Jul. 15, 2024 8:43 AM ETBy: Liz Kiesche, SA News Editor tunart/E+ via Getty Images The Empire State Manufacturing Index fell to -6.60 in July vs. -5.50 consensus and -6.00 in June. Business activity continued to decline modestly in New York state in July, with new orders remaining steady asContinue Reading
jetcityimage/iStock Editorial via Getty Images Cummins (NYSE:CMI) said Thursday it was awarded a $75M federal grant to convert 360K sq ft of existing manufacturing space at its Columbus engine plant in Indiana for zero-emissions components and electric powertrain systems. Cummins (CMI) said the grant, which is part of the appropriationsContinue Reading
da-kuk Blue Bird Corporation (NASDAQ:BLBD) formally announced on Thursday that it has been selected to receive an $80 million grant from the U.S. Department of Energy to expand the company’s electric vehicle manufacturing capabilities and related workforce development efforts. The DOE funding is part of the U.S. government’s previously announcedContinue Reading
Mullen Automotive (NASDAQ:MULN) on Tuesday said that its subsidiary Bollinger Motors has reached an agreement to sell five all-electric Class 4 Bollinger B4 commercial trucks to Spencer Manufacturing. The company added that the vehicle order is valued at about $825K. Spencer Manufacturing will take possession of the vehicles after BollingerContinue Reading
bluejayphoto The HCOB Germany Manufacturing PMI was little changed at 43.5 in June, compared to a preliminary of 43.4 and a four-month high of 45.4 in May. The reading pointed to a fresh setback of the manufacturing sector at the end of the second quarter, with the rates of contractionContinue Reading
Ramberg/E+ via Getty Images Manufacturing PMI in France dropped to 45.40 points in June from 46.40 points in May 2024, indicating a solid and accelerated pace of decline in the manufacturing sector. Consensus estimates were at 45.3. Key findings include: new orders decrease at quicker pace, weighing on production; acceleratedContinue Reading
Jul. 01, 2024 4:01 AM ETEuro / US Dollar (EUR:USD), USD:EUREWG, GF, EWI, EWQ, USD, FGM, HEWG, DAXBy: Arundhati Sarkar, SA News Editor rarrarorro/iStock via Getty Images Manufacturing PMI in the Euro Area decreased to 45.80 points in June from 47.30 points in May. ETFs: (EWG), (GF), (EWI), (EWQ), (FGM),Continue Reading
ronniechua/iStock via Getty Images The Judo Bank Australia Manufacturing PMI dropped to 47.2 in June 2024 from 49.7 in May, marking the fifth consecutive monthly deterioration in manufacturing sector conditions and at the fastest pace since May 2020, final data showed. Manufacturing production contracted in June amid fewer new ordersContinue Reading
CGinspiration/E+ via Getty Images Spain’s Manufacturing PMI ((Purchasing Managers’ Index)) dropped to 52.30 points in June from 54 points in May 2024, signalling a slower, and more modest rate of expansion. Supporting the PMI in June were concurrent, but slower, increases in both output and new orders. Manufacturers also notedContinue Reading
manassanant pamai The au Jibun Bank Japan Manufacturing PMI was revised lower to 50.0 in June 2024 from a preliminary reading of 50.1 and after a final 50.4 in May, marking the 2nd straight month of expansion in the manufacturing sector supported by sustained job creation, the clearing of backlogs,Continue Reading
