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Production at U.S. factories slowed more than expected in August amid disruptions from Hurricane Ida and lingering shortages of raw materials and labor as the COVID-19 pandemic drags on.
By Reuters Staff (Adds detail, outlook) BANGKOK, April 28 (Reuters) - Thailand’s manufacturing production index (MPI) in March rose for the first time in 23 month, due to improved global demand and a low base effect, and is likely to increase again in April, the industry ministry said on Wednesday. The MPI’s rise of 4.12% from a year earlier was also its fastest pace in 29 months, although slightly below a forecast for a 4.4% increase in a Reuters poll. While a third wave of COVID-19 infections has slowed economic activity, the manufacturing sector has not been affected, ministry official...
6 Min Read WASHINGTON (Reuters) - U.S. retail sales fell more than expected in February amid bitterly cold weather across the country, but a rebound is likely as the government disburses another round of pandemic relief money to mostly lower- and middle-income households. The harsh weather also took a bite out of production at factories last month as the deep freeze in Texas and other parts of the South put some petroleum refineries, petrochemical facilities and plastic resin plants out of commission. The setback is probably temporary, with the strongest economic growth since 1984 anticipated...
By Reuters Staff 3 Min Read FILE PHOTO: An employee works at the Kirsh Foundry in Beaver Dam, Wisconsin, U.S., April 12, 2018. Picture taken April 12, 2018. REUTERS/Timothy Aeppel WASHINGTON (Reuters) - Output at U.S. factories increased more than expected in January even as a shortage of semiconductors weighed on the production of motor vehicles, pointing to resilience in the manufacturing sector recovery. Manufacturing production rose 1.0% last month after gaining 0.9% in December, the Federal Reserve said on Wednesday. That was the ninth straight monthly advance in factory production. Eco...
U.S. manufacturing output increased more than expected in December, but disruptions to the supply chain as the relentless pandemic keeps some workers at home could slow production in the months ahead.