Category: manufacturing index

Skyrocketing Energy Bills Deal Death Blows to Europe’s Factories

Europe’s factories have begun succumbing to dangerously escalating energy bills following retaliatory Russian cutbacks, resulting in an inflation rate of more than 9 percent and a dip in industrial production, which is expected to worsen in coming days. Industrial production for July 2022 decreased by 2.3 percent in the eurozone—i.e., the 19 countries that use…


Philly Fed Manufacturing Data Disappoints, Adding to Signs of a Softening Economy

The manufacturing sector in the Philadelphia region saw a modest contraction in June, according to a report released by the Federal Reserve Bank of Philadelphia on June 16. The Philly Fed Manufacturing Business Outlook Survey’s diffusion index for current general activity fell to -3.3 in June from 2.6 in May, missing the widely anticipated market…


Manufacturing Output Decreases Pace Due to Persistent Material Shortages: IHS Markit Survey

U.S. manufacturing output has slowed down, according to data from a survey of purchasing managers amidst restrained demand in the market, mainly owing to severe material shortages that have resulted in longer production lead times and work backlogs. “With the exception of October and November, the pace of output growth was the slowest since October…