TOKYO— Japan’s manufacturing activity grew for an 11th straight month in December, but at a slower pace than in the prior month as output and new order growth softened while cost pressures stayed elevated. Businesses benefited from the weakening impact of the coronavirus pandemic as they shook off some of the drag of the health…
Euro Zone Factory Growth Stayed Strong in December as Supply Issues Eased: PMI
LONDON—Manufacturing activity in the euro zone remained resilient at the end of 2021 as factories took advantage of an easing in supply chain bottlenecks and stocked up on raw materials at a record pace, a survey showed. The global coronavirus pandemic had left factories struggling to get the materials they need and sent costs soaring,…
Durable Goods Orders Rise Above Forecasts in November but Business Spending Gauge Edges Down
U.S. orders of durable goods—products designed to last at least three years—jumped by a forecast-beating 2.5 percent in November, delivering a positive signal for the economy heading into 2022, but a measure reflecting business spending plans fell, suggesting shortages were crimping capital investment. New orders for U.S.-manufactured durable goods in November rose $6.5 billion, or…
US Manufacturing Production Near Three-Year High in November
December 16, 2021
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WASHINGTON—Production at U.S. factories increased to its highest level in nearly three years in November as output rose across the board, providing a powerful boost to economy as the year ends. The manufacturing output index climbed 0.7 percent last month to 100.6, the highest level since January 2019, the Federal Reserve said on Thursday. That…
New York Fed Manufacturing Survey Shows Ongoing ‘Substantial’ Price Rises and Elevated Future Inflation Expectations
New York state manufacturing activity rose more than expected in December, according to a Federal Reserve Bank of New York report, which also noted the persistence of “substantial” inflationary pressures as both the current and future input price and selling price gauges remaining close to record highs. The headline general business index in the New York…
NY Fed Manufacturing Survey Shows Ongoing ‘Substantial’ Price Rises, Elevated Future Inflation Expectations
New York state manufacturing activity rose more than expected in December, according to a Federal Reserve Bank of New York report, which also noted the persistence of “substantial” inflationary pressures as both the current and future input price and selling price gauges remaining close to record highs. The headline general business index in the New York…
COVID-19 Rattles Major Chinese Manufacturing Province
December 14, 2021
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SHANGHAI—Multiple companies have suspended operations in one of China’s biggest and busiest manufacturing hubs as authorities double down to contain a COVID-19 outbreak, halting some production of goods from batteries and clothing to textile dyes and plastics. Tens of thousands are in quarantine and some domestic flights have been suspended as a national health official…
Toyota to Build $1.29 Billion Battery Manufacturing Plant for Electrified Vehicles in North Carolina
December 7, 2021
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Toyota will build a new $1.29 billion automotive battery manufacturing plant for electrified vehicles in North Carolina, the company announced Monday afternoon. The battery manufacturing plant, to be named Toyota Battery Manufacturing, is set to open in 2025 at the North Carolina Greensboro-Randolph “Megasite,” the company said in a statement. Toyota expects the facility to have four…
Long-Run Inflation Expectations Rise Among Manufacturers in Sign of More Persistent Price Pressures
November 19, 2021
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A regional Fed report on manufacturing activity paints a picture of more persistent inflation, with prices paid and received indexes near their all-time highs and producer expectations for the long-run inflation rate seeing a relatively sharp uptick. The Philadelphia Federal Reserve Bank’s November 2021 Manufacturing Business Outlook Survey, released Nov. 18, shows that manufacturing activity…
US Manufacturing Output Races to 2–1/2-Year High
WASHINGTON—Production at U.S. factories rebounded more than expected in October as the drag from Hurricane Ida faded and motor vehicle output picked up, but manufacturing continues to be constrained by shortages of raw materials and labor. Manufacturing output surged 1.2 percent last month to its highest level since March 2019, after falling 0.7 percent in…
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