Advanced Manufacturing reports that “manufacturing economic growth should continue through the rest of 2017.” The semi-annual forecast predicted “an average revenue increase for the year of 4.4%, compared with 2016.” “The survey showed manufacturers this year expect a 5.2% increase in capital expenditures, a 1.3% rise in employment and a 4.4% rise in revenues.”
New single-family home sales tumbled 11.4% in April from a 9-1/2-year high in March. However new home sales increased 0.5% on a year-on-year basis. April's sales drop came after three straight months of increases. (Commerce Department)
Flir Systems the Wilsonville thermal imaging company has a new CEO. He is Jim Cannon, an Army veteran who has been at toolmaker Stanley Black & Decker for the past 16 years. Flir is one of Oregon's largest companies, reporting sales of $1.7 billion last year and profits of $167 million. It employs nearly 3,500 worldwide. (Oregon Live)
Home improvement supplier Lowe's profit fell 32% to $602 million, or 70 cents per share last quarter. Sales rose 10.7% to $16.86 billion. Same-store sales rose only 2%. (AP)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.