{"id":5211,"date":"2020-04-09T09:25:26","date_gmt":"2020-04-09T09:25:26","guid":{"rendered":"https:\/\/www.mrpeasy.com\/blog\/?p=5211"},"modified":"2020-06-15T13:15:26","modified_gmt":"2020-06-15T13:15:26","slug":"week-15-in-manufacturing-news-2","status":"publish","type":"post","link":"https:\/\/www.mrpeasy.com\/blog\/week-15-in-manufacturing-news-2\/","title":{"rendered":"Week 15 in Manufacturing News"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">U.S. manufacturing activity contracted less than expected in March; UK Manufacturing Production rises by 0.5% MoM in Feb vs. +0.1% expected; Eurozone\u2019s two biggest economies sink into historic recessions; UK Office of Financial Sanctions Implementation Imposes First Substantial Fine.<\/p>\n\n\n\n<!--more-->\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/04\/week-15-in-manufacturing-news-1.jpg\" alt=\"week-15-in-manufacturing-news-1\" class=\"wp-image-5213\" srcset=\"https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/04\/week-15-in-manufacturing-news-1.jpg 1000w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/04\/week-15-in-manufacturing-news-1-300x200.jpg 300w, https:\/\/www.mrpeasy.com\/blog\/wp-content\/uploads\/2020\/04\/week-15-in-manufacturing-news-1-768x512.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">U.S. manufacturing activity contracted less than expected in March<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">U.S. manufacturing activity contracted less than expected in March, but disruptions caused by the coronavirus pandemic pushed new orders received by factories to an 11-year low, reinforcing economists\u2019 views that the economy was in recession.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: <a rel=\"noreferrer noopener nofollow\" aria-label=\"Reuters (opens in a new tab)\" href=\"https:\/\/www.reuters.com\/article\/us-usa-economy-jobs\/u-s-manufacturing-contracts-private-payrolls-post-first-drop-since-2017-idUSKBN21J5IR\" target=\"_blank\">Reuters<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">UK Manufacturing Production rises by 0.5% MoM in Feb vs. +0.1% expected<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Office for National Statistics (ONS) published the&nbsp;UK&nbsp;industrial and manufacturing production data on Thursday, with the overall industrial activity bettering expectations in February.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Manufacturing output arrived at +0.5% MoM in February versus +0.1% expectations and +0.2% booked in January, while total industrial output came in at +0.1% vs. +0.1% expected and +0.2% last.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: <a rel=\"noreferrer noopener nofollow\" aria-label=\"FXStreet (opens in a new tab)\" href=\"https:\/\/www.fxstreet.com\/news\/uk-manufacturing-production-rises-by-05-mom-in-feb-vs-01-expected-202004090615\" target=\"_blank\">FXStreet<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Eurozone\u2019s two biggest economies sink into historic recessions<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The German and French economies are in the grip of historic recessions which are set to wipe out many years of growth in only a few months, according to forecasts published on Wednesday as leading bodies warned of the impact of the coronavirus crisis on the global economy and trade.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: <a rel=\"noreferrer noopener nofollow\" aria-label=\"Financial Times (opens in a new tab)\" href=\"https:\/\/www.ft.com\/content\/ca3018d6-6ad9-49ce-985a-021eaa893a91\" target=\"_blank\">Financial Times<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">UK Office of Financial Sanctions Implementation Imposes First Substantial Fine<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In a sign that the UK Office of Financial Sanctions Implementation will be enforcing compliance with sanctions regulations more strictly going forward, it recently imposed a fine of \u00a320.47 million (US$25.1 million), its highest penalty ever, on Standard Chartered Bank for granting loans to a majority-owned subsidiary of a Russian sanctioned bank.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This significant penalty calls for financial institutions and companies to put in place effective sanctions regulation compliance measures as a matter of priority.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: <a rel=\"noreferrer noopener nofollow\" aria-label=\"Fried, Frank, Harris, Shriver &amp; Jacobson LLP&nbsp; (opens in a new tab)\" href=\"https:\/\/www.friedfrank.com\/siteFiles\/Publications\/FFITIAlertOFSIFinesStandardChartered04062020.pdf\" target=\"_blank\">Fried, Frank, Harris, Shriver &amp; Jacobson LLP<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. manufacturing activity contracted less than expected in March; UK Manufacturing Production rises by 0.5% MoM in Feb vs. +0.1% expected; Eurozone\u2019s two biggest economies sink into historic recessions; UK Office of Financial Sanctions Implementation Imposes First Substantial Fine.<\/p>\n","protected":false},"author":4,"featured_media":5213,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[56],"tags":[174,3,102,101],"class_list":["post-5211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-eu-manufacturing","tag-manufacturing","tag-uk-manufacturing","tag-us-manufacturing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Week 15 in Manufacturing News - Blog for Manufacturers and Distributors<\/title>\n<meta name=\"description\" content=\"Manufacturing news week 15. 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