US, UK and German manufacturing sector state; Ideas for Manufacturing Day on October 4th and overview of digital skills businesses most lack.
U.S. Manufacturing Slowed in August in Latest Sign of Economic Weakness
The American manufacturing sector contracted last month, a key measure showed on Tuesday, heightening fears that the trade war with China could bring on a recession.
The institute’s manufacturing index was at 49.1 for August, down from 51.2 in July. Anything below 50 is considered a sign of contraction. The index is based on a survey of purchasing and supply managers.
Source: The New York Times.
UK manufacturing locked in pre-Brexit nosedive: trade body
British manufacturing is locked in a nosedive as orders and investment dry up due to the global slowdown and the Brexit crisis, a survey from trade body Make UK showed on Thursday, adding to signs of a worsening economic outlook.
Domestic new orders declined in the third quarter for the first time in three years, while export orders growth also weakened despite the recent fall in the exchange rate, Make UK and accountants BDO said.
German manufacturing orders slump in July
German manufacturing orders slowed by more than expected in July, data from the Federal Statistical Office showed Thursday.
Manufacturing orders fell 2.7% in July on the month, in adjusted terms. Economists polled by The Wall Street Journal had expected a decline of 1.5% on the month.
Compared with July 2018, order volumes dropped 5.6%, taking account of calendar and price effects.
5 ways to celebrate Manufacturing Day
Manufacturing Day is a celebration of modern manufacturing meant to inspire the next generation of manufacturers. Manufacturing Day occurs on the first Friday in October — this year Manufacturing Day is October 4, 2019.
- Host a Tour of Your Manufacturing Facility
- Plan a School Event to Teach Students about Manufacturing
- Organize a Manufacturing Jobs Fair or Career Fair
- Plan an Alumni Day Spotlighting Manufacturing Careers
- Create an Interactive, Kid-friendly App or Game
What are the digital skills businesses most lack?
The ability to successfully develop and manage a move to cloud-based infrastructure, and adequate cyber security competencies are the two digital skills that senior business figures believe their organisation most lacks.
Businesses are also struggling to integrate new technologies and/or data sources to existing business practices.
Source: The Manufacturers.