manufacturing News

IBM Announces Groundbreaking $150 Billion Investment to Revolutionize US Technology and Manufacturing

IBM plans a $150 billion investment in the US over five years, focusing on R&D for mainframe and quantum computers to drive technological innovation and economic growth.

Germany's Economic Slowdown Deepens: Composite PMI Hits Four-Month Low in April

Germany's private sector activity declined in March, with the Composite PMI Output Index dropping to 49.7, indicating contraction. The Services PMI hit a 14-month low, while manufa...

Eurozone's Business Activity Takes a Hit in April: A Closer Look at the Declining PMI Indexes

The Eurozone's business activity saw a decline in April, with the Composite PMI Output Index hitting a 4-month low. The services sector weakened significantly, while manufacturing ...

April Sees a Dip in Eurozone Business Activity: Manufacturing Holds Strong While Services Lag

In April, the Eurozone's business activity experienced a slight decline, with the services sector hitting a 5-month low while manufacturing showed unexpected resilience, reaching a...

April Sees a Dip in Eurozone Business Activity: Manufacturing Resilience vs. Service Sector Slump

The Eurozone's business activity showed a slight decline in April, with the services sector hitting a 5-month low while manufacturing surprisingly resilient, reaching a 27-month hi...

Germany's Economic Slowdown Deepens: Composite PMI Hits Four-Month Low in April

Germany's private sector activity shows a significant slowdown, with the Composite PMI Output Index dropping to a four-month low of 49.7 in March. The Services PMI hits a 14-month ...

April Sees a Dip in Eurozone Business Activity: Manufacturing Resilience vs. Service Sector Slowdown

The Eurozone's business activity showed mixed results in April, with manufacturing resilience contrasting a service sector slowdown, according to S&P Global and HCOB's latest P...

Eurozone Business Activity Hits a Snag in April: Manufacturing Rises as Services Dip

The Eurozone's business activity showed mixed results in April, with manufacturing rising to a 27-month high while services dipped to a 5-month low, according to preliminary PMI da...

India's Economic Surge: Composite PMI Reaches 8-Month Peak in April Amid Manufacturing and Services Boom

India's private sector expansion reached an eight-month high in April, with the Composite PMI rising to 60.0, signaling robust growth in both manufacturing and services sectors. Re...

Roche Announces Massive $50 Billion Investment to Expand US Pharmaceutical Operations

Roche plans a $50 billion investment in the US to expand pharmaceutical manufacturing and create over 12,000 jobs, reinforcing its commitment to innovation and development in the c...

March Sees a 0.3% Dip in US Industrial Production Amid Mixed Sector Performances

US industrial production fell by 0.3% in March, with a notable drop in utilities due to warmer weather. However, manufacturing and mining saw slight increases, and business equipme...

Canada Announces Six-Month Tariff Relief for US Goods to Boost Manufacturing and Healthcare

Canada introduces a six-month tariff relief for US goods used in manufacturing and essential sectors, alongside a new framework to support automakers, aiming to strengthen economic...

Joe Creed to Lead Caterpillar as New CEO: A New Era Begins May 1

Caterpillar announces Joe Creed as the new CEO effective May 1, succeeding D. James Umpleby III who transitions to Executive Chairman. Creed's 28-year tenure and diverse roles with...

Caterpillar Announces Joe Creed as New CEO, Marking a New Era Starting May 1

Caterpillar Inc. announces Joe Creed as its new CEO starting May 1, succeeding D. James Umpleby III who transitions to Executive Chairman. Creed, with 28 years at Caterpillar, brin...

Canada Announces Six-Month Tariff Relief on US Goods to Boost Manufacturing and Public Health

Canada introduces a six-month tariff relief on US goods to support manufacturing and public health sectors, alongside a new framework to incentivize automotive industry growth.

Caterpillar Announces Joe Creed as New CEO, Marking a New Era Starting May 1

Caterpillar Inc. announces Joe Creed as its new CEO effective May 1, with D. James Umpleby III transitioning to Executive Chairman. Creed, with 28 years at Caterpillar, is set to l...

