Exclusive: Treasury Secretary tells “Pod Force One” that China’s 30% share of global manufacturing is “too high” and warns it “can’t go any higher,” underscoring rising U.S. concerns over supply chain dependence, the New York Post reports
Browsing: manufacturing sector
Germany’s May flash manufacturing PMI registered at 48.8, just shy of the anticipated 48.9, highlighting a persistent contraction in the sector. This data underscores the ongoing hurdles faced amid economic uncertainties, suggesting that policymakers may need to consider adjustments to navigate these challenges effectively
China’s bold “Made in China 2025” initiative set out to revolutionize the nation’s manufacturing capabilities, yet it has drawn scrutiny for its heavy dependence on state backing and a lack of groundbreaking innovation. As the world evolves, experts are calling for a more flexible strategy that can keep pace with these dynamic changes
India’s factory activity growth has fallen to a 14-month low in February, reflecting a significant slowdown in demand. According to a recent report by Reuters India, this decline raises concerns about the country’s economic momentum amid global uncertainties.
Japan’s factory activity has shown signs of decline as weakening global demand impacts manufacturing output. The latest reports indicate a contraction in production, signaling potential challenges for Japan’s economy amid shifting market conditions.
Italy’s manufacturing PMI for February came in at 47.4, exceeding expectations of 46.8, indicating a slight improvement in economic activity. Despite remaining below the critical 50 threshold, this uptick suggests resilience in the sector amidst ongoing challenges.