Australia’s S&P Global Manufacturing PMI increases to 51.7 in July
The preliminary S&P Global Manufacturing Purchasing Managers Index (PMI) for Australia increased to 51.7 in July from 51.5 in June, based on data released by S&P Global on Friday. Meanwhile, the Services PMI also saw an uptick, moving from 50.5 to 53.0 in July, while the composite PMI rose to 52.6 from 50.4. Market Reaction […]
Trump’s OBBBA protected millions of manufacturing jobs, according to a report.
Manufacturers Report on Tax Law’s Impact A report was released Tuesday by groups representing U.S. manufacturing companies, marking the first anniversary of the 2025 tax law. This document outlines the law’s effects on manufacturing across all 50 states. The One Big Beautiful Building Act (OBBBA), passed by Republicans in Congress last July and signed into […]
U.S. Manufacturing Expands Due to High Demand and Lower Inflation Pressures
U.S. Manufacturing Shows Signs of Growth in June U.S. manufacturing saw continued expansion in June, as revealed by two surveys published on Wednesday. Price hikes that have burdened the sector for nearly two years now appear to be easing significantly. The Institute for Supply Management’s manufacturing index for June registered at 53.3, a slight dip […]
US ISM Manufacturing PMI fell to 53.3 in June
Data from the Institute for Supply Management (ISM) shows that the manufacturing PMI declined slightly in June, coming in at 53.3, which is lower than both May’s figure and analysts’ expectations of 54. In terms of inflation, the Price Payment Index for the sector fell from 82.1 to 73. The employment index saw a small […]
Corning and NVIDIA team up to generate 3,000 new manufacturing jobs in the US
Before the Model T was ever on the scene, and long before the Wright Brothers took flight, Corning was already paving the way for innovation that resonates today. Many Americans may recognize Corning primarily for its glassware, which has been a staple in households for generations. However, the company has also dedicated decades to developing […]
China’s Manufacturing PMI aligns with expectations in June: Implications of 51.7 for the Australian Dollar.
China’s PMI Data and Its Effect on the Australian Dollar China’s RatingDog Manufacturing Purchasing Managers Index (PMI) declined slightly to 51.7 in June, down from 51.8 in May, based on the figures released by RatingDog. The anticipated figure from the market was also 51.7. Interestingly, the Australian dollar (AUD) didn’t react much to this PMI […]
Chris Jahn on Reducing Burdensome Regulations: ‘A True Chance to Enhance American Manufacturing’
Insights on Regulatory Changes from the American Chemistry Council Chris Jahn, the president and CEO of the American Chemistry Council, praised the Trump administration for its efforts to cut back on heavy regulations, suggesting that these changes could bolster U.S. manufacturing and enhance America’s position globally. Eli Nachmany, who directs the Office of Information and […]
U.S. Manufacturing Output Grows at Highest Rate in Almost Five Years
U.S. Business Activity Grows for Third Month in June In June, growth in U.S. business activity accelerated for the third consecutive month, driven primarily by strong demand in manufacturing and production. The Flash Composite Purchasing Managers Index (PMI) climbed to a five-month high of 52.2, up from 51.5 in May, according to S&P Global. This […]
Australia’s S&P Global Manufacturing PMI increases in June: Implications of 51.2 for AUD/USD
In June, Australia’s S&P Global Manufacturing Purchasing Managers Index (PMI) reached 51.2, a notable increase from 50.7, as per the recent data from S&P Global released on Tuesday. The S&P Global Services PMI for the same month improved slightly to 49.9, up from 48.7, while the Composite PMI for June also rose to 49.8, compared […]
Why Did Globalization Lead to a Decline in Manufacturing Productivity?
U.S. Factories Facing Decline Due to Import Surge What led to this situation? A significant drop in manufacturing productivity. The expectation with globalization was pretty straightforward. Yes, U.S. factories could end up with fewer workers, but it was assumed that the remaining employees would be more productive because of better technology, software, supply chains, and […]