U.S. manufacturing contracts further in April: IHS Markit; U.S. Factories Face a Hitch in Reopening; UK economy starting 2020 in ‘stagnation’ and uncertainty, British Chambers of Commerce warn; Back-to-Work Protocol for Manufacturers Post-COVID-19.
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2. U.S. manufacturing contracts further in April: IHS Markit; U.S. Factories Face a
Hitch in Reopening; UK economy starting 2020 in ‘stagnation’ and uncertainty,
British Chambers of Commerce warn; Back-to-Work Protocol for Manufacturers
Post-COVID-19.
3. The U.S. manufacturing sector’s contraction accelerated in April, with activity sinking to an
11-year low as strict measures to slow the spread of the novel coronavirus weighed on
demand and fractured supply chains, a survey confirmed on Friday.
Data firm IHS Markit said its final U.S. manufacturing Purchasing Managers’ Index dropped
to a reading of 36.1 last month, the lowest reading since March 2009. That was a downward
revision from the ‘flash’ figure of 36.9 reported last week and lower than 48.5 published in
March.
Source: Reuters.
U.S. manufacturing contracts further in
April: IHS Markit
4. U.S. manufacturers preparing to resume production after a month of lockdowns are
returning to work without a reliable supply of parts from plants in Mexico, a majority of
which remain idled by restrictions there to slow the spread of the coronavirus.
Mexico exported $358 billion worth of goods to the U.S. last year, surpassing China as the
nation’s largest trading partner. But many subsidiaries and suppliers of parts or finished
goods to U.S. manufacturers remain closed by the order of Mexico’s Health Ministry.
Source: The Wall Street Journal.
U.S. Factories Face a Hitch in Reopening
5. The UK has entered 2020 with its economy in “stagnation”, amid long-term uncertainty and
rising business costs, according to a new report.
The British Chambers of Commerce (BCC) said its research suggested “protracted weakness”
across the economy, affecting firms in manufacturing and services.
The UK has entered 2020 with its economy in “stagnation”, amid long-term uncertainty and
rising business costs, according to a new report.
Source: Independent.
UK economy starting 2020 in ‘stagnation’
and uncertainty, British Chambers of
Commerce warn
6. Recommendations on how companies should protect their employees as they begin
returning to the workplace.
Read more from IndustryWeek.
Back-to-Work Protocol for Manufacturers
Post-COVID-19