News Analysis Chip sales in China have tumbled at a whopping rate, as productivity in the semiconductor-related sector has contracted dramatically, indicating that the country’s manufacturing industry is shrinking, according to the latest industrial report. The Washington-based Semiconductor Industry Association (SIA) released data on Jan. 9 indicating that compared to the same period in 2021,…
America’s Business Activity Slump Deepens as Manufacturing and Services Contract More Than Expected
November 24, 2022
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Business & Marketsbusiness activityeconomic outputeconomyindustrial outputManufacturing IndustryrecessionU.S. economic growthUS
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Business activity in the United States fell in November for the fifth consecutive month, with the manufacturing and service sectors registering declines according to a recent report by S&P Global. The Flash US PMI Composite Output Index was at 46.3 in November, down from 48.2 at the beginning of the fourth quarter, according to a…
Factory Activity Shrinks, Employment Index Falls Into Recession Territory for First Time Since Pandemic
November 22, 2022
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Business & Marketseconomic recessioneconomymanufacturing indexManufacturing Industryrecessionrichmond manufacturing indexUS
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A regional index of manufacturing activity in the fifth district showed a decline for the second straight month, according to a recent report by the Federal Reserve Bank of Richmond, indicating economic recession in the overall economy. “The composite manufacturing index remained negative but edged up from -10 in October to -9 in November,” said…
Business Equipment Spending Plunges in an Ominous Sign for US Economy
October 27, 2022
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Business & Marketscapital goods orderseconomymanufacturing indexManufacturing IndustryMarketsNational Association of ManufacturersrecessionUS
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Spending on business equipment fell in the month of September amid an overall decline in manufacturing activity, signaling a lack in business confidence across the economy. Core capital goods orders—non-defense capital goods orders excluding aircraft—fell by 0.7 percent in September, to $74.77 billion from $75.33 billion in the previous month, according to an Oct. 27…
New York Manufacturing Activity Plunges as Key Gauge Sees Second Biggest Monthly Drop in History
August 16, 2022
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Business & MarketseconomyEmpire State Manufacturing SurveyLocal NewsManufacturing IndustryNew YorkNew York Federal ReserverecessionRegional-Local Newssupply chain issuesUS
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Manufacturing activity in the New York area suffered a setback in August, according to the New York Federal Reserve. The general business conditions index declined by 42 points, to minus 31.3 in August, data from the Fed’s Empire State Manufacturing Survey results for August show. This is the second biggest monthly decline in the index’s…
NY Manufacturing Activity Plunges as Key Gauge Sees 2nd Biggest Monthly Drop in History
August 16, 2022
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Business & MarketseconomyEmpire State Manufacturing SurveyLocal NewsManufacturing IndustryNew YorkNew York Federal ReserverecessionRegional-Local Newssupply chain issuesUS
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Manufacturing activity in New York state tumbled in August, according to the New York Federal Reserve. The general business conditions index plunged by 42 points, to minus 31.3, data from the Fed’s Empire State Manufacturing Survey results for August show. That’s the second biggest monthly decline in the index’s history and also one of its…
Manufacturing Association Maintains Climate Litigation Is Federal Matter Not One For States
April 14, 2022
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climate changeclimate litigationeconomyEnergy policyManufacturing IndustryNational Securityoil companiesPolicies & ImpactsPoliticsSocial IssuesUSUS News
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The Manufacturers’ Accountability Project (MAP) has criticized the United States 4th Circuit Court of Appeals’ April 6 ruling that remanded a climate change lawsuit—lodged by Baltimore against multinational oil companies—to state rather than federal courts for resolution. The unanimous ruling by a three-judge panel “misses the real issue here,” MAP special counsel Phil Goldberg said…
Bring Manufacturing Jobs Back Home: Australian Manufacturing Union
The Australian Manufacturing Workers Union has launched a new campaign to bring manufacturing back onshore, by calling on the government to support their local producers. The campaign argues that the federal and state governments have been hurting Aussie manufacturers by sending jobs overseas, “time and time again,” while neglecting investment into skilled local manufacturing workers. They…
Bring Jobs Back Home: Australian Manufacturing Union
The Australian Manufacturing Workers Union has launched a new campaign to bring manufacturing back onshore, by calling on the government to support their local producers. The campaign argues that the federal and state governments have been hurting Aussie manufacturers by sending jobs overseas, “time and time again,” while neglecting investment into skilled local manufacturing workers. They…
China Needs 30 More Years to Become a Manufacturing Powerhouse, CCP Official Admits
A senior Chinese Communist Party (CCP) official recently admitted that because China’s manufacturing industry was limited by China’s social system, a lack of talents, and other factors, and because key technologies were controlled by “others,” China needs at least 30 years to achieve the goal of becoming a manufacturing powerhouse. The statement was made by Miao…
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