Manufacturing lost 18,000 jobs last month, with non-durable goods industries taking the biggest hit as the novel coronavirus (COVID-19) slammed the economy.
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Worldwide light-vehicle sales are forecast to tumble 22 percent this year as the novel coronavirus (COVID-19) hits the global economy and depresses demand, IHS Markit said today.
Manufacturing contracted again in May but there were signs of improvement, the Institute for Supply Management said today in a monthly report.
Demand for oil and natural gas pipe is forecast to grow 11 percent annually to $15.4 billion in 2022, a strong recovery from severe declines seen during the 2012-2017 period. Growth will be driven by an expected increase in drilling activity as oil prices continue to recover from 2016 lows.
U.S. manufacturing lost 1.33 million jobs in April as the novel coronavirus (COVID-19) slammed the economy.
Machine tool orders rose in May as the industry recovers from a two-year slump, the Association for Manufacturing Technology (McLean, VA) said in a monthly report.
Manufacturing employment ended 2018 on a strong note, recording a gain of 32,000 jobs in December.
U.S. manufacturers cut 12,000 jobs in December, with job losses spread across industries.
US manufacturing strengthened in February, attaining its best level in 30 months, the Institute for Supply Management said today.
Manufacturing faces “continued risk for disruption” and uncertainty in 2020, consulting firm Deloitte said in a report.