Factory activity in New York state slumped in January amid a surge in COVID-19 infections, but manufacturers remained upbeat about business conditions over the next six months. The New York Federal Reserve said on Tuesday its “Empire State” index on current business conditions plunged 32.6 points to a reading of -0.7 this month. This was…
New York State Factory Activity Slumps in January Amid Omicron Surge
China December Factory Activity Edges Up Ahead of Economic Headwinds
BEIJING—China’s factory activity unexpectedly accelerated in December, but only by a slim margin, an official survey on Friday showed, with analysts foreseeing more economic headwinds in the near term and policymakers being pressured to offer support measures. The official manufacturing Purchasing Managers’ Index (PMI) rose to 50.3 from 50.1 in November, data from the National…
China Factory Activity Rebounds in November, Slow Growth Pace Remains
China’s factory activity picked up in November after two months of contraction, yet still the third lowest in about 20 months, despite the ease of mass power rationing and raw material price surges. China’s manufacturing purchasing managers’ index (PMI) for November was 50.1, up from 49.2 in October—the first time it exceeded the 50 mark…
China’s Factory Activity Falls in October, Producer Price Soars to ‘Years High’
Beijing said China’s factory activity shrank for a second month in October, putting it down to power shortages, high raw material prices, and soft domestic demand. Meanwhile, authorities said producer prices have risen to “years high.” Oct. 31 data from the National Bureau of Statistics (NBS) show China’s purchasing managers’ index (PMI) for the manufacturing sector…
Texas Factory Activity Sees Solid Expansion But Supply Chain Woes Worsen
Overall factory activity in the Lone Star state continued to expand at a solid pace in September, though there was softening in some specific manufacturing gauges along with a rise in reports of supply-chain problems, according to a Dallas Fed survey. Texas business executives responding to the monthly Dallas Fed Texas Manufacturing Outlook Survey, released Sept….
US News
- City News ServiceSANTA FE SPRINGS, Calif.—A trio of Los Angeles County Walmarts have been the subject of reported armed intruders over the last 24 hours, including one Jan. 29 in Santa Fe… [...]
- Rudy BlalockHundreds gathered around Plaza Square Park in Orange, California, on Jan. 26, to mourn friend, husband, and Deputy Public Defender Elliot Blair, who was found dead in Mexico while celebrating… [...]
- J.M. PhelpsAn Army member who says he was injured by the COVID vaccine said he faced repeated pressure to take the second dose of the vaccine, despite receiving a temporary exemption… [...]
- Lis WangThe Labor Party is pledging $2.5 million (US$1.79 million) towards further research into understanding the impacts of screen and gaming addiction in Australian children. “For (wife) Anna and I, one… [...]
- City News ServiceLAGUNA BEACH, Calif.—The name of a 39-year-old man who was struck and killed by a hit-and-run vehicle in Laguna Beach was released Sunday by the Orange County Sheriff’s Department. Officers… [...]
- City News ServiceLOS ANGELES—The three victims killed in a shooting that wounded four others at a gathering near Beverly Hills were women from Illinois and Arizona, authorities said Jan. 29. Iyana Hutton… [...]
- Bill PanFormer President Donald Trump on Saturday condemned the death of Tyre Nichols at the hands of five police officers in Memphis, Tennessee, saying that the tragedy “never should have happened.”… [...]
- Jack PhillipsAfter the Internal Revenue Service issued several releases warning about potentially lower tax refunds this filing season, some analysts say that it could put strain on some families who may… [...]
- Jack PhillipsFormer Walmart CEO Bill Simon warned that corporate layoffs might have a significant impact on the U.S. economy in the near future. “It’s crazy right now. We’re stuck in this… [...]
- The Associated PressWELLSBURG, Iowa—Authorities have identified the three children and one adult who died in a rollover crash in northern Iowa that also injured the nine other passengers Friday morning. The Iowa… [...]