America’s factories actually have something in their favour now


The coronavirus indeed introduces another layer of uncertainty for the global economic outlook. But with leaner inventories, along with the the potential resumption of Boeing 737 Max deliveries later this year and a thawing in U.S.-China trade relations, manufacturers should be in a better position to ramp up production should demand accelerate.

WASHINGTON: The inventory cloud that’s been looming over U.S. manufacturing is starting to dissipate.

Lackluster export markets, trade-policy uncertainty and corporate investment cutbacks remain headwinds for America’s factories following a 2019 downturn. But recent economic data show a welcome turn in stockpiles that could help undergird manufacturing after mounting and weighing on industry over the past two years.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

manufacturers , Covid-19 , inventory , steel

   

Next In Business News

WCT shares jump 8% on Kwasa Land job
Ringgit rebounds to open higher vs US$
Citaglobal shares climb 10% on news of partnership with SUS
FBM KLCI crosses 1,630 hurdle as rally continues
Trading ideas: BIMB, PMB, Ekovest, WCT, M&A Equity, PTT, UUE, Citaglobal, Econframe, Advancecon, MGRC, BTM, Elridge, KHPT, TMK
Banking industry meets credit growth target in 1H
Saudi Arabia stress-tests its economy and stretches petro wealth
Interim Credit Suisse review blasts regulator
Not all Vietnam firms interested in franchise model
ECB may prime markets for September rate cut

Others Also Read