Tag: manufacturing

Profits at Chinese industrial firms declined by 6.7% in July compared to the previous year. This is the seventh consecutive month that weak demand has crippled the prosperity of Chinese manufacturers as the nation looks to fully recover from its pandemic struggles. This is...

Official data released on Sunday revealed that China's manufacturing activity declined in April. This follows a decline in global demand and weakness in the property market that has slowed down the country's post-Covid economic recovery. Data from China's National Bureau of Statistics showed that the...

Stelco Holdings Inc. Chief Executive Officer Alan Kestenbaum expects steel prices to be able to rebound over the next six months. This comes after the company confirmed that it had fully booked shipments for the remainder of this year in addition to the first...

General Electric decided to cut its annual earnings forecast after reporting on Tuesday a 19% drop in adjusted quarterly profit. The company cites supply bottlenecks, inflation, and a decline in its renewable energy business as the main reasons for this decline. The U.S. manufacturing giant...

US manufacturing continued growing in August, albeit at its slowest pace in over two years. The Institute for Supply Management’s gauge of factory remained at 52.8; its lowest level since June 2020. Material costs continued to decline for a fifth consecutive month, bringing much-needed...