Supply chain crisis triggers a ‘renaissance of American manufacturing’; UK Manufacturing Production rises by 0.1% MoM in September vs. 0.2% expected; German factory orders make feeble recovery in September.
Supply chain crisis triggers a ‘renaissance of American manufacturing’
U.S.-based companies are ramping up production at home in order to avoid the global supply chain crisis. Origin USA CEO Pete Roberts told FOX Business’ Lydia Hu Thursday that U.S. manufacturers are seeing a “renaissance.” “Everything we do here is built off of that American supply chain, which is essential to our success,” Roberts said.
Source: Fox Business.
UK Manufacturing Production rises by 0.1% MoM in September vs. 0.2% expected
Britain’s industrial sector recovery lost momentum in September, the latest UK industrial and manufacturing production data published by Office for National Statistics (ONS) showed on Thursday. Manufacturing output arrived at 0.1% MoM in September versus 0.2% expectations and 0.5% booked in August while total industrial output came in at -0.4% vs. 0.2% expected and 0.8% last.
German factory orders make feeble recovery in September
The Economy Ministry said orders were up 1.3% after a steep 8.8% decline in August. Even September’s small gain was boosted by bulk orders in the manufacturing sector, without which there would have been only a 0.2% increase. Demand was led by orders from outside the 19 nations using the euro currency, which were up 14.9%. Domestic orders dropped 5.9%, and those from elsewhere in the eurozone fell 7.3%.
Source: The Seattle Times.