Chip shortages, Hurricane Ida weigh on U.S. factory output; demand remains strong; UK Manufacturers Plead for More State Funds to Boost Sector.
Chip Shortages, Hurricane Ida Weigh on U.S. Factory Output; Demand Remains Strong
Production at U.S. factories fell by the most in seven months in September as an ongoing global shortage of semiconductors depressed motor vehicle output, further evidence that supply constraints were hampering economic growth. Manufacturing production was also weighed down by the lingering effects of Hurricane Ida..
UK Manufacturers Plead for More State Funds to Boost Sector
Five of the UK’s leading manufacturing industries have issued a plea for more government financial support to boost capital investment in research and development as well as new factories and equipment with lower carbon emissions..
Source: The Guardian.