Category: industrial output

America’s Business Activity Slump Deepens as Manufacturing and Services Contract More Than Expected

November 24, 2022
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…

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Germany Seen Tipping Into Recession as Factory Output Suffers Sharp Drop: Economists

May 6, 2022
Business & EconomyeconomyEuropeGermanyindustrial outputInternationalInvestmentMarketsrecessionRussia-Ukraine WarWorld
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Germany may be tipping into a recession amid a sharp drop in industrial production as many German firms faced difficulties completing orders due to supply chain snarls caused by ongoing pandemic restrictions and the Ukraine war. Data released on May 6 by Germany’s Federal Statistics Office showed that industrial output fell 3.9 percent month-over-month in…

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