As China has begun to impose restrictions on rare earths, a one-year pause not withstanding, the U.S. is racing to build up its own supply chain.
Manufacturing is up. Manufacturing is down. And there’s no government data to help settle the question.
Manufacturers face increased costs from tariffs and are putting off hiring more workers.
The Institute for Supply Management’s Purchasing Managers Index showed worse-than-expected performance for manufacturing, but construction growth shone.
Furniture used to last a lifetime. Now, not so much. But how did we get here?
It’s just over 10% of the U.S. economy but it has an outsized influence.
The Biden administration’s reshoring efforts, aimed largely at cutting dependence on China, dismays allies who seek U.S. investment.
Manufacturing activity contracted in December, according to the Institute for Supply Management.
Businesses are scaling back their expectations for 2023 accordingly.
Apple, among other companies, may be seeking manufacturing options in India and other emerging markets.