Manufacturing – NATURALDEPOSIT

flags waving on old ornate city building on fine day

Eurozone’s August PMI Reveals Contraction in Both Manufacturing and Services Sectors

The Eurozone experienced a more substantial decline in business activity during August than initially estimated, with the services sector contracting, raising concerns of a possible recession looming over the Eurozone economies. The Purchasing Manager’s Index (PMI), which encompasses both the final manufacturing and services sectors for the Eurozone in August, compiled by S&P Global and …

Eurozone’s August PMI Reveals Contraction in Both Manufacturing and Services Sectors Read More »

women in brown bandanas and apron working in a sewing factory

Eurozone Manufacturing PMI Shows Signs of Recovery, but Challenges Persist

News

S&P Global’s latest report, released on September 1st, brings promising news for the Eurozone’s manufacturing sector. After grappling with a period of slowdown, there are indications that the worst may be behind, although challenges still loom, particularly in terms of demand. Despite being the largest economy in Europe, Germany remains a concern among the major …

Eurozone Manufacturing PMI Shows Signs of Recovery, but Challenges Persist Read More »

Chinese Manufacturing PMI Surpasses Forecasts in August, Reflecting Demand Recovery

News

Recent survey results jointly conducted by Caixin and S&P Global have unveiled a positive shift in China’s manufacturing sector. The Purchasing Managers’ Index (PMI) for manufacturing surged beyond expectations in August, indicating a renewed growth trajectory. This resurgence is attributed to a revival in domestic demand and increased employment, signaling that the Chinese government’s efforts …

Chinese Manufacturing PMI Surpasses Forecasts in August, Reflecting Demand Recovery Read More »

China’s Manufacturing Sector Contracts for the Fifth Month in a Row, Prompts Government Response to Bolster Economy

News

China’s economic landscape faces renewed challenges as the Purchasing Managers’ Index (PMI) for the manufacturing sector reported its fifth consecutive month of contraction in August. This downward trajectory could potentially exert pressure on the Chinese government to implement more robust stimulus measures aimed at rejuvenating economic growth. The National Bureau of Statistics (NBS) of China …

China’s Manufacturing Sector Contracts for the Fifth Month in a Row, Prompts Government Response to Bolster Economy Read More »

photo of vehicles on road near buildings

Germany’s Q2 GDP Contracts 0.2% YoY Amid Manufacturing Slowdown

News

The Federal Statistical Office of Germany has unveiled a contraction of 0.2% year-on-year in the country’s Gross Domestic Product (GDP) during the second quarter of 2023. This decline has been attributed to the deceleration within the manufacturing sector, underscoring challenges faced by the German economy. The release of the finalized GDP figures for the second …

Germany’s Q2 GDP Contracts 0.2% YoY Amid Manufacturing Slowdown Read More »

Germany’s August Manufacturing and Services PMI Contract at the Highest Rate in Over Three Years

News

In a preliminary survey released on August 23rd, it was revealed that business activity in Germany experienced its most significant contraction in over three years during the month of August. The Purchasing Managers’ Index (PMI), a widely recognized indicator of economic health, encompassing both the primary German manufacturing and services sectors, registered a notable decline …

Germany’s August Manufacturing and Services PMI Contract at the Highest Rate in Over Three Years Read More »

Australia’s Composite Manufacturing-Services PMI Records Steepest 19-Month Contraction in August

News

A recent private sector survey conducted by Juno Bank on June 23 has unveiled a concerning trend for Australia’s business landscape, as the nation’s business activity experienced its most pronounced contraction in 19 months during August. The comprehensive Purchasing Managers’ Index (PMI), encompassing both Australia’s primary manufacturing and services sectors, plummeted to a reading of …

Australia’s Composite Manufacturing-Services PMI Records Steepest 19-Month Contraction in August Read More »

Foxconn Announces $600 Million Investment in iPhone Parts Manufacturing in India

News

Foxconn, Apple’s largest supplier and Taiwan’s leading electronics manufacturer, is set to make a substantial investment of $600 million in India’s southern state of Karnataka. The company’s plans include the establishment of two factories in collaboration with global partners, with one of the plants being a joint venture with Applied Materials from the United States. …

Foxconn Announces $600 Million Investment in iPhone Parts Manufacturing in India Read More »

ISM Manufacturing Index Records Ninth Consecutive Month of Contraction in July

News

The Institute for Supply Management (ISM) has reported that its manufacturing index dropped to 46.4 in July, falling short of analysts’ expectations of 46.8 but showing a slight improvement from the June figure of 46.0. With the index remaining below the critical 50 level, it signals a continued contraction in the US manufacturing sector. This …

ISM Manufacturing Index Records Ninth Consecutive Month of Contraction in July Read More »

S&P Global: US Manufacturing PMI Shows Continued Contraction in July

News

According to the latest report from S&P Global, the Purchasing Managers’ Index (PMI) for US manufacturing rose to 49.0 in July from 46.3 in June, aligning with analysts’ expectations. Despite the increase, the PMI remains below the crucial 50 level, indicating that the US manufacturing sector is still experiencing a contraction. The data released by …

S&P Global: US Manufacturing PMI Shows Continued Contraction in July Read More »