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Week 5 in Manufacturing News
2 min read

Week 5 in Manufacturing News

How the coronavirus outbreak in China could hit manufacturing; Signs of a global recovery in manufacturing are starting to show; Connected Manufacturing 2020: What makes a good CDO?

How the coronavirus outbreak in China could hit manufacturing

“The sharp action taken by the Chinese government to basically delay workers going back to work is definitely going to cause some supply disruptions,” Liew, who is chief investment officer at REYL Singapore, told CNBC’s “Street Signs” on Thursday.

Source: CNBC

Signs of a global recovery in manufacturing are starting to show

The strength in global equities and other risk assets in recent months is, in part, due to optimism that a global cyclical recovery is beginning to take hold, following the severe manufacturing-led downturn in 2018 and 2019. However, this optimism in the financial markets contrasts with the much more pessimistic tone still emerging from economic forecasters about global growth prospects in 2020.

Source: Financial Times

Connected Manufacturing 2020: What makes a good CDO?

The Connected Manufacturing Leaders Summit in Berlin brings together Ops tech and Info Tech from some of the world’s biggest manufacturers; all of them on the quest for Industry 4.0.

Manufacturing Global was in the audience to hear a panel discussion packed with insight on “Connecting the ‘purpose’ to the data”.

Source: Manufacturing Global

U.S. economic growth was steady and in line with expectations last quarter, but overall growth in 2019 was weaker than the previous year.

Gross domestic product — which measures the value of goods and services produced inside the United States — grew at a 2.1 percent annual rate between October and December, the same as the previous three months, according to preliminary data released by the Commerce Department on Thursday.

The economy has not expanded by 3 percent or more in a full calendar year since 2005. Year-over-year growth was 2.3 percent in 2019, compared with 2.5 percent a year earlier.

Source: NY Times

The E.U. gave its official approval of Brexit, the last step in its internal procedures before Britain leaves the bloc tomorrow.

Following a sometimes emotional vote in the European Parliament on Wednesday, the countries remaining in the union gave a last seal of approval to the agreement on Britain’s withdrawal. In the end, the way the decision became final was vintage Brussels: bureaucratic and undramatic.

Source: NY Times


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