Latest Manufacturing sector performance News

Cars and trucks drive on the main highway around Frankfurt, Germany, Tuesday, Aug. 4, 2020. In background the buildings of the banking district. (AP Photo/Michael Probst)

Surge in German factory orders bolsters hope for recovery

Aug. 6, 2020 3:33 AM EDT

BERLIN (AP) — German factory orders surged in June, according to figures released Thursday, giving hope that Europe's largest economy is on track for a recovery from declines suffered from the coronavirus pandemic lockdown earlier in the year. Industrial orders rose by 27.9% in June over the previous...

FILE - In this Wednesday, May 13, 2020 file photo, Ford Motor Co. employees work a ventilator at the Rawsonville plant in Ypsilanti Township, Mich. The plant was converted into a ventilator factory, as hospitals battling the coronavirus report shortages of the life-saving devices. According to the Institute for Supply Management, U.S. manufacturing rebounded in June 2020 as major parts of the country opened back up, ending three months of contraction in the sector caused by the coronavirus pandemic. (AP Photo/Carlos Osorio)

US manufacturing improves in July, future clouded by virus

Aug. 3, 2020 12:29 PM EDT

WASHINGTON (AP) — U.S. manufacturing improved again in July with a key gauge of activity rising further into expansion territory. The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of 52.6. Any...

A security officer talks on a phone in front of an image of an iPhone displayed at an Apple store in Ahmedabad, India, Saturday, Aug. 1, 2020. Three contract manufacturers for Apple iPhones and South Korea’s Samsung have applied for large-scale electronics manufacturing rights in India under a $6.5 billion incentive scheme announced by the government, Technology Minister Ravi Shankar Praad  said Saturday. (AP Photo/Ajit Solanki)

Samsung, Apple to boost cellphone manufacturing in India

Aug. 1, 2020 10:56 AM EDT

NEW DELHI (AP) — Three contract manufacturers for Apple iPhones and South Korea’s Samsung have applied for large-scale electronics manufacturing rights in India under a $6.5 billion incentive scheme announced by the government, a minister said Saturday. The scheme will extend cash incentives of 4-6%...

FILE - In this Sept. 20, 2019, file photo, Maurine Carter works on the wiring of a stove in LaFayette, Ga. Orders to American factories for big-ticket goods rebounded last month from a disastrous April as the U.S. economy began to slowly reopen. The Commerce Department said that orders for manufactured goods meant to last at least three years shot up 15.8% in May after plunging 18.1% in April.(Erin O. Smith/Chattanooga Times Free Press via AP, File)

Orders for big-ticket manufactured goods jump 7.3% in June

Jul. 27, 2020 9:33 AM EDT

WASHINGTON (AP) — Orders for big-ticket manufactured goods rose a solid 7.3% in June, the second big monthly gain as manufacturing tries to climb out of a spring slump triggered by the coronavirus pandemic. The Commerce Department said Monday that the June gain in durable goods orders, which was better...

Orders for big-ticket US manufactured goods leaps 7.3% in June, second big gain after 2 months of virus losses

Jul. 27, 2020 8:36 AM EDT
WASHINGTON (AP) — Orders for big-ticket US manufactured goods leaps 7.3% in June, second big gain after 2 months of virus losses.
FILE- In this Tuesday, Feb. 25, 2020 file photo, robots work on an electric car ID.3 body at the assembly line during a press tour at the plant of the German manufacturer Volkswagen AG (VW) in Zwickau, Germany. The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up despite a deeply painful recession, mainly thanks to the action of governments. (AP Photo/Jens Meyer, file)

Europe's shift to electric cars picks up despite recession

Jul. 15, 2020 7:44 AM EDT

FRANKFURT, Germany (AP) — The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up better than the overall market amid a deeply painful recession, mainly thanks to the action of governments....

Visitors wearing face masks to protect against the new coronavirus look at a Tesla Model 3 vehicle on display at an auto show in southwestern China's Chongqing Municipality, June 13, 2020. An industry group reports on Friday, July 10, 2020, China's auto sales rose 1.8% in June over a year earlier but were down by double digits for the first half of 2020 after the country shut down to fight the coronavirus. (Chinatopix via AP)

China auto sales off 22.4% in first half of 2020

Jul. 10, 2020 6:23 AM EDT

BEIJING (AP) — China’s auto sales rose 1.8% in June over a year earlier but fell by double digits for the first half of 2020 after the country shut down to fight the coronavirus, an industry group reported Friday. June sales of SUVs, sedans and minivans in the industry’s biggest global market...

German exports regain ground in May, but a long way to go

Jul. 9, 2020 3:31 AM EDT

BERLIN (AP) — German exports regained some ground in May, though the gain was far short of making up for big losses at the height of the coronavirus pandemic in Europe, official figures showed Thursday. Exports were up 9% compared with the previous month, the Federal Statistical Office said. That followed...

The red ball of the sun sets behind the towers of the Lippendorf power plant, in Neukieritzsch south of Leipzig, Germany, Friday, June 26, 2020. (Hendrik Schmidt/dpa via AP)

German production rebounds in May, but misses expectations

Jul. 7, 2020 5:40 AM EDT

BERLIN (AP) — German industrial production picked up in May after dropping sharply in the two previous months, but the rebound fell short of expectations. Production was up 7.8% compared with the previous month, the Economy Ministry said Tuesday. That followed declines of 8.9% in March and a massive 17.5%...

FILE - In this Thursday, April 2, 2020 file photo, bagel shop manager Samantha Maddocks runs then lone shop still open in one walkway in the Pike Place Market in Seattle.  Growth in the U.S. service sector slowed in March with a much bigger decline expected in coming months from all the shutdowns and job layoffs that have occurred because of efforts to contain the coronavirus.  (AP Photo/Elaine Thompson, File)

Activity in services sector shows record rebound in June

Jul. 6, 2020 10:41 AM EDT

WASHINGTON (AP) — Activity in the U.S. services sector rebounded strongly last month, but those gains are now being threatened by the resurgence of coronavirus cases in many parts of the country. The Institute for Supply Management said Monday that its service sector index rose to 57.1 in June, up from a...