Manufacturing

photo of man standing inside his workshop

Australian Manufacturing Sector Expands as PMI Rises to 50.1 in January 2024

News

In a recent report released by Judo Bank on February 1, the Purchasing Managers’ Index (PMI) for Australia’s manufacturing sector in January 2024 surged to 50.1, marking a notable increase from December’s figure of 47.6. This positive upturn suggests a gradual slowdown or soft landing for Australia’s economy. While the seasonally adjusted January manufacturing PMI […]

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person in welding mask while welding a metal bar

China’s Manufacturing Contraction Persists for Fourth Consecutive Month in January

News

China’s National Bureau of Statistics (NBS) has disclosed that the Purchasing Managers’ Index (PMI) for the manufacturing sector contracted for the fourth consecutive month in January. This signals a pressing need for the Chinese government to implement additional economic stimulus measures, even in the wake of measures announced just last week. According to the NBS

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close up of man making a glass item

South Korean Manufacturing Output Hits 25-Year Low in 2023 Amidst Weak Demand

News

In a stark revelation, the Korea Statistics Office reported today (January 31) that South Korea’s manufacturing output in 2023 experienced its most significant decline in 25 years, primarily attributed to a slump in semiconductor demand amidst the country’s economic slowdown. Concurrently, retail sales and investments also faced downturns in the preceding year, influenced by elevated

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man using a caliper to measure an item in a workshop

Eurozone Manufacturing and Services PMI Sees Incremental Rise in January

News

S&P Global’s announcement today reveals that the Eurozone Purchasing Managers’ Index (PMI), encompassing both the services and primary manufacturing sectors, experienced a slight increase to 47.9 in January 2024, compared to 47.6 in December 2023. However, the uptick was marginally below the anticipated level of 48.0. While the rise suggests a positive trajectory, it’s crucial

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close up photography of a power tool

Japan’s Manufacturing Sector Contracts at Swiftest Pace in 10 Months Amid Market Uncertainty

News

The latest private sector survey, released on January 4, unveils a worrying trend in Japan’s manufacturing sector, showcasing its most rapid contraction in 10 months during December. This decline was primarily attributed to dwindling production and a slump in new orders, a result of prevailing market uncertainties. The Jibun Bank Final Manufacturing Purchasing Managers’ Index

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man wearing orange hard hat

US Manufacturing Index Shows Continued Contraction for the 14th Consecutive Month in December

News

The Institute for Supply Management (ISM) disclosed that its manufacturing index in December exhibited a modest increase, rising to 47.4 from November’s 46.7. The figure surpassed analysts’ expectations of 47.2. This slight uptick in the index was primarily propelled by a surge in employment within the manufacturing sector. However, it was offset by a decline

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blue plastic pail

Indian Manufacturing Sector Records 18-Month Low Growth in December 2023

News

India’s manufacturing sector witnessed a notable slowdown in growth, hitting an 18-month low in December 2023, primarily attributed to a reduced rate of increase in new orders and production levels. The final Indian manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global and disclosed by HSBC, stood at 54.9 in December. While slightly down from

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man lifting hot metal

Germany’s Manufacturing Sector Sees Contraction in December, Encouraging Future Projections

News

The German manufacturing landscape sustained a contraction through December 2023, yet signs of optimism emerged as future business outlook improved for the first time since April. The German Final Manufacturing Purchasing Managers’ Index (PMI), derived from Hamburg Commercial banks’ (HCOB) index and compiled by S&P Global, reported a figure of 43.3 in December. Though a

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red telephone booth

British Manufacturing Sector Shrinks for 17th Consecutive Month, High Interest Rates Loom

News

The British manufacturing sector witnessed a continued contraction in December 2023, exacerbating concerns about the nation’s economic recovery. The UK Final Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global/CIPS, recorded a figure of 46.2 in December. This marks a decline from November’s 47.2, which had briefly peaked at a seven-month high, and falls short

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