manufacturing
Washington (AFP) - Activity in the US manufacturing sector shrank for a third straight month in January, hovering at the lowest levels since May 2020 as new orders and production slumped, according to survey data released Wednesday. The gloomy figure comes as demand softens on the back of the central bank's rapid interest rate hikes. The Institute for Supply Management's (ISM) manufacturing index slipped one percentage point to 47.4 percent in January, from 48.4 percent in December. This was a touch below analyst expectations and also lower than the 50 percent threshold indicating growth in th...
AFP
Washington (AFP) - US manufacturing activity contracted for a second month in December, remaining at the lowest levels since May 2020 as new orders and production slipped, survey data showed Wednesday. The world's biggest economy has been squeezed by decades-high inflation, prompting the central bank to raise interest rates multiple times in an all-out campaign to ease demand and rein in cost increases. While the domestic economy has largely held up, there are growing signs the Federal Reserve's policy moves are rippling through sectors -- adding to broader factors like slowing global activity...
AFP
Washington (AFP) - Industrial production in the United States slumped in November with "broad based" decreases, the Federal Reserve said Thursday, as output for bigger-ticket consumer products and manufacturing fell. While tangled supply chains and surging costs which weighed on businesses are easing, in a boost to production, firms are now contending with weakening demand as interest rates rise. The Fed has raised its benchmark lending rate seven times this year in an effort to cool the world's biggest economy, making borrowing more expensive with policy effects rippling across sectors. Total...
AFP
Washington (AFP) - US manufacturing growth slowed in September to its weakest pace in more than two years amid a decline in orders, as well as easing price pressures, according to an industry survey released Monday. The Institute for Supply Management said its manufacturing index dropped 1.9 points to 50.9 percent, well below expectations and just barely above the 50-percent threshold indicating expansion. It was the weakest result since May 2020, ISM said. "The US manufacturing sector continues to expand, but at the lowest rate since the pandemic recovery began," ISM manufacturing survey chai...
AFP
Washington (AFP) - Boeing delivered a 787 Dreamliner to American Airlines on Wednesday, the first of that aircraft to be sent to a customer in over a year due to defects discovered in the plane. US air safety regulators on Monday cleared the aviation giant to resume deliveries of the top-selling widebody after Boeing made changes to its production process. "We have resumed 787 deliveries, following our thorough engineering analysis, verification and rework activities to ensure all airplanes conform to Boeing's exacting specifications and regulatory requirements," a company spokesperson confirm...
AFP
Washington (AFP) - After more than a year, aviation giant Boeing will be allowed to resume deliveries of its 787 Dreamliner aircraft "in the coming days," after the company made changes to its manufacturing process, US air safety regulators announced Monday. Deliveries of the top-selling widebody plane have been halted since spring 2021, so the news will be welcomed by US airlines and travelers who have suffered from massive delays and canceled flights in recent weeks, partly due to the shortage of aircraft. "Boeing has made the necessary changes to ensure that the 787 Dreamliner meets all cer...
AFP
Washington (AFP) - Aviation giant Boeing will be allowed to resume deliveries of its 787 Dreamliner aircraft "in the coming days," after the company made changes to its manufacturing process, US air safety regulators announced Monday. Deliveries of the top-selling widebody have been halted since spring 2021, but "Boeing has made the necessary changes to ensure that the 787 Dreamliner meets all certification standards," the Federal Aviation Administration said in a statement. Acting FAA Administrator Billy Nolen met with safety inspectors in South Carolina last week to confirm they were satisfi...
AFP
Washington (AFP) - The US manufacturing sector continued to grow in July, but the pace was impacted by dimming demand while price increases have slowed dramatically, according to an industry survey released Monday. And amid a tight American job market, hiring slowed for the third straight month, but firms are reporting less trouble filling open positions and no signs of layoffs, the Institute for Supply Management's latest report showed. But firms continue to have trouble filling orders due to ongoing problems getting materials. ISM's manufacturing index dipped to 52.8 percent, just two-tenths...
AFP
Washington (AFP) - An eye-popping surge in new orders for US military aircraft in June drove a surprise increase in demand for big-ticket manufactured goods, according to government data released Wednesday. New orders for defense aircraft and parts surged 80.6 percent compared to May, pushing the total for all durable goods up 1.9 percent in the month to $272.6 billion, the Commerce Department reported. Economists were projecting a 0.5 percent drop in the key data point that feeds into quarterly economic growth calculations. Orders have increased in eight of the past nine months, and even exc...
AFP
Newington (United States) (AFP) - Clai Lasher-Sommers alternates between tears and fury over the flow of guns from the factories in her home state of New Hampshire, a top producer in America's multi-billion dollar firearms industry. Speaking just miles from the house where an abusive stepfather shot her with a hunting rifle when she was 13, the survivor-turned-activist said she thinks about moving -- just to get away from the gun makers. "I don't want to be anywhere near them, and the damage that they perpetuate every day," she said. "I want them to close, but that's not going to happen." The...
AFP
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