manufacturing – BOL News Staging

China’s June manufacturing inflation slows down but consumer prices rise

July 9, 2022 by Maryam nadeem

China’s factory-gate inflation cooled in June to the lowest in 15 months. Consumer inflation rose to the highest in nearly two years. The producer price index (PPI) rose 6.1% year-on-year, after a 6.4% rise in May. 19 lockdowns were lifted in June, but some areas have reported flare-ups in infections. China’s June manufacturing plant entryway … Read more

New orders for US manufacturing goods climbed in May

July 5, 2022 by Muhammad Humair Qureshi

US factory orders increased 1.6%, up from 0.7% in April.
Data follows a string of negative figures on consumer spending.
In May, the Federal Reserve raised interest rates by 0.5 percentage points, followed by a more aggressive 0.75 percentage point hike in June.

In May, US factory orders grew more than anticipated, indicating that demand remained robust despite soaring inflation and rising interest rates.

In May, factory orders increased 1.6%, up from 0.7% in April, according to data released by the US Census Bureau on Tuesday. Refinitv’s survey of economists predicted a 0.5% increase.

As a proxy for business investment, new orders for non-defense capital goods excluding aircraft increased by 0.6% in May, following an increase of 0.5% in April.

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US manufacturing slowed in June as demand waned

July 1, 2022 by Muhammad Humair Qureshi

US manufacturing slowed in June as demand waned. Percentage of new orders decreased to 49.2% from 55.1% in May. Price hikes began to moderate, and supply chain restrictions appeared to loosen. The index for supplier deliveries slowed, and the index for stocks climbed only marginally. As increasing interest rates and inflation drive consumers to tighten … Read more

Samsung Elec begins manufacturing 3-nanometer chips

June 30, 2022 by Maryam nadeem

Samsung Electronics has begun mass producing chips with advanced 3-nanometre technology. The South Korean firm did not name clients for its latest foundry technology. Analysts say Samsung itself and Chinese companies are expected to be among the initial customers. Samsung’s foundry business will look for new clients in China, where it expects high market growth. … Read more

May manufacturing output in Japan saw its steepest decline in two years

June 30, 2022 by Maryam nadeem

Japan’s factory output posted the biggest monthly drop in two years in May. The decline comes as China’s COVID-19 lockdowns and semiconductor and other parts shortages hit manufacturers. Worrying signs for an economy struggling to mount a strong recovery from recession. Japan’s plant yield posted the greatest month-to-month drop in two years in May as … Read more

Samsung Reduces its Smartphone Production by 30 Million

May 29, 2022 by Laiba Khan

Samsung is expected to decrease its smartphone manufacturing by 30 million units, according to recent estimates. The world has changed dramatically since the Covid-19 pandemic. Companies have found it challenging to stay afloat in the market due to supply chain bottlenecks and financial challenges. According to a new report from Maeil Business in South Korea, … Read more

UK’s economic growth has slowed due to manufacturing declines

April 11, 2022 by Muhammad Zubair

Britain’s economic growth slowed in February due to losses in the manufacturing of automobiles, computers, and chemicals. The Office for National Statistics said Monday that gross domestic product climbed by only 0.1 percent from the previous month, well below the 0.8 percent rise reported in January. Last month, the output of productive industries, which includes … Read more

Hard tech players now adored by more investors

January 30, 2022 by Muhammad Zubair

BEIJING: Chinese investors are pivoting to new opportunities in hard technologies with venture capital investments in related areas hitting a new high, which experts believe will help replicate the success of the consumer internet in new growth. Hard tech, which is also known as deep tech, is the term coined for areas that rely heavily … Read more

The General Tyre and Rubber Company

January 16, 2022 by Muhammad Zubair

The General Tyre and Rubber Company of Pakistan Limited was incorporated in Pakistan on March 7, 1963 as a private limited company and was subsequently converted into a public limited company. GTYR is engaged in the manufacturing and trading of tyres and tubes for automobiles and motorcycles. Net sales in value terms for the first … Read more

China factory activity edges up in December as commodity prices ease

December 31, 2021 by Muhammad Zubair

BEIJING: Manufacturing activity in China edged up in December, official data showed Friday, beating expectations as the price of commodities eased and despite sporadic closures due to Covid outbreaks. The Purchasing Managers’ Index (PMI), a key gauge of manufacturing activity, in the world’s second biggest economy rose to 50.3, remaining above the 50-point mark separating growth … Read more

World’s largest computer chip enters Mideast to push AI adoption further

November 24, 2021 by Muhammad Zubair

DUBAI: It seems only fitting that the world’s biggest computer chip, developed by US-based Cerebras, be deployed in the Middle East, home to some of the world’s entertaining superlatives, biggest tower, deepest swimming pool, among many other ‘firsts’, Arab News reported. But this chip, roughly 9 inches on each side, promises more than just entertainment and a … Read more

US industrial output drops 1.3% in Sept amid supply issues: Fed

October 18, 2021 by Gohar Ali Khan

WASHINGTON: Output by US industries fell 1.3 per cent last month amid continued supply constraints hindering manufacturing, the Federal Reserve reported on Monday. Declines were apparent across multiple categories, but stark in the auto sector, with production of motor vehicles and parts falling 7.2 per cent “as shortages of semiconductors continued to hobble operations,” the … Read more

Vivo: Chinese smartphone company sets up production unit in Pakistan

August 13, 2021August 13, 2021 by Muzzammil Mehboob

Vivo, a Chinese mobile manufacturing company, has set up a production plant in Pakistan. Abdul Razaq Dawood, in a series of tweets, congratulated Vivo, mentioning that this development will not only create job opportunities but also make smartphones more accessible to people across the country at lower costs. “I congratulate Vivo Pakistan Mobile on setting … Read more

Proposed policy aims at expansion of auto industry in Pakistan: Tarin

April 15, 2022July 29, 2021 by Web Desk

ISLAMABAD: The proposed Auto Industry Development and Export Policy (AIDEP) aims at expansion of the auto industry in Pakistan by increasing the production of cars, motorcycles, tractors, etc, a senior government official said on Thursday. Presiding over the meeting to review the draft Auto Industry Development and Export Policy 2021/26, Federal Minister for Finance and … Read more

Chinese investment in Pakistan to expedite once Covid subsides: adviser

July 8, 2021 by Web Desk

ISLAMABAD: The coronavirus pandemic had restricted the movement of investors, especially from China but it would pick pace once the Covid-19 subsided, a senior government official said. Addressing a conference, organised by the Pakistan-China Institute, Adviser to the Prime Minister on Commerce Razak Dawood said: “More Chinese investors will visit Pakistan to explore the existing … Read more

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