Category: Manufacturing

January 26, 2023

The Society of Motor Manufacturers and Traders (SMMT) had already reported how the sale of new vehicles in 2022 was severely damaged by the lack of key components, particularly semiconductor chips. COVID-led supply chain disruption harmed the ability of UK […]

December 15, 2022

U.S. retail spending and manufacturing weakened in November, signs of a slowing economy as the Federal Reserve continues its battle against high inflation. November retail sales fell 0.6% from the prior month for the biggest decline this year, the Commerce […]

September 21, 2022

UK manufacturers reported a marginal fall in production in the three months to September but they expect a much sharper decline over the coming three months, monthly Industrial Trends Survey from the Confederation of British Industry and Accenture showed Wednesday. […]

September 1, 2022

Last month’s output saw its largest contraction since the height of the pandemic in May 2020, according to the latest S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI). The index dropped to 47.3 from 52.1 in July – numbers above […]

August 1, 2022

The S&P Global/CIPS UK Manufacturing PMI scored 52.1 in July – the lowest for 25 months and down from 52.8 in June. Any number above 50 is seen as growth, so it means that the sector is still growing, albeit […]

August 1, 2022

Growth at U.S. manufacturing companies was its weakest in two years in July, but inflationary pressures showed signs of cooling as commodity prices eased, according to surveys of purchasing managers released Monday. The Institute for Supply Management’s index of U.S. […]

July 8, 2022

China’s car sales rose almost 23% in June from a year earlier as production recovered in lockdown-hit Shanghai to meet pent-up demand and government cash incentives stimulated purchases in the world’s biggest auto market. Sales for passenger cars also rose […]

July 5, 2022

Registrations of new cars plummeted about 24% last month compared with June 2021, according to the Society of Motor Manufacturers and Traders (SMMT). Manufacturers have had problems fulfilling orders due to global shortages of semiconductors, the trade body said. The […]

July 1, 2022

Senate Republican leader Mitch McConnell threatened Thursday to derail a bill designed to boost semiconductor manufacturing in the United States if Democrats revive their stalled package of energy and economic initiatives. The rejuvenation of the Democratic reconciliation package, central to […]

June 16, 2022

Lego Group plans to build a US factory in Chesterfield County, Virginia, to better supply one of its biggest markets. The $1 billion investment will create almost 1,800 jobs, the Danish company said. Sales for the world’s largest toy maker […]

June 14, 2022

U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no sign of slowing. Thursday’s report from the Labor Department showed that the producer price index — which […]

June 8, 2022

Over the past 15 years, Rolls-Royce (LSE: RR) has lurched from disaster to disaster and shareholders have had to bear the pain. The stock has produced an awful total return (ie including dividends) of -1.2% per year over the past […]

June 3, 2022

The National Highway Traffic Safety Administration (NHTSA) said they are investigating the issue, which has been reported by 750 people, as the company’s founder Elon Musk said he has a “super bad feeling” about the economy and needs to cut […]

April 18, 2022

A global computer chip shortage has made it harder for consumers to get their hands on cars, computers and other modern-day necessities, so Congress is looking to boost chip manufacturing and research in the United States with billions of dollars […]

April 8, 2022

Economists and analysts are skeptical that a Biden administration push to increase domestic manufacturing will have the White House’s intended effect of meaningfully taming inflation. Administration officials have said that increasing domestic manufacturing would insulate the U.S. from the kinds […]

April 6, 2022

German carmaker Volkswagen (DE:VOWG_p) will axe many combustion engine models by the end of the decade and sell fewer cars overall to concentrate on producing more profitable premium vehicles, its finance chief was quoted as saying on Wednesday. “The key […]

March 15, 2022

A decade after Mazda Motor (OTC:MZDAY)’s cars disappeared from Ford Motor (NYSE:F)’s factory floors in Michigan, the Japanese automaker is once again building in the United States – this time with compatriot Toyota Motor (NYSE:TM). When the first Mazda CX-50 […]

March 8, 2022

The price of copper, just about the most important industrial metal hit an all-time high of $10,070 per tonne on the London Metal Exchange on Monday, while aluminium, another metal with wide industrial applications, also touched a record high. Zinc, […]

January 24, 2022

Manufacturing data continues its strong run whereas services had dipped below the 50 mark in December, indicating a more pessimistic outlook for the services sector. Today’s surprise in the data places the services sector above the 50 mark once again. […]

January 24, 2022

Ford will temporarily pause orders for its Maverick pickup truck as it works to meet huge demand for the new, $20,000 model. Customers will be able to reserve a 2022 Maverick until Thursday evening, a Ford spokesperson told Insider. After […]