BEIJING—China’s factory gate inflation hit a 13-year high in August driven by roaring raw materials prices despite Beijing’s attempts to cool them, putting more pressure on manufacturers in the world’s second-largest economy. The producer price index (PPI) rose 9.5 percent from a year earlier in August, the National Bureau of Statistics (NBS) said on Thursday,…
China’s Factory Inflation Hits 13-year High as Materials Costs Soar
US Manufacturing Activity Ticks Up, Beating Forecasts: ISM
Strong order growth in America’s manufacturing sector pushed the Institute for Supply Management’s (ISM) factory activity gauge above forecasts, though a measure of factory employment fell to a nine-month low as firms reported difficulties hiring workers. At the same time, while the ISM’s prices paid by manufacturers gauge saw a decline in August, suggesting a softening…
Nestlé and Other Brands Recall Ice Cream Contaminated With Carcinogenic Substance
By Entrepreneur Staff A statement from FACUA-Consumidores en Acción reported that the Froneri ice cream factory in Spain—responsible for Nestlé, Milka, Toblerone, Nuii, Oreo, Princesa, La Lechera, and Smarties products—accidentally contaminated several batches with ethylene oxide, a gas used as an antifreeze that is flammable and has carcinogenic effects. From the Swiss multinational brand, there are…
52 Dead in Bangladesh Factory Fire as Workers Locked Inside
DHAKA, Bangladesh—A fire engulfed a food and beverage factory outside Bangladesh’s capital, killing at least 52 people, many of whom were trapped inside by an illegally locked door, fire officials said Friday. The blaze began Thursday night at the five-story Hashem Foods Ltd. factory in Rupganj, just outside Dhaka, sending huge clouds of black smoke…
California Factories Likely to Reach Pre-Pandemic Levels by July, says Chapman Survey
April 8, 2021
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Commentary The manufacturing sector in California is expected to be fully healed by the end of June, according to a recently-released survey of California Purchasing Managers. The survey was performed by Chapman University in Orange, Calif. “The recovery of the manufacturing sector in California from the devastation of COVID-19 will be complete in the second…
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