UK manufacturing trade body cuts outlook for 2023
By Suban Abdulla LONDON (Reuters) – Britain’s main manufacturing trade body on Monday cut its forecast for the sector’s growth for this year and next, …
Manufacturing
US manufacturing production barely rises in August
WASHINGTON (Reuters) – Production at U.S. factories barely rose in August as motor vehicle output dropped and activity could plunge in the months ahead after …
New Zealand manufacturing sector again edges lower in August
WELLINGTON (Reuters) – New Zealand’s manufacturing sector contracted again in August and is well below its long-term average, a survey showed on Friday. The Bank …
U.S. manufacturing sector stabilizing at weaker levels in August – ISM
WASHINGTON (Reuters) – U.S. manufacturing contracted for a 10th straight month in August, but the pace of decline continued to slow, suggesting that the sector …
French manufacturing downturn steeper than initial estimate in August – PMI
PARIS (Reuters) – France’s manufacturing sector contracted for the seventh month in a row and at a slightly sharper pace than initially forecast in August, …
Turkish manufacturing contracts in August -PMI
ISTANBUL (Reuters) – Turkish factory activity contracted for a second month in August due to a slowdown in new orders as firms faced challenges securing …
U.S. Mid-Atlantic manufacturing sky-rockets to 16-month high
By Safiyah Riddle (Reuters) – Manufacturing activity in the U.S. Mid-Atlantic region grew at its strongest pace since April 2022 in August, according to a …
Motor vehicles lift US manufacturing output in July
WASHINGTON (Reuters) – Production at U.S. factories unexpectedly rebounded in July as motor vehicle output surged, but activity continues to be hamstrung by higher borrowing …
Cummins misses profit expectations on high manufacturing costs
(Reuters) – Engine maker Cummins reported a second-quarter profit on Thursday that missed analysts’ estimates, hurt by high manufacturing costs. The company’s shares fell 3.8% …
US manufacturing shows signs of stabilizing at lower levels in July, ISM says
WASHINGTON (Reuters) – U.S. manufacturing appeared to stabilize at weaker levels in July amid a gradual improvement in new orders, but factory employment dropped to …
‘Ugly figures’ as German manufacturing slumps in July -PMI
BERLIN (Reuters) – The downturn in Germany’s manufacturing sector deepened at the start of the third quarter as goods producers recorded sharper declines in new …
Decline in UK manufacturing orders eases in July: CBI
LONDON (Reuters) – British manufacturing orders declined in July at the weakest rate this year, while expectations for increases in selling prices cooled further, an …
US manufacturing output falls in June; rebounds in second quarter
WASHINGTON (Reuters) – Production at U.S. factories unexpectedly fell in June, but rebounded in the second quarter as motor vehicle output accelerated after two straight …
Senator Testa Applauds Additional Funding for Manufacturing Voucher Program
Sen. Michael Testa commended Governor Murphy for providing additional funding for the New Jersey Manufacturing Voucher Program.
Biden Boasts About Bringing Back Manufacturing While Subsidizing Foreign-Made EVs
Biden Boasts About Bringing Back Manufacturing While Subsidizing Foreign-Made EVs Nick Pope on July 11, 2023 President Joe Biden’s electric vehicle (EV) policies are subsidizing …
Biden Takes Victory Lap On Manufacturing Policy, But Data Paints Bleaker Picture
Biden Takes Victory Lap On Manufacturing Policy, But Data Paints Bleaker Picture Nick Pope on July 7, 2023 President Joe Biden delivered a Thursday speech …
Samsung Biologics unveils $920 million manufacturing deals for Pfizer
SEOUL (Reuters) – South Korea’s Samsung Biologics announced on Tuesday two deals with Pfizer worth around a combined 1.2 trillion won ($921.38 million) to manufacture …
German manufacturing shrinks in June as demand weakens-PMI
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in more than three years in June, with both output and new orders falling, …
Italy’s manufacturing shrinks at steepest rate since COVID lockdowns – PMI
ROME (Reuters) – Italy’s manufacturing sector contracted in June at the steepest rate in over three years, a survey showed on Monday, signalling a recession …
German services sector growth eases in June, manufacturing slumps -flash PMI
BERLIN (Reuters) – German business activity slowed notably this month as growth in the services sector decelerated and a slump in manufacturing deepened, a preliminary …
Chipmaker Intel restructures manufacturing business
(Reuters) – Intel Corp said on Wednesday its manufacturing business will work like a separate unit and will begin to generate a margin, but gave …
US manufacturing output barely grows in May
WASHINGTON (Reuters) – Production at U.S. factories almost stalled in May as manufacturing struggled under the weight of higher interest rates, data showed on Thursday. …
China industry minister, Siemens CEO discuss digital manufacturing, development
BEIJING (Reuters) – China’s industry minister met Siemens’ chief executive on Wednesday and discussed intelligent manufacturing, digital economy development and the digital transformation of small …
Rio Tinto inks deal to bring iron ore rail car manufacturing to Pilbara
(Reuters) – Mining giant Rio Tinto said on Tuesday it will partner with Western Australia-based Gemco Rail to bring local iron ore rail car manufacturing …
Harley-Davidson to run limited motorcycle manufacturing at its York facility
(Reuters) – Harley-Davidson said on Monday the motorcycle maker will be running limited motorcycle manufacturing operations at its York facility after being notified of an …
