Manufacturing Activity Slumped to 11-month Low in December
Supply chain constraints continue to weigh on manufacturing, the latest ISM PMI survey shows.
Supply chain constraints continue to weigh on manufacturing, the latest ISM PMI survey shows.
Demand fell as customers worked through inventory backlogs. Shortages continue to hinder the ability of manufacturers to produce finished goods.
A group of House Republicans is lobbying President Joe Biden’s United States Trade Representative (USTR) Katherine Tai to allow more “made in China” companies to apply for tariff exclusions, Breitbart News has learned.
Capacity utilization is running a bit hot compared with its post-financial crisis average, which may portend more inflation ahead.
Shortages, rocketing fuel prices, and record high cost inflation are weighing down the U.S. manufacturing sector.
Texas factories see a lot more inflation coming down the pipeline.
White House economists told America inflation would fade in the later months of 2021. Instead, prices are surging again.
The Igloo Products Corporation, known for producing ice chests, coolers, and other products, imported foreign visa workers to take United States manufacturing jobs over hiring qualified Americans, a Department of Justice (DOJ) investigation finds.
President Joe Biden’s Department of Commerce has sided with Chinese solar manufacturers who produce in Malaysia, Thailand, and Vietnam, denying a request to investigate the manufacturers for evading United States tariffs on Chinese products.
China’s state-run Global Times on Sunday was tremendously excited by the U.S. House of Representatives passing a $1.2 trillion infrastructure bill, because it expected the U.S. will quickly realize it no longer has the manufacturing capacity to build massive infrastructure projects without China’s help.
Buried inside the “infrastructure” bill is mention of China ‘s role in the supply chain needed to grow a fleet of electric vehicles in the U.S.
Chinese state media on Wednesday celebrated 20 years since China’s entry into the World Trade Organization (WTO).
Supply chain disruptions and labor scarcity drove productivity down much more than expected in the third quarter.
Supply chain problems are worsening and inflationary pressures are strengthening, according to the latest ISM manufacturing purchasing manager survey.
The Founders boldly threw down a nonimportation and exportation agreement against the greatest economic power on earth.
Although core capital goods orders expanded in September, much of that reflects inflation rather than real growth.
“Our customers are deluged with price increases,” a Texas manufacturer reported.
Democrats lost significant support in small-to-medium cities and towns in the Midwest which have been gutted by the decades-long globalization of the American economy.
Orders for durable goods rose by less than prices of durable goods in August, suggesting there may have been an output contraction as supply-chain disruptions still stymie growth.
No sign of inflation pressures becoming “transitory” in the New York Fed’s manufacturing survey.
Real hourly compensation fell at an annualized rate of 4.6 percent in the first quarter.
Texas manufacturing activity unexpectedly slowed significantly in August, data from the Federal Reserve Bank of Dallas showed Monday. The production index of the Dallas Fed’s Texas Manufacturing Outlook Survey plummeted to 20.8 in August from 31.0 in July. The index
Bidenflation spreading in the lastest manufacturing survey from the Kansas City Fed.
Manufacturing activity slowed in August but the gauge of prices for goods rose to a new record high.
The latest survey suggests that a slowdown in growth has not slowed down price increases.
Record setting price increases did not spur an acceleraton of manufacturing activity in August, a survey from the New York Fed showed Monday.
Texas manufacturers say prices are still rising and they expect them to keep going up.
Another car company has pledged further investment in Brexit Britain’s car plants, after Vauxhall owner Stellantis announced it would be investing £100 million to build electric vehicles at its Cheshire plant.
Inflationary pressures continue to run at near-record highs in the central Atlantic region of the U.S. in June, data from a survey from the Federal Reserve Bank of Kansas City showed Tuesday.
Inflationary pressures in hte Philly Fed survey are at levels we haven’t seen since the Carter years.
If we agree to call it “transitory,” will the pain stop?
Both prices paid and prices received by Kansas City Fed district manufacturers hit all-time highs in May.
Inflationary pressures glared out from the Richmond Fed’s monthly manufacturing report.
There are signs that the economy is at risk of overheating as demand outraces supply that to Biden’s huge deficit spending bill.
Manufacturing output rose just 0.4 percent in April, compared with expectations for a 1.8 percent gain, the Federal Reserve said Friday.
U.S. factory orders rose 1.1 percent in March, the Commerce Department said Tuesday. That was below the 1.3 percent increase expected by analysts but above the 0.8 percent contraction amid February’s harsh weather.
Worker shortages, chip shortages, and rising materials costs may be holding back expansion in U.S. factories.
The reopening triggered a surge in factory activity in Texas but high unemployment benefits are making workers scarce.
The strength of the U.S. economy as it reopens may become a stumbling block for the Biden administration’s big spending plans—which were partially based on the idea that the economy would need government aid to continue to grow.
The Kansas City Fed’s manufacturing survey’s composite index jumped to 31, up from an already elevated 26 in March. That is the best reading in the survey’s history.