August 15, 2022

Australian Manufacturing Industry in Toughest Period in 50 Years: Survey

A new survey has indicated that Australian manufacturers are in the most turbulent period in 50 years due to supply chain problems and inflating costs. However, they also benefit from strong demand for commodities. The industrial trends research by the Australian Chamber of Commerce and Industry (ACCI) and Westpac bank found that the manufacturing sector […]

US Manufacturing Slows Down, Leading Economic Index Falls for Third Straight Month

Manufacturing output in the United States declined in May after three months of averaging almost 1 percent growth, according to the latest data by the U.S. Federal Reserve. “Manufacturing output slipped 0.1 percent in May; even so, the index has advanced 4.8 percent over the past 12 months. In May, the index for nondurable manufacturing […]

US Backs Philippines Against China’s ‘Provocative Actions’ in Disputed Seas

The United States reaffirmed its backing of the Philippines after Manila lodged a diplomatic protest against Beijing over the illegal presence of over 100 Chinese vessels around its territorial zone in Whitsun Reef. “The United States supports the Philippines in calling on the PRC [People’s Republic of China] to end its provocative actions and to […]

Fact Check: Biden Touts ‘Buy American’ Rules While Allowing Feds to Offshore U.S. Manufacturing

CLAIM: During his State of the Union (SOTU) address on Tuesday evening, President Joe Biden claimed his administration is “actually” ensuring that “taxpayers’ dollars support American jobs and businesses.” VERDICT: MOSTLY FALSE. Biden’s infrastructure bill signed into law last year provides giant federal carve-outs for industries to outsource and offshore American jobs. “When we use taxpayer…

New York Fed Survey Shows Manufacturing Growth Abruptly Stalled

The growth of the manufacturing sector in New York state abruptly and unexpectedly stalled in the first weeks of 2src21, a survey from the Federal Reserve Bank of New York showed Tuesday. After eighteen months of positive readings indicating growth, the general business conditions of the New York Fed’s Empire State Manufacturing Survey fell a…

Bipartisan ‘Infrastructure’ Bill Allows Feds to Bypass ‘Buy American’ Rules, Outsource U.S. Manufacturing

An infrastructure package, crafted by a group of Senate Democrats and Republicans and first obtained by Breitbart News, would allow federal bureaucrats to bypass “Buy American” requirements for projects funded by the legislation. The bill requires, no later than 180 days after its enactment, the heads of federal agencies to ensure that “none of the funds…

Crenshaw: Biden’s Keystone, Paris Climate Policies Help Chinese Manufacturing, ‘They Can Keep Polluting While Our Economy Gets Hurt’

On Friday’s broadcast of “Fox News Primetime,” Rep. Dan Crenshaw (R-TX) said that President Joe Biden’s orders on the Keystone XL pipeline and Paris Climate Accords are going to increase manufacturing in China, who “can keep polluting while our economy gets hurt.” Crenshaw said, “So, listen, here’s what it comes down to, if you’re going…

Flashback => Worst President in History on Manufacturing in the US: “Those Jobs Are Just Not Going to Come Back”

Barack Obama, the worst president in modern history, was asked in June 2016 about the Carrier Corp jobs in Indiana and the loss of manufacturing jobs in America. Obama responded: “Some of those jobs are just not going to come back… When somebody says like the person you just mentioned who I’m not going to […]

BOOM! American Manufacturing Expanded in August at Fastest Pace in Six Years

American factories accelerated in August at the fastest pace of expansion since 2011, data from the Institute for Supply Management showed Friday. The ISM purchasing manufacturers surveyed showed all six of the biggest manufacturing industries ramped up activity in August. The monthly purchasing managers index rose 2.5 points to 58.8, reflecting employment rising to its highest […]

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