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The new landscape for manufacturing
The new landscape for manufacturing
Even for micro businesses, how things get made can be shaped by macro trends and geopolitics. Now small-scale producers are taking back control.
The new landscape for manufacturing
European factories racing as Asian manufacturers see momentum weaken
European factories racing as Asian manufacturers see momentum weaken
LONDON/TOKYO (Reuters) -European factories continued to ramp up their post-lockdown recovery in June but Asian manufacturers saw momentum weaken amid rising input costs and the reintroduction of curbs to combat a new wave of coronavirus infections, surveys showed. Czech and Polish manufacturing hit a record pace of activity for the second month in a row as orders rose and economies opened up again. But manufacturing activity grew at a slower pace in China and Japan as raw materials rose, while activity shrank in Vietnam, Malaysia and India, where governments imposed tougher restrictions to contain fresh coronavirus outbreaks.
European factories racing as Asian manufacturers see momentum weaken
U.S. durable goods orders drop 1.3% in April
U.S. durable goods orders drop 1.3% in April
WASHINGTON (AP) — U.S. orders for big-ticket manufactured goods dropped unexpectedly in April for the first time in 11 months as a shortage of computer chips disrupted auto production. The Commerce Department reported Thursday that orders for factory goods meant to last at least three years fell 1.3% in April after rising 1.3% in March.
U.S. durable goods orders drop 1.3% in April