U.S. manufacturing slumps further in May; employment picks up -ISM
WASHINGTON (Reuters) – U.S. manufacturing contracted for a seventh straight month in May as new orders continued to plummet amid higher interest rates, but factories …
German manufacturing shrinks at fastest in 3 years in May -PMI
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in three years in May and output fell for the first time in four …
Irish manufacturing activity shrinks at fastest in 3 years in May
DUBLIN (Reuters) – Irish manufacturing activity shrank at its fastest pace in three years in May on sharp falls in output and new orders that …
US manufacturing production surges in April on motor vehicles
WASHINGTON (Reuters) – Production at U.S. factories surged in April, driven by an increase in output at motor vehicle plants, but manufacturing continues to be …
German manufacturing contracts in April but output ticks up -PMI
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in almost three years in April, although firms increased output slightly as their supply …
French manufacturing contracts further in April – final PMI
PARIS (Reuters) – France’s manufacturing sector contracted further in April as new orders fell and the impact of protests against the government’s plans to increase …
Manhattan Man Indicted for Ghost Gun Manufacturing and Narcotics Production
MANHATTAN, NY – Manhattan District Attorney Alvin L. Bragg, Jr., and New York City Police Commissioner Keechant L. Sewell announced today the indictment of Christopher …
China’s Xpeng aims to cut costs with new vehicle manufacturing platform
SHANGHAI (Reuters) – China’s electric vehicle (EV) maker Xpeng unveiled on Sunday a new platform it developed in-house for making vehicles, which it said will …
Boeing 737 MAX manufacturing issue expected to “impact” Southwest Airlines
(Reuters) – Southwest Airlines expects an ongoing Boeing 737 MAX manufacturing problem to delay some plane deliveries this year, Southwest said Friday. “We are in …
Biden’s ‘Green’ Manufacturing Plan Is Running Into a Huge Problem: Report
Biden’s ‘Green’ Manufacturing Plan Is Running Into a Huge Problem: Report John Hugh DeMastri on April 13, 2023 President Joe Biden’s push to boost “green” …
Location, location, location: U.S. manufacturing boom has a real estate problem
By Timothy Aeppel, Ben Klayman and Nichola Groom (Reuters) – Volkswagen’s off-road brand Scout Motors studied 74 different parcels of land across the U.S. last …
Intel to work with Arm on chip manufacturing compatibility
By Stephen Nellis (Reuters) – Intel Corp on Wednesday said its chip contract manufacturing division will work with U.K.-based chip designer Arm Ltd to ensure …
Queens man pleads guilty in ghost gun manufacturing case
NEW YORK, NY – Yesterday, Andrew Chang, 35, of Bayside, Queens, pleaded guilty to criminal possession of a weapon in the second degree stemming from …
German manufacturing activity downturn deepened in March -PMI
BERLIN (Reuters) – German manufacturing activity shrank in March at the fastest pace in almost three years, a survey showed on Monday. S&P Global’s final …
China to boost support for high-end manufacturing – Premier Li
BEIJING (Reuters) – China will strengthen its policy guidance to support advanced manufacturing, Premier Li Qiang was quoted as saying by state radio on Wednesday. …
Mexico finds ‘serious irregularities’ in labor probe at VU Manufacturing
MEXICO CITY (Reuters) – Mexico’s government on Thursday said it concluded there were “serious irregularities” hindering free association and collective bargaining at U.S. auto parts …
GE plans to invest over $450 million to upgrade U.S. manufacturing in 2023
(Reuters) – General Electric said on Thursday it plans to invest more than $450 million in its existing manufacturing facilities in the United States this …
France’s manufacturing sector shrinks in Feb as export demand weakens -PMI
PARIS (Reuters) – Activity in France’s manufacturing sector declined in February, after stabilising the previous month, due in part to worsening export demand, a survey …
Italy’s manufacturing sector sees growth pick up in Feb -PMI
ROME (Reuters) – Growth in Italy’s manufacturing sector gathered speed in February, helped by a rise in output and a return to expansion of new …
Turkish manufacturing activity barely grows in February as quake disrupts production
ISTANBUL (Reuters) – Turkish factory activity expanded very slightly in February as massive earthquakes impacted the sector as some firms suspended production resulting in a …
Marketmind: China manufacturing PMI, Aussie GDP top data deluge
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A bumper data dump on Wednesday kicks off …
Swiss economic growth flat in Q4 as exports and manufacturing drop
ZURICH (Reuters) – The Swiss economy showed no growth in the fourth quarter of 2022, the government said on Tuesday, as a “challenging international situation” …
Philadelphia Fed manufacturing gauge plunges unexpectedly
(Reuters) – Manufacturing activity in the Mid-Atlantic region dropped off sharply and unexpectedly in February, and goods producers reported input cost increases accelerated for the …
U.S. manufacturing output surges in January
WASHINGTON (Reuters) – Production at U.S. factories rebounded in January, but output in the prior month was much weaker than initially thought amid higher borrowing …
Japan to restrict chip manufacturing machine exports to China – Kyodo
TOKYO (Reuters) – Japan’s government will begin restricting exports of advanced semiconductor manufacturing equipment to China in Spring after it amends a foreign exchange law …