Latest Manufacturing sector performance News

US orders for long-lasting goods fall 2.1% in April

May. 24, 2019 1:05 PM EDT

WASHINGTON (AP) — Orders to U.S. factories for large manufactured goods fell sharply last month, pulled down by lower demand for commercial aircraft and cars, while businesses also pulled back on investment spending. The Commerce Department said Friday that orders for durable goods — or items meant...

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

May. 17, 2019 5:15 PM EDT

WASHINGTON (AP) — Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America's allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe. By...

US industrial production down 0.5% in April

May. 15, 2019 9:37 AM EDT

WASHINGTON (AP) — U.S. industrial production fell in April, dragged by a big drop in factory output as production of autos and auto parts continued to slide. Industrial output — reflecting total production at factories, utilities and mines — dropped 0.5% in April after a 0.2% March gain, the...

China's economic activity weakens amid tariff war

May. 15, 2019 6:47 AM EDT

BEIJING (AP) — China's factory output and consumer spending weakened in April as a tariff war with Washington intensified, adding to pressure on Beijing to shore up shaky economic growth. Wednesday's unexpectedly weak data prompted suggestions Beijing needs to boost stimulus spending and bank lending to...

China's auto sales fall 17.7% in April, extending slump

May. 14, 2019 1:30 AM EDT

BEIJING (AP) — China's auto sales sank 17.7% in April from a year earlier, the 10th straight month of decline amid trade tension with Washington and an economic slowdown. Drivers in the industry's biggest global market bought 1.6 million sedans, SUVs and minivans, according to an industry group, the China...

Stockpiling boosted UK economy ahead of initial Brexit date

May. 10, 2019 5:43 AM EDT

LONDON (AP) — The British economy expanded by a solid quarterly rate of 0.5% in the first three months of the year as firms geared up for the long-anticipated Brexit date. However, that boon is set to diminish in coming months and growth is expected to ease as the country hurtles toward its next Brexit...

Chinese companies brace for tariff hike as trade talks begin

May. 9, 2019 10:32 PM EDT

BEIJING (AP) — Chinese exporters of all sorts of products, from power adapters and computers to vacuum cleaners, are anxiously hoping trade talks in Washington this week will yield a deal that might stave off higher U.S. tariffs on imports from China. Companies across China are bracing for a tariff hike on...

Survey shows eurozone economy loses more momentum in April

May. 6, 2019 4:23 AM EDT

LONDON (AP) — A closely watched survey is showing that the 19-country eurozone economy lost further momentum in April. Financial information firm IHS Markit said Monday that its composite purchasing managers index — a broad gauge of economic activity — fell modestly to 51.5 in April from 51.6...

Markets Right Now: Stocks give up early gain, close lower

May. 1, 2019 4:14 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks gave up some early gains and ended broadly lower after the head of the Federal Reserve appeared to play down the possibility of an interest rate cut this year, something some investors had been hoping for....

US manufacturing activity slowed in April

May. 1, 2019 10:14 AM EDT

WASHINGTON (AP) — U.S. manufacturers expanded at a slower pace in April, as measures of new orders, production and employment each slipped. The Institute for Supply Management, an association of purchasing managers, says that its manufacturing index fell to 52.8 last month, down from 55.3 in March....