Category: manufacturing

Manufacturing Held Up Better Than Rest of the Economy During Coronavirus Crisis
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Manufacturing Held Up Better Than Rest of the Economy During Coronavirus Crisis

The coronavirus is demonstrating the wisdom of a key point of Donald Trump’s economic vision: the necessity of having a thriving manufacturing sector. Manufacturing added 356,000 workers in June and 250,000 in May. April was virtually unchanged. Two hundred and ninety thousand of the most recent gains were in durable goods manufacturing, largely reflecting the…

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Manufacturing Recovery Was Much Stronger Than Expected in June
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Manufacturing Recovery Was Much Stronger Than Expected in June

Factory activity in the U.S. surged higher than expected in June, suggesting that the broader economy grew for the second consecutive month after April’s contraction. The Institute for Supply Management’s index of manufacturing activity jumped 9.5 percentage points to 52.6 in June. The gauge of new orders rose 24.6 points to 56.4, the largest ever…

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U.S. Manufacturing Collapse Signals Second Great Depression: Analyst
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U.S. Manufacturing Collapse Signals Second Great Depression: Analyst

The ISM Manufacturing Index showed output declined 15% in April. But a Wall Street analyst says it’s much worse than it looks. Manufacturing was already in recession before the coronavirus crisis. U.S. manufacturing declined steeply in April. As measured by the ISM Manufacturing Index, industrial production in the United States fell to an 11-year low…

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Manufacturing startup Divergent 3D reduces staff by one-third

Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations alike. The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. Founder and CEO Kevin Czinger…

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China’s Manufacturing Jumps as Coronavirus Cripples Globe
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China’s Manufacturing Jumps as Coronavirus Cripples Globe

China’s manufacturing rebounded in March to record an expansion as authorities relaxed anti-coronavirus disease controls and allowed factories to reopen, an official survey showed Tuesday. The spike came as the U.S. and rest of the world shut down businesses and furloughed workers. The boost reinforces the argument that holds as long as the U.S. economy…

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Manufacturing Recession Puts U.S. Economy on Track for Worst Quarter Under President Trump
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Manufacturing Recession Puts U.S. Economy on Track for Worst Quarter Under President Trump

U.S. industrial production plunged in October at the fastest rate in a year-and-a-half. GM strike exacerbated the decline following a six-week work stoppage. The manufacturing sector remains in a recession that could spill over to the rest of the economy. U.S. industrial production plunged in October at the fastest rate in a year-and-a-half, further underscoring…

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In-space manufacturing could prompt more startups to reach for the stars
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In-space manufacturing could prompt more startups to reach for the stars

Depending on who you ask, space-based technology is past peak hype, at the beginning of its investment growth curve, or in an infrastructure-building phase akin to the railway industry in 1800s America. One emerging technology could change everything for startups and aerospace giants, however — in-space manufacturing. One of the hard limits of building businesses…

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