NEW DELHI—Ford Motor Co. will stop making cars in India and take a hit of about $2 billion because it does not see a path to profitability in the country, becoming the latest automaker to leave the major growth market dominated by Asian rivals. The U.S. carmaker entered India 25 years ago but still has…
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…
Factories Hit By Pandemic-Related Supply Disruptions
Global factory activity lost momentum in August, just one day after GDP data showed robust manufacturing growth in the first quarter of the current financial year, according to the latest survey of purchasing managers by data firm IHS Markit. The survey (pdf) found that production, delivery, and distribution schedules all experienced substantial delays in August as the ongoing…
Producer Selling Price Gauge Hits Record High Even as Business Activity Softens: New York Fed
Business activity in New York State expanded at a significantly slower pace in August than in the prior month, even as input prices rose sharply and the pace of selling price increases set a record high, painting a picture of softening business conditions combined with high inflationary pressures. The New York Federal Reserve’s monthly Empire…
A Take on Recent Money Flows Into China
Commentary Foreign direct investment (FDI) into China has picked up markedly in this post-pandemic environment. It has even surpassed foreign investment into the United States, a fact over which the American media has made much. Because most media coverage has used this information to continue its silly practice of turning everything about economics—about everything—into something…
Victorian Government Pledges $1B to Build New 25 Trains
The Victorian Labor government has pledged almost $1 billion from the state budget to build 25 new “reliable and energy” efficient trains. Speaking in Ballarat on May 18, acting premier James Merlino said the state government’s project would create almost 750 jobs—including 150 jobs at Ballarat’s Alstom factory—in manufacturing and across the supply chain in…
Industry Says Feds Not Doing Enough to Fortify Supply Chains, Manufacturing
Industry participants in the supply chain for products vital to Canada’s long-term economic success and security say Budget 2021 did not go far enough to ensure the country remains resilient and globally competitive
US Manufacturing Sector Index Races to 37-year High in March: ISM
WASHINGTON—A measure of U.S. manufacturing activity soared to its highest level in more than 37 years in March, driven by strong growth in new orders, the clearest sign yet that a much anticipated economic boom was probably underway. The Institute for Supply Management (ISM) said on Thursday its index of national factory activity jumped to…
NTD Business Full Broadcast (April. 1)
U.S. manufacturing activity soared last month, it’s the highest level in nearly four decades. Factories seeing a surge in new orders. But what does the recovery mean for prices? Major American producers say their costs are up and someone’s gotta pay for them. As SPACs surge in popularity, the SEC grows more and more concerned,…
UK Manufacturing Shows New Signs of Life in March: CBI
LONDON—British manufacturing showed clear signs of revival in March as a gauge of new orders rose to its highest in almost two years and companies became increasingly optimistic about future output, a survey showed on Tuesday. The Confederation of British Industry’s (CBI) monthly order book balance rose in March to -5, the highest reading since…
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