Fears are growing over the state of the UK economy as it emerged that the manufacturing sector shrank by about 4% this year and is forecast to decline by a further 3.2% in 2023. Increasing raw material costs, sagging consumer demand, staff shortages and higher borrowing costs have collectively formed […]
Manufacturing sector
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Manufacturing sector facing two bleak years of contraction as deteriorating economic conditions at home and abroad take their toll By Daily Mail City & Finance Reporter Published: 21:50 GMT, 11 December 2022 | Updated: 21:50 GMT, 11 December 2022 Britain’s manufacturing sector is set for two successive years of contraction […]
Autonomous robots assemble an X model SUV at the BMW manufacturing facility in Greer, South Carolina, U.S. November 4, 2019. REUTERS/Charles Mostoller Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 1 (Reuters) – U.S. manufacturing activity picked up in May as demand for goods remains strong, which […]
WASHINGTON(Reuters) – U.S. manufacturing activity unexpectedly picked up in August amid strong order growth, but a measure of factory employment dropped to a nine-month low, likely as workers remained scarce. FILE PHOTO: Autonomous robots assemble an X model SUV at the BMW manufacturing facility in Greer, South Carolina, U.S. November […]
Following its departure from the European Union and as the UK looks to recover from the many impacts of the Covid-19 pandemic, the country is seeking new economic growth opportunities. The good news is that the industries in which the UK excels are ready to strike new partnerships, forge new […]
SHANGHAI, April 2 (Reuters) – China stocks rose on Friday and looked set to post their second straight weekly gain, as investors were encouraged by recent data pointing to a solid recovery in the world’s second-largest economy. ** The CSI300 index rose 0.9% to 5,156.13 by the end of the […]
President Joe Biden has revealed his huge infrastructure and economic recovery plan in the United States. The proposal looks to improve transportation infrastructure, water systems, broadband and manufacturing. These elements are designed to rebuild the nation. But the plan will require changes to current financial rules and tax hikes to […]
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 26, 2021. REUTERS/Staff (Reuters) – European stocks edged closer to a record high on Monday on optimism over a global economic recovery, while Credit Suisse tumbled following a warning of “significant” […]