Reuters U.S. manufacturing contracted in November for the first time in three years as the sector buckled under the weight of a strong dollar and deep spending cuts by energy firms, but robust automobile sales suggested the economy remained on solid ground.
Other data released on Tuesday showed a sturdy increase in construction spending in October, which should help offset the drag from manufacturing on fourth-quarter economic growth. With manufacturing accounting for only 12 percent of the economy, analysts say it is unlikely the persistent weakness will deter the Federal Reserve from raising interest rates this month.
Visit http://www.reuters.com/article/us-usa-economy-idUSKBN0TK51M20151201#gDikse1CQwv7dISS.97 to view the full article online.
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BBC News UK manufacturing is encountering a poor end to the year amid "gathering gloom" from the global economy, according to industry body the EEF. It has cut its manufacturing forecasts, expecting a 0.1 percent fall in 2015, with 0.8 percent growth next year.
Its survey also points to serious concerns about the outlook for the global economy. Meanwhile, a report from Lloyds Bank shows car manufacturers have also lowered their growth forecasts.
Visit http://www.bbc.com/news/business-35019719 to view the full article online.
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Business Insider The American manufacturing sector is seriously banged up right now. With Wednesday’s ISM manufacturing release, the sector is now considered in contraction. On the other hand, services from retail to hotels have been doing relatively fine. This is not unprecedented, but it is uncommon.
Visit http://www.businessinsider.com/manufacturing-usually-drags-down-services-2015-12 to view the full article online.
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MIT Technology Review China is laying the groundwork for a robot revolution by planning to automate the work currently done by millions of low-paid workers.
The government’s plan will be crucial to a broader effort to reform China’s economy while also meeting the ambitious production goals laid out in its latest economic blueprint, which aims to double per capita income by 2020 from 2016 levels with at least 6.5 percent annual growth. The success of this effort could, in turn, affect the vitality of the global economy.
Visit http://www.technologyreview.com/news/544201/china-wants-to-replace-millions-of-workers-with-robots/ to view the full article online.
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Mining.com Metallurgist wages top at $160,000 a year according to a recent wage survey by Hays, a specialist recruiting firm. Wages showed no change from last year's survey. While the downturn has caused miners to shed jobs, the industry worries about replenishing the ranks with future specialists.
Visit http://www.mining.com/metallurgist-wages-ranked/ to view the full article online.
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Aerospace Manufacturing and Design Pratt & Whitney, a United Technologies Corp. company, has signed an historic fixed-price, fleet management program (FMP) contract with the Israeli Ministry of Defense (IMOD), in support of the Israeli Air Force (IAF), designed to provide 100 percent daily propulsion readiness for the entire Israeli fleet of F-15I and F-16I aircraft for the next 15 years.
Visit https://www.onlineamd.com/article/pratt-whitney-f100-engine-sustainment-120315 to view the full article online.
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