By Wolf Richter for WOLF STREET. New orders for durable goods in July jumped by 9.9% from June, the biggest month-to-month spike since May 2020, and more than reversing the big month-to-month drop in June, which had been […]
For generations, Germany has been a manufacturing powerhouse. The country was in the vanguard of the industrial revolution in the nineteenth century, establishing dominant positions in electrical components manufacturing and chemical production. Devastated by WWII, […]
The U.S., Eurozone, and Chinese manufacturing indexes all showed contraction at year-end. Weakness in manufacturing in China, the EU and the U.S. has been weighing on demand for distillates and will likely continue to weigh […]
By Rachel Premack of FreightWaves President Joe Biden’s $9.2 billion electric vehicle manufacturing loan to Ford seems like a perfect meld of American interests. Announced in June, the loan to the Michigan automaker and a […]
Following the final PMI print for December yesterday confirming the manufacturing side of the US economy is at its weakest since the COVID-lockdown crisis, ISM reports this morning that weakness with a worse than expected […]
EconomyBusiness and Economy United States manufacturing activity grew at its slowest pace in nearly two and a half years in October as the Federal Reserve’s aggressive push to raise interest rates to quash inflation cools […]
European companies are shifting operations to the US after the jump in regional energy prices following Russia’s invasion of Ukraine, The Wall Street Journal reported. Steelmaker ArcelorMittal and chemical maker OCI are among companies making […]
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