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Data for October was revised lower to show production at factories falling 0.8% instead of by the previously reported 0.7%. US manufacturing output rises, outlook for factories weak Skip to main ...
Manufacturing is a vital economic sector in the United States of America. [1] The United States is the world's second-largest manufacturer after the People's Republic of China with a record high real output in 2021 of $2.5 trillion. [2] As of December 2016, the U.S. manufacturing industry employed 12.35 million people.
Government data on Thursday showed manufacturing output rose at an annualized rate of 0.9% in the fourth quarter. It grew 1.6% in 2023 compared to 0.8% in 2022.
Government data last month showed manufacturing growing at a 3.2% annualized rate in the third quarter and contributing to the economy's 3.1% pace of expansion during that period.
New data from S&P Global out Friday showed its manufacturing PMI increased to 50.1 in January, up from 49.4 in December and marking a seven-month high for the index. Readings above 50 indicate ...
The COVID-19 pandemic had a deep impact on the Canadian economy, leading it into a recession. The government's social distancing rules had the effect of limiting economic activity in the country. Companies started mass layoffs of workers, and Canada's unemployment rate was 13.5 percent in May 2020, the highest it has been since 1976. [1]
Human cases of COVID-19 disease in April "at American pork-processing plants, including in South Dakota and Iowa, have temporarily closed facilities and slashed the number of hogs being processed every day by an estimated 60,000." Manitoba hog producers were particularly unhappy because they used to market to the Americans.
U.S. manufacturing slumped further in June, reaching levels last seen when the nation was reeling from the initial wave of the COVID-19 pandemic, but price pressures at the factory gate continued ...