U.S. Manufacturing Output Softens in May

U.S. Manufacturing

New information has shown that production at U.S. factories unexpectedly fell in May, the latest in a string of cooling economic activity as the Federal Reserve aggressively tightens monetary policy to tame inflation. Slowing growth was indicated in other data showing a gauge of future economic activity declining in May for a third straight month. …

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Weekly Wrap Up For June 24th, 2022

 Norbert Ore, senior correspondent for Manufacturing Talk Radio discusses the latest Global Survey Insights on the 18 PMI reports from advanced economies around the world. There appears to be a softening in the expansion as if the air is slowly leaking out of the balloon. Listen in to find out why. New Rare Earth …

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Is a Recession Near?

recession

The following article is the cover story for this month’s issue of Manufacturing Outlook Digital Magazine. For a limited time, we’re offering Manufacturing Talk Radio listeners a FREE subscription. Visit Manufacturingoutlook.com to subscribe today!     By Tim Grady What’s Up? There is a swirl of factors rising into an economic tornado that could tear …

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Over 100 CEOs Urge U.S. Congress to Pass China Competition Bill

China Competition Bill

This past Wednesday, chief executives from companies like Google, Amazon and Microsoft called on Congress to pass legislation aimed at boosting U.S. economic competitiveness against China, including chip manufacturing. Over 100 executives signed a letter urging the U.S. House of Representatives and Senate, which each have passed different versions of the legislation, to reach an …

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Weekly Wrap Up for June 17th, 2022

 Dr, Chris Kuehl, Managing Partner at Armada Corporate Intelligence, launches The Flagship Reports, an Officer of the Watch briefing on aspects of the general economy, coupled with information from the Armada Strategic Intelligence System (ASIS) for manufacturing. ASIS provides 95% accuracy about conditions in durable goods and where that sector is headed near term. …

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New Rare Earth Manufacturing Facility to Open in Oklahoma

rare earth

This Tuesday, Oklahoma Governor Kevin Stitt and the President of USA Rare Earth announced plans for a $100 million metal and manufacturing facility in Stillwater that’s expected to create more than 100 jobs. “Currently, the United States, European Union, Japan, and much of the developed world is largely reliant on China for critical rare earth …

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Weekly Wrap Up For June 10th, 2022

Nancy LeMaster, committee chair for the Institute for Supply Management’s Hospital Purchasing Managers Report on Business with the latest report. Michigan Governor Announces $1.5 Million for Semiconductor Investments SEMI, the global industry association that unites the entire electronics manufacturing and design supply chain, Michigan Governor Gretchen Whitmer, and the Michigan Economic Development Corporation recently announced …

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U.S. Investigates Chinese Companies Over Export Sanction Issues

China Sanctions

U.S. Commerce Secretary Gina Raimondo said on Tuesday that the Biden administration is actively considering adding new Chinese companies to the government’s economic blacklist as it investigates what it calls efforts by China to evade U.S. sanctions. The Commerce Department’s Entity List is used to restrict access to U.S. exports. Raimondo told reporters that the …

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Chinese EV Maker NIO Looking to Expand to U.S.

According to a new report from China Business News, Chinese EV producer NIO is looking to hire a number of positions related to manufacturing vehicles in the U.S. The recruitment descriptions suggest the Chinese automaker intends to begin planning and erecting EV production facilities on U.S. soil that may start with complete knock-down (CKD) or …

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Michigan Governor Announces $1.5 Million for Semiconductor Investments

Semiconductor Manufacturing

SEMI, the global industry association that unites the entire electronics manufacturing and design supply chain, Michigan Governor Gretchen Whitmer, and the Michigan Economic Development Corporation recently announced new funding for the SEMI Foundation that will see the development of the SEMI Career and Apprenticeship Network (SCAN) in the state. The recently approved CHIPS Act is …

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