Shore area man sentenced for drug manufacturing facility in Egg Harbor Township
MAYS LANDING, N.J. — A 32-year-old man from Egg Harbor Township was sentenced Monday to 15 years in New Jersey State Prison following his guilty plea to multiple weapons and drug charges…
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, a business survey showed on Friday. HCOB’s…
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 business, a survey showed on Friday. The…
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 report released on Thursday, as new orders…
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 costs. Manufacturing output increased 0.5% last month,…
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% to $252.20 in premarket trading. Increasing production…
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 a three-year low, suggesting that layoffs were…
‘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 orders, factory gate prices and output in…
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 industry survey showed on Tuesday. The Confederation…
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 quarterly declines. Manufacturing output dropped 0.3% last…
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 EVs assembled in Mexico as the president…
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 in South Carolina touting his administration’s push…
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 products for the U.S. pharmaceutical giant. The…
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, a survey showed on Monday. The HCOB…
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 ahead unless buoyant services can prop up…
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 survey showed on Friday. The HCOB German…
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 no clear timeline on when it will…
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. Manufacturing output edged up 0.1% last month,…
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 and medium-sized enterprises, the ministry said. The…
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 and bearing maintenance to the Pilbara region.…
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 issue with parts from a third-party supplier.…
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 boosted employment to a nine-month high. The…
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 months, a survey showed on Thursday. The…
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 reflected contractions in its global peers’ markets,…
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 constrained by higher interest rates. Manufacturing output…
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