Canada Announces Six-Month Tariff Relief for Key US Imports to Boost Manufacturing and Health Sectors

Canada introduces a six-month tariff relief for US imports crucial to manufacturing and health sectors, alongside a new framework to support the automotive industry's growth and in...

Canada Announces Six-Month Tariff Relief for US Goods to Boost Manufacturing and Health Sector

Canada introduces a six-month tariff relief for US goods used in manufacturing and health sectors, alongside incentives for automakers to encourage production and investment in Can...

Canada Announces Six-Month Tariff Relief for US Goods to Boost Manufacturing and Healthcare

Canada introduces a six-month tariff relief for US goods used in manufacturing and healthcare, alongside a new framework to incentivize automakers, aiming to strengthen domestic pr...

UK Economic Activity Accelerates in March: A Closer Look at PMI Growth

The UK's PMI Composite Output Index rose to 51.5 in March, indicating growth in both services and manufacturing sectors. The Services PMI also increased, with technology and financ...

Germany's Manufacturing Sector Hits 31-Month High in March, Signaling Robust Recovery

Germany's manufacturing sector reached a 31-month high in March, with the PMI at 48.3. Growth was driven by new orders and domestic sales, though challenges like falling employment...

Eurozone Manufacturing Shows Signs of Recovery as PMI Hits 26-Month High in March

The Eurozone's manufacturing sector improved in March with the PMI reaching a 26-month high of 48.6. Production increased for the first time since March 2023, and job cuts slowed, ...

Japan's Manufacturing Sector Faces Steeper Decline: March PMI Hits One-Year Low

Japan's manufacturing sector experienced a sharper decline in March, with the PMI index dropping to 48.4, a 0.6-point fall from February, marking the lowest point in a year. S&...

Intel's New CEO Eager to Collaborate with Trump Administration on Tech Leadership

Intel Corp.'s CEO Lip-Bu Tan expresses eagerness to work with the Trump administration to strengthen U.S. technology and manufacturing leadership, while committing to Intel's engin...

March Sees Eurozone Business Activity Surge to a 7-Month Peak Amid Mixed Sector Performances

The Eurozone's business activity reached a seven-month high in March, with the Composite PMI Output Index rising to 50.4. While the services sector saw a slight decline, manufactur...

March Sees a Surge in US Business Activity Amid Tariff Concerns and Manufacturing Dip

The US private sector showed improved activity in March, with services reaching a three-month high, while manufacturing dipped. Tariff concerns are rising, affecting costs and infl...

March Sees Eurozone Business Activity Climbing to a 7-Month Peak Amid Mixed Sector Performances

The Eurozone's business activity reached a 7-month high in March, with the Composite PMI Output Index rising to 50.4. However, the services sector saw a slight decline, while manuf...

March Sees Surge in US Private Sector Activity Amid Tariff Concerns

In March, the US private sector saw a rise in activity with the PMI reaching 53.5. Services hit a three-month high, while manufacturing fell to a three-month low. Tariff concerns a...

March Sees Eurozone Business Activity Reach a 7-Month Peak Amid Economic Shifts

The Eurozone's business activity reached a 7-month high in March, with the Composite PMI Output Index rising to 50.4. The manufacturing sector showed significant improvement, hitti...

Eurozone Business Activity Surges to 7-Month High in March, Signaling Economic Resilience

The Eurozone's business activity reached a 7-month high in March, with the Composite PMI Output Index at 50.4. While the services sector saw a slight decline, manufacturing hit a 2...

March Sees Eurozone Business Activity Climb to a 7-Month Peak Amid Mixed Sector Performances

The Eurozone's business activity reached a 7-month high in March, with the Composite PMI at 50.4. Services saw a slight decline, while manufacturing hit a 26-month peak. Experts no...

Eurozone Business Activity Soars to a 7-Month Peak in March, Signaling Economic Resilience

The Eurozone's business activity reached a 7-month high in March, with the Composite PMI Output Index rising to 50.4. While the services sector saw a slight decline, manufacturing ...