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Manufacturing has been undercut by the Federal Reserve hiking interest rates by 5.25 percentage points in 2022 and 2023 to tame inflation. The U.S. central bank started its policy easing cycle in ...
WASHINGTON (Reuters) -U.S. manufacturing contracted at a moderate pace in November, with orders growing for the first time in eight months and factories facing significantly lower prices for inputs.
WASHINGTON (Reuters) - US manufacturing activity slumped to a 15-month low in October and factories faced higher prices for inputs, the Institute for Supply Management (ISM) said on Friday.
Manufacturing, which accounts for 10.3% of the economy, continues to tread water in the aftermath of the U.S. central bank's aggressive monetary policy tightening between March 2020 and July 2023.
Manufacturing output rose 0.3% in November, the Federal Reserve said on Friday. Data for October was revised lower to show production at factories falling 0.8% instead of by the previously ...
WASHINGTON (Reuters) -U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid by factories for inputs to a six-month ...
In October 2022, Group14 announced it received $100 million as part of the Battery Materials Processing and Battery Manufacturing award from the US Department of Energy's Office of Manufacturing and Energy Supply Chains (MESC). [15] [16] In April 2023, Group14 announced plans to build a second factory in Moses Lake, Washington. [12] [17] [18]
By Lucia Mutikani. WASHINGTON (Reuters) -U.S. manufacturing grew for the first time in 1-1/2 years in March as production rebounded sharply and new orders increased, but employment at factories ...