Klang Valley Storm Causes Disruptions Amid Legal and Community Challenges
The Klang Valley faces significant disruptions following a severe evening storm, with fallen trees and traffic incidents. Former Prime Minister Najib Razak’s defense in the 1MDB case continues to make headlines as the High Court prepares for a crucial ruling. Meanwhile, the Malaysian Meteorological Department warns of heavy rainfall ahead, and a grieving community rallies around a family after a tragic accident. Stay informed on these pressing issues affecting Malaysia.
Manufacturing Sector Faces Continued Contraction, ISM Report Reveals
The July Manufacturing ISM® Report reveals continued contraction in the U.S. manufacturing sector, with the Purchasing Managers’ Index (PMI®) dropping to 46.8%. Key metrics, including the New Orders Index and Production Index, indicate weakening demand and output. Despite the overall economy remaining in expansion, manufacturers face significant challenges, including reduced employment levels and tighter supply chains. The report underscores the importance of monitoring these trends as they may impact the broader economy.
UK Manufacturing Activity Slows Down in June, S&P Global Report Shows
The UK manufacturing sector experienced a slowdown in June, with the Purchasing Managers’ Index dropping to 50.9. Despite this, new business showed growth while purchase prices surged. Challenges in export performance were noted, but domestic market performance remained positive, offering opportunities for growth.
Shin-Etsu Chemical Introduces Revolutionary Semiconductor Manufacturing Method
Shin-Etsu Chemical introduces a revolutionary manufacturing method for semiconductor package substrates, utilizing excimer laser technology in the Shin-Etsu dual damascene method. This innovative approach eliminates the need for an interposer, reducing costs and streamlining production. The advancement holds great promise for chiplet technology, simplifying assembly processes and enhancing efficiency in semiconductor manufacturing.
New Flame-Retardant Photopolymer Developed for Aircraft Cockpit Components
Learn about the latest flame-retardant photopolymer designed for Additive Manufacturing (AM) to meet aerospace standards. Join the free webinar on May 21 featuring experts from the University of Dayton Research Institute and 3D Systems to explore the innovative material for aircraft cockpit components.
Stock Market Sees Dow End 240 Points Lower as Bond Yields Climb
The stock market today saw the Dow ending 240 points lower as bond yields climbed. The S&P 500 traded near unchanged, and the Dow Jones Industrial Average edged further into negative territory after a closely watched survey of U.S. manufacturing activity unexpectedly returned to expansion territory. The Institute for Supply Management’s manufacturing index rose to an 18-month high of 50.3% in March from 47.8% in the prior month, surpassing economists’ predictions. Figures above 50% signal an expansion in activity. The strong data appeared to fuel a selloff in Treasurys, sending yields higher and softening stock indexes. March marked the first time in 17 months that the barometer of business conditions at American manufacturers turned positive, indicating a potential revival in the industrial sector. The DJIA (Dow Jones Global) closed at 39,180.02, showing a 0.02% increase, while the S&P 500 (S&P US) closed at 5221.14, with a 0.29% increase. The Nasdaq (NASDAQ) closed at 16,320.78, up by 0.49%.
China’s Manufacturing Sector Facing Challenges Amidst Global Geopolitics
China’s manufacturing sector is facing challenges amidst global geopolitics and competition, but is countering headwinds with a robust supply chain framework and policies fostering industrial advancement. Despite some labor-intensive goods production shifting to other countries, China’s deep integration into the global value chain has led many companies to continue importing intermediate products from China. With a growing focus on transformation and upgrading, China’s industries are showcasing their potential, with statistics revealing the country’s leading position in global industrial output and value-added production.
ISM to Release February US Manufacturing PMI Report
The Institute for Supply Management (ISM) is set to release the highly anticipated February United States (US) Manufacturing Purchasing Managers’ Index (PMI), a reliable indicator of the US manufacturing sector’s health and the overall economy. Market players will pay close attention to the figures, which are expected to improve, as well as the ISM Prices Paid Index and the Employment Index. The upcoming release is expected to provide valuable insights into the state of the US manufacturing sector and potential market impacts.
South African Manufacturer Sentiment Slumps to Lowest Level Since 2020 Lockdown
A gauge measuring South African manufacturer sentiment has slumped to the lowest level since the strictest months of the Covid-19 lockdown in 2020, as demand and activity deteriorated sharply. Absa Group Ltd.’s purchasing managers’ index, compiled by the Bureau for…
Private Sector in Germany Remains in Downturn, US Output Growth Reaches Fastest Pace
The latest HCOB ‘flash’ PMI® survey compiled by S&P Global showed that the private sector in Germany remained in a downturn as business activity fell for a seventh straight month in January. The survey also indicated signs of broad-based weakness…