Tag: China
Global manufacturing PMI reports slower contraction in August
The global manufacturing sector remained in contraction in August, albeit at a slower pace, as rates of contraction ease for output and new orders, according to J.P. Morgan.
China’s manufacturing PMI inches higher in August to 51.0
The Caixin China General Manufacturing PMI has increased from 49.2 in July to 51.0 in August, beyond the neutral 50.0 level, indicating a further improvement in the sector's health, which had improved in three of the previous four months.
BYD celebrates five million new energy vehicles produced
BYD, one of the largest plug-in electric vehicle manufacturers, has rolled off its five millionth new energy vehicle (NEV), making it the first automaker in the world to achieve this milestone.
Global Manufacturing PMI faces further downturn amid slowdown in new orders – JP Morgan
The global manufacturing sector has remained in recession as July saw output fall even more amid the drop in new order intakes, which continued for the thirteenth month in a row, according to the latest Purchasing Manager’s Index (PMI) report from JP Morgan.
Bosch begins mass production of its fuel-cell power module
Bosch, a global technology and service provider, is ushering in the hydrogen era of mobility by ramping up commercial manufacturing of its fuel-cell power module at its Stuttgart-Feuerbach facility.
New research says growing demand for innovative foods in Asia opens up export opportunities
A recent study by independent alternative proteins think tank, Food Frontier, has found that a burgeoning market for alternative proteins in Asia presents an opportunity for Australian and New Zealand manufacturers.
Global Manufacturing PMI slips further amid new order intakes decline, says JP Morgan
Conditions in the global manufacturing industry have seen a decline in June as output shrinks to contraction, dragged by a decrease in new order intakes, according to the latest global manufacturing PMI report.
Australian cable manufacturer utilises DB Schenker services to enhance client offerings
Prysmian, a provider of Australian-manufactured cabling solutions, is improving customer experience by using DB Schenker's freight solutions to export from Australia to New Zealand and import components from China to Australia, with a focus on Full Container Load (FCL) ocean freight.
Australian manufacturing industry sees most decline in last 15 years— report
The Australian manufacturing industry has shrunk in the last 15 years more than any other sector, making it “Australia’s most endangered industry,” according to a report from Australian climate tech startup Conry Tech.
Fonterra raises earnings forecast, announces lower prices for next season
New Zealand dairy giant Fonterra raised its fiscal 2023 earnings forecast today amid ongoing strong margins in protein and cheese portfolio and said it expects to pay a lower price for milk to its farmers next season.