U.S. Manufacturing Thriving Amid Supply Bottleneck; Record Manufacturing Jump Boosts Markets in UK, US and Eurozone; UK Manufacturing PMI Hits Record; House Prices Surge; Oil Rallies – as It Happened; Majority of UK Manufacturers Prioritising Flexible Energy Models in Post-pandemic Recovery.
U.S. Manufacturing Thriving Amid Supply Bottleneck
U.S. manufacturing industries are at the forefront of the economy’s revival from the unprecedented coronavirus-led devastations. In the last 12 months, U.S. manufacturing has shown a V-shaped recovery.
Notably, it was not only the pandemic, which hurt manufacturing activities. This segment had struggled throughout 2019 due to an intense trade war between the United States and China. Therefore, the ongoing recovery of U.S. manufacturing is highly commendable.
Record Manufacturing Jump Boosts Markets in UK, US and Eurozone
A record jump in manufacturing activity in the UK, the US and the eurozone lifted stock markets on both sides of the Atlantic on Tuesday.
Pent-up demand after a year of stop-start activity due to the coronavirus outbreak pushed factory order books to fresh highs in May, adding to previous growth records set in April, according to a bellwether survey of factory owners.
Source: The Guardian
UK Manufacturing PMI Hits Record; House Prices Surge; Oil Rallies – as It Happened
The UK manufacturing PMI, which tracks activity, hit its highest level since the survey began in 1992. The eurozone index also hit a record peak, with output and new orders surging.
And with US factories also reporting the strongest PMI reading since at least 2007, and China’s manufacturing growing at its fastest this year, the global index hit an 11-year high.
Source: The Guardian
Majority of UK Manufacturers Prioritising Flexible Energy Models in Post-pandemic Recovery
Manufacturing businesses are heavily focussed on flexible generation and distribution alongside decarbonisation of their energy use in the wake of the pandemic. This is according to key findings from Aggreko’s latest manufacturing report of Q2 2021, which surveyed over 200 decision makers from large UK manufacturing companies.
Source: The Manufacturer