Category: Manufacturing
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US manufacturing output accelerates in December
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WASHINGTON (Reuters) – U.S. manufacturing output rose in December, likely with output at Boeing Co rising after a strike by factory workers at the aerospace giant ended. The Federal Reserve (US central bank) said on Friday that factory production increased 0.6% last month after an upwardly revised 0.4% rebound in…
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UK manufacturing chills as tax rises stifle demand
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Looming tax rises and persistent cost pressures are sending a ‘winter chill’ into Britain’s factories, as new data reveals the weakest growth in the manufacturing sector in 11 months. The final global Purchasing Managers’ Index (S&P) for December fell to 47 – down from 48 in November and below the…
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Pound sinks to nine-month low as recession fears grip UK manufacturing
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The pound fell to its lowest level since April after stark warnings from an influential survey that Britain could be on the brink of an industrial recession. The pound fell 1% against the dollar on Thursday, falling below $1.24, amid growing fears the UK economy is faltering. In stark contrast,…
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Research suggests Trump tariffs could hinder U.S. manufacturing investment
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Protectionist trade policies, such as those proposed by Donald Trump, may inadvertently hurt U.S. manufacturing companies by increasing input costs, leading to lower investment, according to a study by the Frankfurt School of Finance and Management. Since tariffs are central to Trump’s economic vision, manufacturers could face higher costs on…
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Why Taiwan Semiconductor Manufacturing Stock Stumbled Monday Morning
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shares Taiwan Semiconductor Co., Ltd Manufacturing company (NYSE: TSM)TSMC, known as TSMC, fell on Monday morning, falling as much as 4%. As of 11:02 a.m. ET, the stock was still down 3.9%. The events that happened this weekend and the comments he made Specialized in semiconductors The founder put some…
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U.S. September ISM Manufacturing PMI Prices Index Contracted for the First Time This Year
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The September US ISM Manufacturing PMI survey came in weaker than expected, with the index remaining flat at 47.2 to reflect the same pace of industry contraction rather than improving to expectations of 47.6. This was the sixth month in a row that the index remained below 50.0, with the…
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ICYMI – J.P. Morgan Global Manufacturing PMI signals contraction for 3rd consecutive month
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The JPMorgan/S&P Global Market Global Manufacturing PMI was published Tuesday night, reaching 48.8 in September. Output, new orders, employment and inventories of purchases declined, contributing to the contraction. Suppliers’ delivery times were the only element that made a positive contribution. Manufacturing output fell for the first time in 2024 due…
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FX Watch: NZD/USD’s Trend Opportunity Ahead Of The U.S. ISM Manufacturing PMI
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The NZD/USD pair is having trouble extending its downtrend since it reached a potential support zone! Profit taking after last week’s extended moves may have pulled the NZD/USD down from highs at 0.6375. To make matters worse, this JPow was not as pessimistic as the markets expected, and only saw…
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Japan Jibun Bank September Manufacturing PMI (final): 49.7 (prior was 49.8)
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Japan Manufacturing PMI for September 2024, final from S&P Global/Jibun Bank. Another shrinkage result. Primary here: Key points in the report: Production levels fall for the second time in three months The slowest rise in employment levels in the current seven-month sequence Excise duty inflation reaches its lowest levels since…
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China Caixin September Manufacturing PMI 49.3 (prior 50.4) Services 50.3 (prior 51.6)
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China PMIs from own survey These are not good results, but they are old and outdated news now given all the stimulus announcements from China in the past week. previously: China official PMI data: manufacturing 49.8 (49.5 expected) — — China has two primary Purchasing Managers’ Index (PMI) surveys –…
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Australia preliminary Sept PMI: Manufacturing 46.7 (prior 48.5) Services 50.6 (prior 52.5)
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The preliminary Australian manufacturing PMI from S&P Global Platts slips deeper into contraction at 46.7 Services decline but remain in expansion at 50.6 The composite index declined due to a decline in the manufacturing PMI, with the composite index recording 49.8. Summary of the report commentary: Manufacturing sector shrinks, registering…
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Jabil plans to set up electronics manufacturing unit in Tiruchirapalli, creating 5K jobs
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JHVEPhoto/iStock Editorial via Getty Images ByblosNew York Stock Exchange: JBL) Signed an MoU with the Government of Tamil Nadu to expand operations in Tiruchirappalli, India, at an investment of Rs. 2,000 crore. The agreement, signed in Chicago, aims to establish Jabil as a major manufacturing hub in India, complementing its…
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U.S. August ISM Manufacturing PMI Remained in Contraction Despite Uptick in Prices
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The US ISM manufacturing PMI for August came in at 47.2, up from the previous month’s reading of 46.8 but below the consensus of 47.5, reflecting a slowdown in the pace of manufacturing contraction. The report’s components revealed that the price index rose from 52.9 to 54.0, while the employment…
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The August ISM manufacturing index is due on Tuesday
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ISM Manufacturing US markets are closed on Monday for Labor Day but will be back in action on Tuesday with some important economic data. The highlight is the August ISM Manufacturing Index at 10 a.m. ET. In July, the survey results were disappointing, falling to 46.8 points compared to the…
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China Caixin Manufacturing PMI August 2024: 50.4 (expected 50.0, prior 49.8)
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Over the weekend, we got the official PMIs: China Manufacturing PMI for August 49.1 (49.5 expected), Services 50.3 (50.0 expected) More details: The Caixin S&P Global Manufacturing Purchasing Managers’ Index was much better, at 50.4. From the report, in brief: Demand rose as total new orders resumed growth, with demand…
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Australia August Manufacturing PMI 48.5 (prior 47.5)
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Australia – Judo Bank/S&P Global Manufacturing PMI for August 2024, comes in at three-month high of 48.5 Previous 47.5 Quick read here: Australia PMI Flash August: Manufacturing 48.7 (previous 47.5) Services 52.2 (previous 50.4) Comment on the report, in summary: Not a manufacturing recession, but a prolonged soft landing. Capacity…
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China August Manufacturing PMI 49.1 (expected 49.5), Services 50.3 (expected 50.0)
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Official China PMI for August 2024 from the National Bureau of Statistics (NBS) More to come — The Chinese economy has shown, and continues to show, an uneven and unbalanced recovery. Key areas of concern include: Uncertain outlook for debt-ridden real estate sector Consumer confidence and demand decline Excess manufacturing…
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Wolfspeed forecasts weak first-quarter revenue on manufacturing issues
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(Reuters) – Wolfspeed Corp on Wednesday forecast lower-than-expected first-quarter revenue, anticipating manufacturing issues that could impact its production capacity amid slowing sales of electric vehicles. However, shares of the chipmaker rose about 6% in extended trading, as CEO Greg Lowe said the company continues to see strong growth from its…
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ICYMI – the J.P. Morgan Global Manufacturing PMI fell to 49.7 in July from 50.8 in June
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The latest JPM Global Manufacturing PMI was released on Thursday, falling below 50 in July, indicating a return to contraction. JPMorgan’s global manufacturing PMI fell to 49.7 in July from 50.8 in June. First contraction in 2024 so far, ending 6-month expansion streak Output growth slowed sharply, and new orders…
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China Caixin Manufacturing PMI for July 2024 49.8 (expected 51.5, prior 51.8)
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I have revised this result twice, as it has returned to contraction again after a good June. This was a major failure to meet expectations. This is its first contraction in nine months, and points to underlying problems in the Chinese economy. The PMI had performed better than the official…