In December, China’s factory output fell to its lowest level since February 2020, according to the country’s National Statistics Bureau, and as we report in “Asian Factory Output Slows Under Sluggish Global Demand” in this issue.
Tag: jan 10 2023
States and localities that lost manufacturing jobs to Asia in past decades are getting some back now as the U.S. battery industry flourishes.
Sweden said it is prepared to dramatically increase its domestic nuclear energy production and expressed hope for France, Europe’s top producer, for help to achieve its goals.
In December, the S&P Global Market Intelligence purchasing managers index (PMI) for manufacturing in Vietnam slipped to 46.4 from 47.4 in November, its lowest rating since September 2021.
The UN Food and Agriculture Organization’s (FAO’s) food price index, which tracks costs of the world’s most common commodity foods, jumped 14.3 percent last year to bring food prices to their highest on record.
The global economy in 2023 faces lingering high-interest rates, sharpened rivalry between the U.S. and China, the ongoing mess in Ukraine, and debt bombs exploding in developing economies, speakers at this year’s annual meeting of the American Economic Association in New Orleans said last week.
This is week 22 of our report of job losses, and with each passing week, the losses grow larger.
OpenAI, the private company that developed ChatGPT, an artificial intelligence that converses in natural language, is seeking to raise capital in deals that would value the company at $30 billion, the Financial Times reported.
U.S. companies leased 132 million square feet of warehouse space in 2022’s final quarter, 28.2 percent less than in the third quarter, real estate services firm Cushman & Wakefield reported.
Last year, the U.S. auto industry sold 13.7 million vehicles, 8 percent fewer than in 2021 and the fewest since 2011 during the Great Recession, data firm Wards Intelligence shows.