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UK car production slumps, while EV manufacturing surges in 2022

The latest result rounds off a volatile year for UK car production, with output down by 17.9 per cent in the month after growth in October and November, with most of the year’s volume loss occurring in the first half. 

Global CEO confidence collapses to bleakest record in 12 years

Chief executive officers around the world are expecting a bleak future, with nearly three-quarters of them believing that global economic growth will decline over the next 12 months. 

Small business optimism declines as expectations for better business conditions worsens in December

The NFIB Small Business Optimism Index declined 2.1 points in December to 89.8, marking the 12th consecutive month below the 49-year average of 98.

SK Geo Centric signs MOU at CES 2023 with Plastic Energy to complete a...

SK Geo Centric, a subsidiary of SK Innovation’s, has signed a contract with British company Plastic Energy, which specializes in plastic pyrolysis, completing the “last puzzle” of the world’s first plastic recycling complex to be built in 2025.

L3Harris receives VAMPIRE contract for Ukrainian security defence efforts

L3Harris Technologies has announced receiving a $40 million Department of Defense contract to deliver 14 Vehicle Agnostic Modular Palletized ISR Rocket Equipment -- or VAMPIRE™ multi-purpose weapons system - to strengthen Ukrainian security defence efforts.

Foxconn partners with NVIDIA to build automated electric vehicles

Media Release by NVIDIA NVIDIA and Hon Hai Technology Group, the world’s largest technology manufacturer, recently announced a strategic partnership to develop automated and autonomous...

US manufacturing sector sees fastest PMI deterioration in December

US manufacturers have seen a steep decline in the health of the industry during the last month of 2022, according to the latest PMI...

AIB Ireland Manufacturing PMI: New orders fall at faster rate in December

The Irish manufacturing sector recorded a second month of deteriorating operating conditions in December as new orders fell sharply, according to the latest AIB PMI® data. 

Eurozone’s final manufacturing PMI in 2022 rises to 3-month high

Eurozone’s manufacturing sector has eased up further in the last month of 2022 following softer inflationary pressures and more stable supply-chain conditions created some respite for goods producers. 

New business index drags down US PMI Composite Output in December

December has seen a further decline in output for US private sector firms, according to the latest flash PMI data from S&P Global. 
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