New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar.
Manufacturing
China's manufacturing PMI at 78-month low
The Chinese manufacturing sector registered its worst performance in the past 78 months. The measure of sentiment among purchasing managers, Preliminary Caixin China manufacturing index (PMI) dropped to 47 in September from 47.3 in August.
China manufacturing woes continue: PMI index slips below 50 pts
Several measures gauging the manufacturing industry activity are showing discouraging results. The latest manufacturing gauging index slipped below 50, which indicates the deceleration in the manufacturing industry, falling to 49.7 in August.
New York Manufacturing Index shrinks to -14.92 level; its lowest since 2009
A steep plunge in both new orders and shipments sent manufacturing activity in New York state tumbling down to its lowest level since 2009. This was the revelation showed by a survey conducted by the New York Federal Reserve.
Chipmaker AMD cuts revenue estimate, citing weak PC sales
Chipmaker Advanced Micro Devices Inc lowered its revenue estimate for the second quarter, below analysts' average estimate, saying the demand for personal computers was weaker-than-expected.
Latest News
China's factories suffered their fastest drop in activity in a year in April as new orders shrank, a private business survey showed on Monday, hardening the case for fresh stimulus measures to halt a slowdown in the world's second-largest economy.
Manufacturing activity growth remained sluggish in some of the world's major economies in April, suggesting that global economic growth remains "moderate and uneven," as the International Monetary Fund described it in its World Economic Outlook in April.
U.S. factory activity failed to gain steam in April after slowing for five straight months and demand for automobiles softened, suggesting the economy was struggling to find momentum after growth almost stalled in the first quarter.
Expansion in the U.S. manufacturing sector weakened in April as growth in output and new orders fell, according to an industry report released on Friday.
Japanese manufacturing activity contracted in April for the first time in almost a year as domestic orders and output fell, which could fuel concerns that the country's modest economic recovery is losing momentum.
Ketchup maker H.J. Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc (BRKa.N) and Brazilian private equity firm 3G Capital, will combine with Kraft Foods Group Inc
China National Chemical Corp (ChemChina) is to buy Pirelli (PECI.MI), the world's fifth-largest tire maker, in a 7.1 billion euro ($7.7 billion) deal that will place one of the symbols of Italy's manufacturing industry in Chinese hands.
Boeing Co (BA.N) has started using a new automated system to build wing panels for 737 jetliners, an important step in preparing to hit record production speeds while introducing new models of the popular plane.
Activity in China's mammoth factory sector edged up to a four-month high in February but export orders shrank at their fastest rate in 20 months, a private survey showed, painting a murky outlook that argues for more policy support.
