The U.S. manufacturing industry contracted for the third month in a row in January, and remained below a key threshold that is consistent with a recession in the broader U.S. economy. On Wednesday, the Institute for Supply Management (ISM) announced that its Purchasing Managers Index (PMI) for manufacturing dropped to 47.4 in January. The new manufacturing…
US Manufacturing Falls Deeper Into Recession, Factory Data Show
The American manufacturing sector fell deeper into recession last month, according to the latest factory data. December saw manufacturing slow to its slowest pace since the start of the pandemic, as demand remained low and production began to weakened, according to data from the Manufacturing ISM Report On Business® and the S&P Global U.S. Manufacturing PMI…
US Manufacturing Orders Fell in December, Says Commerce Department, Despite Rise in Shipments
February 4, 2022
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Manufacturing orders for U.S.-made goods fell slightly more than expected in December, according to a Feb. 3 report from the Commerce Department. U.S. manufacturers, which account for 11.9 percent of the economy, are being underpinned by businesses replenishing low stocked inventories. Factory orders fell by 0.4 percent in December, while data for November was revised…
Climate Change and the Energy Transition Demand a US Mining Revolution
May 25, 2021
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American Jobs Planbidenclimate changeenergyminingOpinionraw materialsU.S. manufacturingU.S. miningViewpoints
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Commentary “Today, the data shows a looming mismatch between the world’s strengthened climate ambitions and the availability of critical minerals that are essential to realizing those ambitions,” says Fatih Birol, executive director of the International Energy Agency (IEA). Yet the United States and the world are in the midst of a great “energy transition” to fight…
In the Face of Most Democrats’ Opposition, US Steel Cancels a Billion-Dollar Investment
May 11, 2021
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Commentary BRADDOCK, Pennsylvania—Exactly two years ago, U.S. Steel Corporation announced that the company would turn its Mon Valley Works operations into a key source of lightweight steel for the automotive industry. At the time, local leaders and company officials called the investment “transformational.” It involved a whopping $1.5 billion upgrade to the three Mon Valley…
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