{"id":5734,"date":"2020-07-02T08:09:58","date_gmt":"2020-07-02T08:09:58","guid":{"rendered":"https:\/\/www.mrpeasy.com\/blog\/?p=5734"},"modified":"2020-07-02T08:42:27","modified_gmt":"2020-07-02T08:42:27","slug":"week-27-in-manufacturing-news-2","status":"publish","type":"post","link":"https:\/\/www.mrpeasy.com\/blog\/week-27-in-manufacturing-news-2\/","title":{"rendered":"Week 27 in Manufacturing News"},"content":{"rendered":"\n

Top US manufacturing index jumped the most since 1980 in June as reopenings spurred growth; U.S. manufacturing activity hits 14-month high; UK manufacturers outpace Europe; German manufacturing contraction eases in June: PMI.<\/p>\n\n\n\n\n\n\n\n

\"\"<\/figure>\n\n\n\n

Top US Manufacturing Index Jumped the Most Since 1980 in June as Reopenings Spurred Growth<\/h2>\n\n\n\n

A key measure of US manufacturing leaped back into growth territory in June as factories reopened and state economies turned back online. <\/p>\n\n\n\n

The\u00a0Institute for Supply Management’s\u00a0manufacturing index surged 9.5 points to 52.6 last month, its biggest increase since 1980. June’s increase brings the metric to a 14-month high and pushes it above the key threshold of 50 for the first time since February. <\/p>\n\n\n\n

Source: Business Insider<\/a><\/p>\n\n\n\n

U.S. Manufacturing Activity Hits 14-Month High<\/h2>\n\n\n\n

WASHINGTON (Reuters) – U.S. manufacturing activity rebounded in June, hitting its highest level in more than a year as the broader economy reopened, but rising COVID-19 infections threaten the recovery. <\/p>\n\n\n\n

The Institute for Supply Management (ISM) said on Wednesday its index of national factory activity jumped to a reading of 52.6 last month from 43.1 in May. That was the strongest since April 2019 and ended three straight months of contraction. <\/p>\n\n\n\n

Source: Reuters<\/a><\/p>\n\n\n\n

UK Manufacturers Outpace Europe <\/h2>\n\n\n\n

British firms show return to growth while eurozone manufacturers are still stuck in decline, surveys show.<\/p>\n\n\n\n

The UK is leading Europe\u2019s manufacturing revival as industry springs back into action after lockdown.
<\/p>\n\n\n\n

Source: The Telegraph<\/a><\/p>\n\n\n\n

German Manufacturing Contraction Eases in June: PMI<\/h2>\n\n\n\n

BERLIN (Reuters) – Germany\u2019s manufacturing sector contracted at a slower pace in June, a survey showed on Wednesday, as factories ramped up production after restrictions to constrain the spread of the coronavirus were lifted. <\/p>\n\n\n\n

IHS Markit\u2019s final Purchasing Managers\u2019 Index (PMI) for manufacturing, which accounts for about a fifth of the German economy, rose to a three-month high of 45.2 from 36.6 in May. That was still below the 50 mark that separates growth from contraction but above a flash reading of 44.6. <\/p>\n\n\n\n

Source: Reuters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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