Ukrainian President Tours American War Complex Factory Making Artillery Shells in Pennsylvania
SCRANTON, PA – This weekend, during a tour of the Scranton Army Ammunition Plant in Pennsylvania, Ukrainian President Volodymyr Zelenskyy expressed his gratitude for the artillery shells and other munitions being produced…
New York State factory activity picks up – New York Fed
By Amina Niasse (Reuters) – Manufacturing activity in New York State accelerated moderately in September, topping expectations for a continued slowdown as new orders and shipments increased. The New York Fed’s monthly…
Volvo to start production of electric trucks at Ghent factory
COPENHAGEN (Reuters) -Sweden’s Volvo will begin serial production of heavy battery electric trucks at its Ghent factory in Belgium, the truckmaker said in a statement on Thursday. The Ghent factory is the…
US factory booms strengthen MUFG’s dominance in project finance – senior exec
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – A U.S. factory construction boom driven by tax credits in the Inflation Reduction Act (IRA) is helping Mitsubishi UFJ Financial Group (MUFG) to…
Tesla, suppliers to invest $15 billion in Mexico factory – local governor
MEXICO CITY (Reuters) – A state governor in Mexico said on Monday that Tesla and its suppliers would invest $15 billion over the next two years in a factory that is still…
Canadian factory PMI falls to three-year low as output slows
By Fergal Smith TORONTO (Reuters) – Contraction in Canada’s manufacturing sector gathered pace in August as production and new orders declined, data showed on Friday, in a potential sign that higher borrowing…
UK factory orders tumble in the face of higher rates – PMI
LONDON (Reuters) – British factories in August suffered their weakest month since early in the COVID-19 crisis, with orders shrinking dramatically due to the rise in interest rates at home and abroad,…
Euro zone August factory activity showed signs of recovery -PMI
LONDON (Reuters) – The downturn in euro zone manufacturing eased last month, suggesting the worst may be over for the bloc’s beleaguered factories although demand weakened to its lowest in almost a…
Russian factory activity grows at fastest rate in three months in August -PMI
MOSCOW (Reuters) – Russian factory activity grew at the strongest rate in three months in August as new orders gained momentum, although the weak rouble added to the inflationary pressure facing manufacturers,…
China’s Aug factory activity picks up unexpectedly – Caixin PMI
BEIJING (Reuters) – China’s factory activity surprisingly returned to expansion in August, a private-sector survey showed on Friday, with supply, domestic demand and employment improving, suggesting official efforts to revive growth might…
South Korea factory activity shrinks at quicker pace in August – PMI
By Jihoon Lee SEOUL (Reuters) – South Korea’s factory activity weakened at a faster pace in August, extending its longest-ever slump by another month as export orders fell again, a private business…
Japan’s factory activity shrinks, squeezed by costs – PMI
TOKYO (Reuters) – Japan’s factory activity shrank for a third straight month in August, a survey showed on Friday, as manufacturers were squeezed by cost pressures from raw material inflation and rising…
Thai July factory output falls more than forecast as exports slump
BANGKOK (Reuters) – Thailand’s factory output shrank slightly more than expected in July as sluggish global demand pinched exports, a ministry official said on Thursday. The manufacturing production index (MPI) fell for…
PepsiCo returns to Indonesia, breaks ground for snack factory
By Stefanno Sulaiman CIKARANG, Indonesia (Reuters) – U.S. food and beverage maker PepsiCo began building a snack factory in Indonesia’s West Java on Wednesday, marking its return to Southeast Asia’s largest economy…
Vietnam August exports slide, but factory output improves
By Khanh Vu and Phuong Nguyen HANOI (Reuters) -Vietnam’s exports in August fell 7.6% from a year earlier, official data showed on Tuesday, making a sixth straight month of decline as weak…
Japan’s factory activity shrinks at slower pace in Aug – PMI
TOKYO (Reuters) – Japan’s factory activity shrank for a third straight month in August amid higher oil prices and uncertainty over the global economic outlook, although the pace of decline slowed, a…
UK factory output drops at fastest rate in almost 3 years: CBI
LONDON (Reuters) – British manufacturing output dropped over the three months to August by the most in almost three years, according to an industry survey on Tuesday that pointed to a further…
Mexico denies U.S. request to review labor concerns at Grupo Yazaki factory
MEXICO CITY (Reuters) – Mexico said on Friday it has notified the United States that it will not carry out a requested review of labor rights concerns at Grupo Yazaki’s auto components…
Company Building EV Battery Factory Near US Military Installations Listed As Chinese Principal, Filings Show
Company Building EV Battery Factory Near US Military Installations Listed As Chinese Principal, Filings Show Philip Lenczycki on August 18, 2023 The California energy company slated to build a battery factory near…
US factory orders jump in June on transportation equipment demand
WASHINGTON (Reuters) – New orders for U.S.-made goods surged in June, boosted by strong demand for transportation equipment and other goods, showing some pockets of strength in manufacturing despite higher interest rates.…
Chinese EV Company Buys Up Michigan Land For Battery Factory Despite Public Backlash
Chinese EV Company Buys Up Michigan Land For Battery Factory Despite Public Backlash Nick Pope on August 2, 2023 Gotion, a Chinese Communist Party (CCP)-linked electric vehicle (EV) company, announced Tuesday that…
Canadian factory activity slows for third straight month in July
By Fergal Smith TORONTO (Reuters) – Canada’s manufacturing sector contracted for the third straight month in July as an uncertain economic outlook held back new orders, offsetting a pickup in production, data…
South African factory activity contracts further in July – Absa PMI
JOHANNESBURG (Reuters) – South African manufacturing activity contracted for the sixth consecutive month in July, driven by an increase in scheduled power cuts and transport disruptions, a survey showed on Tuesday. The…
UK factory output falls at fastest pace in seven months, cost pressures ease -PMI
By Suban Abdulla LONDON (Reuters) – British factory output contracted in July at the fastest pace in seven months, hit by higher interest rates and fewer new orders, despite weakening price pressures,…
Euro zone factory July activity fell at fastest pace since onset of COVID -PMI
LONDON (Reuters) – Manufacturing activity across the euro zone contracted in July at the fastest pace since COVID-19 was cementing its grip on the world as demand slumped despite factories cutting their…
Spain’s factory activity shrinks again in July on weak demand -PMI
MADRID (Reuters) – Factory activity in Spain contracted for the fifth consecutive month in July as domestic and foreign demand for Spanish goods weakened, a survey showed on Tuesday. The HCOB Purchasing…
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