The US and China signed an agreement to ease their trade war, with China pledging to boost US imports and strengthen IP rules, while the US agreed to halve some tariffs. The US added 145,000 jobs in December, maintaining steady gains but with weak wage growth. UK manufacturing production declined more than expected in November, arriving at -1.7% month-over-month versus a forecast of -0.3%.

1. WEEK 3 IN MANUFACTURING
NEWS

2. US and China Sign Deal to Ease Trade War; The U.S. Added 145,000 Jobs in
December; UK Manufacturing Production arrives at -1.7% MoM in Nov vs. -0.3%
expected; The Manufacturer: Top Stories and Podcasts of 2019.

3. The US and China have signed an agreement aimed at easing a trade war that has rattled markets and
weighed on the global economy.
Chinese leaders called it a “win-win” deal that would help foster better relations between the two
countries.
China has pledged to boost US imports by $200bn above 2017 levels and strengthen intellectual
property rules.
In exchange, the US has agreed to halve some of the new tariffs it has imposed on Chinese products.
Source: BBC.
US and China Sign Deal to Ease Trade War

4. The Labor Department’s monthly jobs report suggests that the economy ended 2019 on a
steady footing.
The U.S. added 145,000 jobs in December, capping a year of steady gains and showing that
the labor market has not yet run out of breath.
One discouraging piece of the Labor Department’s monthly report was anemic wage
growth. Over the past 12 months, wages grew just 2.9 percent. That was substantially below
the 3.3 percent average in 2018.
Source: The New York Times.
The U.S. Added 145,000 Jobs in December

5. The Office for National Statistics (ONS) published the UK industrial and manufacturing
production data on Monday, with the overall industrial activity witnessing further
deterioration in November.
Manufacturing output arrived at -1.7% MoM in November versus -0.3% expectations and
+0.5% booked in October, while total industrial output came in at -1.2% vs. -0.1% expected
and +0.4% last.
Source: FX Street.
UK Manufacturing Production arrives at -
1.7% MoM in Nov vs. -0.3% expected

6. The Manufacturer: Top Stories and Podcasts
of 2019
Top 10 news stories of 2019:
1. Top jobs in 2040 will involve virtual reality, artificial intelligence & robotics
2. Report: Major car brand will ‘cease to exist’ after automotive trade war
3. Smart factories could add $1.5tn to world economy
Top 10 interviews & podcasts of 2019:
1. Henrik von Scheel: In conversation with the ‘Father of Industry 4.0’
2. Why industrial strategy must not become the victim of politics
3. In conversation with Mike Hawes, chief executive of the SMMT

8. https://manufacturing-software-blog.mrpeasy.com/week-3-in-
manufacturing-news/
https://www.mrpeasy.com/