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…
Investigation continues into South River factory blaze
SOUTH RIVER, NJ -Last Tuesday, at around 10:35 pm, the South River Police Department was dispatched to Herman Street and Water Street following a report of a building on fire. On arrival,…
Tumbling exports feed worker unrest in world’s factory China
By Laurie Chen BEIJING (Reuters) – Strikes at Chinese factories have surged to a seven-year high and are expected to become more frequent as weak global demand forces exporters to cut workers’…
Canadian factory activity slips back into contraction in May
By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity slowed in May as high inflation and inventory cutting held back customer demand, but in a silver lining the reduction in activity contributed…
South African factory activity contracts for 4th straight month – Absa PMI
JOHANNESBURG (Reuters) – South African manufacturing activity contracted for the fourth consecutive month in May, with a particularly steep decline in expected business conditions, a survey showed on Thursday. The seasonally-adjusted Absa…
Euro zone factory downturn deepens in May despite price cuts
LONDON (Reuters) – The downturn in euro zone manufacturing activity deepened in May as demand slumped despite factories cutting prices for the first time since September 2020, according to a survey which…
Russia’s factory activity expands for 13th month running in May
(Reuters) – Activity in Russia’s manufacturing sector increased for the 13th month running in May and employment rose at its sharpest pace in more than two decades, though export orders contracted, a…
India’s May factory activity grows at fastest pace since Oct 2020
By Anant Chandak BENGALURU (Reuters) – India’s factory output expanded at the quickest pace since October 2020 last month thanks to strong demand and output, while improved optimism led firms to hire…
South Korea factory activity slumps into longest downtrend since early 2009 – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for an 11th consecutive month in May, slumping into its longest downtrend in 14 years, a survey showed on Thursday, as a slowing global…
Japan’s factory activity expands first time in 7 months – PMI
TOKYO – Japan’s factory activity expanded in May for the first time in seven months thanks to increases in output and new orders and buoyed by a positive outlook for the year…
Marketmind: China factory fright, dollar surges
A look at the day ahead in U.S. and global markets from Mike Dolan With the U.S. debt ceiling saga nearly over, the state of the global economy hoves back into view…
Thai April factory output drops 8% y/y, worse than forecast
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in April contracted by a more-than-expected 8.14% from a year earlier, as exports slowed and production costs rose, the industry ministry said on Wednesday.…
China’s factory activity likely contracts in May – Reuters poll
BEIJING (Reuters) – China’s factory activity likely contracted further in May, a Reuters poll showed on Monday, adding to pressures facing the world second-biggest economy amid an uneven economic recovery from the…
Canada April factory sales most likely down 0.2% – Statscan flash estimate
OTTAWA (Reuters) – Canadian factory sales most likely fell 0.2% in April from March, largely driven by the food and primary metal industries, Statistics Canada said in a flash estimate on Thursday.…
New York factory activity slumps in May – NY Fed
WASHINGTON (Reuters) – The New York Federal Reserve said on Monday its barometer of manufacturing activity in New York State plunged in May, but the survey is extremely volatile, making it harder…
Tesla says its Texas factory hits output of 5,000 Model Ys per week
BERKELEY, California (Reuters) – Tesla said on Tuesday that its Texas factory achieved production of 5,000 Model Y vehicles per week, meaning that it would be able to produce about 260,000 of…
US factory orders rebound on aircraft in March
WASHINGTON (Reuters) – New orders for U.S.-made goods rebounded in March, boosted by a jump in civilian aircraft bookings, but the overall manufacturing industry continued to struggle under the weight of higher…
South African factory activity contracts less in April – Absa PMI
JOHANNESBURG (Reuters) – South African manufacturing activity contracted again in April but less than in February and March, helped by companies building up inventories, a survey showed on Tuesday. The seasonally-adjusted Absa…
UK factory activity shrinks in April but cost pressures ease -PMI
By Suban Abdulla LONDON (Reuters) – British factory output and new orders contracted at the start of the second quarter of 2023, but manufacturers were more optimistic and input costs rose at…
Turkish factory activity growth gathers pace in April -PMI
ISTANBUL (Reuters) – Growth in new orders and output helped Turkish factory activity expand at a faster pace in April, as the sector continued its recovery in the wake of massive earthquakes…
Russian factory activity expands in April as export orders pick up
MOSCOW (Reuters) – Activity in Russia’s manufacturing sector grew for the 12th month running in April, and new export orders ended a 14-month sequence of decline, while inflationary pressures regained momentum, a…
South Korea factory activity shrinks in April, marks longest downturn in 6 years – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for a 10th consecutive month in April and for its longest streak in six years, a survey showed on Tuesday, underlining the weak global…
Japan’s factory activity contracts at slower pace in April – PMI
TOKYO (Reuters) – Japan’s factory activity contracted for the sixth straight month in April, but the details of a private survey released on Monday showed the manufacturing sector was edging towards stabilisation…
Japan’s factory activity shrinks at slowest pace in six months – PMI
TOKYO (Reuters) – Japan’s manufacturing activity shrank at the slowest pace in six months in April on a softer decline in sales, while the service-sector stayed solid, a preliminary survey showed on…
New York factory activity rebounds in April-NY Fed
WASHINGTON (Reuters) – The New York Federal Reserve said on Monday its barometer of manufacturing activity in New York State increased for the first time in five months in April as measures…
U.S. factory orders post second straight monthly decline in February
WASHINGTON (Reuters) – New orders for U.S.-manufactured goods fell for a second straight month in February amid ebbing demand for civilian aircraft and there were signs that business spending on equipment remained…
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