Factory activity in New York state slumped in January amid a surge in COVID-19 infections, but manufacturers remained upbeat about business conditions over the next six months. The New York Federal Reserve said on Tuesday its “Empire State” index on current business conditions plunged 32.6 points to a reading of -0.7 this month. This was…
New York State Factory Activity Slumps in January Amid Omicron Surge
China December Factory Activity Edges Up Ahead of Economic Headwinds
December 31, 2021
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BEIJING—China’s factory activity unexpectedly accelerated in December, but only by a slim margin, an official survey on Friday showed, with analysts foreseeing more economic headwinds in the near term and policymakers being pressured to offer support measures. The official manufacturing Purchasing Managers’ Index (PMI) rose to 50.3 from 50.1 in November, data from the National…
China Factory Activity Rebounds in November, Slow Growth Pace Remains
November 30, 2021
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Business & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & Economyfactory activityFinance & Business Tiesnational bureau of statisticsPMISpecial Topics
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China’s factory activity picked up in November after two months of contraction, yet still the third lowest in about 20 months, despite the ease of mass power rationing and raw material price surges. China’s manufacturing purchasing managers’ index (PMI) for November was 50.1, up from 49.2 in October—the first time it exceeded the 50 mark…
China’s Factory Activity Falls in October, Producer Price Soars to ‘Years High’
October 31, 2021
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Business & EconomyChinaChina Business & EconomyEconomiesfactory activitynational bureau of statisticsPPI
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Beijing said China’s factory activity shrank for a second month in October, putting it down to power shortages, high raw material prices, and soft domestic demand. Meanwhile, authorities said producer prices have risen to “years high.” Oct. 31 data from the National Bureau of Statistics (NBS) show China’s purchasing managers’ index (PMI) for the manufacturing sector…
Texas Factory Activity Sees Solid Expansion But Supply Chain Woes Worsen
Overall factory activity in the Lone Star state continued to expand at a solid pace in September, though there was softening in some specific manufacturing gauges along with a rise in reports of supply-chain problems, according to a Dallas Fed survey. Texas business executives responding to the monthly Dallas Fed Texas Manufacturing Outlook Survey, released Sept….
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