Week 26 in Manufacturing News

U.S. economic downturn losing steam, flash PMI data show; UK manufacturing must ‘measure up’ for a digital future; UK economy shows green shoots of recovery with growth in third-quarter likely as lockdown eases; Efforts to reshore U.S. manufacturing pick up speed.

U.S. Economic Downturn Losing Steam, Flash PMI Data Show

The big picture: There has been a wide range of indicators suggesting economic activity has picked up recently, but economists are loathe to read too much into the rebound. There is still a sense that the economy could struggle later in the year.

Source: MarketWatch

Efforts to Reshore U.S. Manufacturing Pick up Speed

The U.S. International Development Finance Corp is talking to companies about reshoring the manufacturing of PPE, generic drugs and pharmaceutical ingredients as part of coronavirus response efforts.

Source: Seeking Alpha

UK Manufacturing Must ‘Measure up’ for a Digital Future

A new report has been published to help UK manufacturers exploit growing commercial opportunities and to identify future R&D priorities around measurement and control techniques.

Source: The Manufacturer

UK Economy Shows Green Shoots of Recovery With Growth in Third-Quarter Likely as Lockdown Eases

The UK economy is showing its first signs of post-coronavirus growth, with figures for global commerce this year also less severe than previously feared.

A leading monthly survey that tracks output, new orders and employment in UK manufacturing showed a return to growth for UK manufacturing in May.

The IHS Markit/CIPS Purchasing Managers’ Index – where anything over 50 indicates growth – was 50.1 for June in manufacturing, up from 40.7 in May, following a record low of 32.6 in April.

Source: Institute of Export & International Trade