{"id":5877,"date":"2020-07-30T09:01:41","date_gmt":"2020-07-30T09:01:41","guid":{"rendered":"https:\/\/www.mrpeasy.com\/blog\/?p=5877"},"modified":"2020-08-13T09:15:13","modified_gmt":"2020-08-13T09:15:13","slug":"week-31-in-manufacturing-news-2","status":"publish","type":"post","link":"https:\/\/www.mrpeasy.com\/blog\/week-31-in-manufacturing-news-2\/","title":{"rendered":"Week 31 in Manufacturing News"},"content":{"rendered":"\n

U.S. manufacturing sector regaining momentum, rising COVID-19 threatens recovery; CBI reports record drop in UK manufacturing as total orders dip; Economic Recoveries in U.S., Europe Take Diverging Paths; The Future Of Manufacturing: What Executives Are Saying.<\/p>\n\n\n\n\n\n\n\n

\"Two-business-partners\"<\/figure><\/div>\n\n\n\n

U.S. Manufacturing Sector Regaining Momentum, Rising COVID-19 Threatens Recovery<\/h2>\n\n\n\n

The improvement in manufacturing reported by the Commerce Department on Monday was driven by pent-up demand following the reopening of businesses. <\/p>\n\n\n\n

The budding recovery is threatened by a resurgence in new cases of the coronavirus, which has forced some authorities in the hard-hit South and West regions to either close businesses again or halt reopenings.<\/p>\n\n\n\n

Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, jumped 3.3% last month, the Commerce Department said. That was the biggest increase in these so-called core capital goods orders since July 2018 and followed a 1.6% rise in May. <\/p>\n\n\n\n

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

CBI Reports Record Drop in UK Manufacturing as Total Orders Dip<\/h2>\n\n\n\n

Hopes of a rebound in manufacturing output in the three months to July have been dashed by figures from the Confederation of British Industry that showed production volumes declined at a record pace and total orders fell at their fastest rate since October 1980.<\/p>\n\n\n\n

There were signs in the survey responses of improved levels of confidence among manufacturers, the CBI said. The quarterly business optimism balance recovered from -87 in April to -1 in July \u2013 which is about the average level seen in the 2010s. <\/p>\n\n\n\n

Source: The Guardian<\/a>.<\/p>\n\n\n\n

Economic Recoveries in U.S., Europe Take Diverging Paths<\/h2>\n\n\n\n

European countries could be benefiting from strict lockdowns pursued in spring and policies regarding mask-wearing, social distancing, large gatherings.<\/p>\n\n\n\n

The U.S. economy lagged in July and Europe\u2019s bounced back, according to fresh surveys of purchasing managers, evidence that the two economic powerhouses are recovering at different speeds from the coronavirus pandemic. <\/p>\n\n\n\n

Source: The Wall Street Journal<\/a>.<\/p>\n\n\n\n

The Future Of Manufacturing: What Executives Are Saying<\/h2>\n\n\n\n