbour Group, has acquired Dimensional Tools, Inc., Dallas, TX.
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Dimensional Tools, based in Dallas, will become part of Pearlman's Keystone Tools division.

Dimensional Tools is a distributor of products for the stone fabrication market. It has locations in Dallas and Phoenix as well as a fleet servicing customers in the field.
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Pearlman Industries, Inc. is a supplier of diamond cutting products and abrasives to professionals in diverse end-markets, including stone, tile, construction, welding, and equipment rental. The company has two divisions: Pearl Abrasives, which develops branded abrasives and diamond products sold through distributors to a wide range of industries; and ...

Industrial Production Increases 0.7% in April

Industrial production increased 0.7 percent in April after a decrease of 0.3 percent in March. Output in the manufacturing sector moved up 0.5 percent in April; the increase was led by advances in motor vehicles and parts and in high-technology goods.
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The output of utilities increased 3.5 percent; temperatures were relatively warm in March but fell below seasonal norms in April. Mining output decreased 0.3 percent in April. At 113.0 percent of its 2002 average, overall industrial production for April was 1.9 percent above its year-earlier level.
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The rate of capacity utilization for total industry rose 0.4 percentage point, to 81.6 percent, a level 0.6 percentage point above its 1972-2006 average.
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Market Groups
All major market ...

Housing Starts Down 16% From Last April

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following residential construction statistics for April 2007:

Year-to-Date Percent Change (through April 2007)

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