Modern Machine Shop

OCTOBER 8, 2023

Metalworking activity has, in fact, contracted since October of 2022, generally at an accelerated rate each month. The rate at which components contracted in September was generally steady, thereby minimizing the drop in overall GBI. It will be interesting to follow employment, the newest member of contraction territory.

Function 98

Function 98

The Guardian Manufacturing

JULY 13, 2023

Cycle of interest rate rises are expected to continue after better than forecast economic data UK economy shrinks by 0.1% in May after coronation festivities Business live: economy shrank after bank holidays hit activity For mortgage payers, the latest economic growth figures are a disappointment. Continue reading.

Manufacturing 62

Manufacturing 62

The Guardian Manufacturing

AUGUST 22, 2023

CBI data showing slowdown in activity is latest sign Bank interest rate rises are slowing economy Business live – latest updates UK factory output has fallen sharply over the summer to its lowest level in nearly three years in the latest sign that interest rate increases by the Bank of England are slowing the economy.

Manufacturing 55

Manufacturing 55

Canadian Manufacturing

MARCH 26, 2024

He says the Toronto-based business will now be focused on efficiency and key brand, design and operational initiatives. The layoff comes months after executives said they were open to hiking prices as buyers rethink purchasing expensive apparel while interest rates and inflation remain high and temperatures are unseasonably warm.

Apparel 98

Apparel Compliance Manufacturing 98

Modern Machine Shop

MAY 7, 2024

GBI: Metalworking activity contracted at a slightly faster rate in April after stalling its upward movement in March. Component-wise, three key ones — new orders, production, and backlog —continued to slow contraction in April, but at slightly slower rates. April closed at 47.1, and down 0.8

Sourcing 52

Sourcing 52

Canadian Manufacturing

FEBRUARY 12, 2024

The Bank of Canada will be in no rush to cut interest rates after Statistics Canada reported a larger-than-expected employment gain last month, economists say. Canada’s unemployment rate fell to 5.7 But it now expects the bank will cut rates by less overall this year. per cent in April to 5.8 per cent in December.

Benchmarking 81

Benchmarking Manufacturing 81

The Guardian Manufacturing

SEPTEMBER 22, 2023

Service sector and manufacturing output falls, with cost of living crisis also hitting businesses Business live – latest updates Britain’s economy is at growing risk of recession, with industry figures showing the sharpest monthly fall in private sector activity, outside of the Covid pandemic, since the financial crisis.

Manufacturing 59

Manufacturing 59

Canadian Manufacturing

MAY 15, 2024

This year’s Baromètre industriel québécois focused on key topics such as succession planning, business profitability, and environmental commitments, highlighting the importance of effective business practices, including investments and the integration of digital technologies.

Manufacturing 52

Manufacturing Supply Chain Advanced manufacturing 52

Manufacturer's Monthly

JANUARY 29, 2024

New research from Roy Morgan shows Australian businesses are prioritising locally made products, with more than four in five stating they buy Australian-made goods wherever possible. It also found that 67 per cent of companies were more likely to purchase from a business with the mark. ” said Lazzaro.

Manufacturing 86

Manufacturing 86

Canadian Manufacturing

JANUARY 23, 2024

These are among the findings of the latest Canada-wide quarterly CEO Confidence Survey conducted in November and December by TEC Canada, one of the country’s leading organizations for business executives. The survey is an economic barometer for small and medium-sized Canadian businesses.

Supply Chain 111

Supply Chain Manufacturing 111

Canadian Manufacturing

MARCH 10, 2023

The federal agency said the country’s unemployment rate held steady at five per cent, hovering near record-lows. Meanwhile, jobs were lost in business, building and other support services. Unemployment is expected to rise in the coming months as high interest rates take the steam out of spending, slowing the economy.

Compliance 85

Compliance Manufacturing 85

Canadian Manufacturing

DECEMBER 4, 2023

Canada’s unemployment rate ticked up to 5.8 per cent last month, as high interest rates weigh on job creation at a time when the country’s population is growing rapidly. The unemployment rate was 5.7 The Bank of Canada is set to announce its next interest rate decision on Dec.

Manufacturing 75

Manufacturing Compliance 75

The Guardian Manufacturing

AUGUST 30, 2022

Support groups say energy bills, higher interest rates and falling order books putting thousands of firms on the edge Insolvencies across the manufacturing sector have soared by 63% since last year ahead of a wave of business failures expected this winter in response to rising energy prices, higher interest rates and falling order books.

Manufacturing 94

Manufacturing 94

The Guardian Manufacturing

AUGUST 23, 2023

Poor performance in services industry and manufacturing is mirrored in eurozone Business live – latest updates Britain’s policymakers have been put on recession alert after a closely watched measure of economic health showed the UK gripped by a Europe-wide slump in private sector activity. Continue reading.

Manufacturing 54

Manufacturing 54

Canadian Manufacturing

MARCH 28, 2024

CALGARY — The Q1 Canadian Survey on Business Conditions, conducted by Statistics Canada in collaboration with the Canadian Chamber of Commerce, shows Calgary is among the top five cities for business expectations – higher than the national average. This positive outlook is led by provincial growth and business optimism; 77.3

Supply Chain 52

Supply Chain Manufacturing 52

Canadian Manufacturing

APRIL 4, 2023

Businesses and consumers are expecting inflation to slow faster than they previously thought but as high interest rates weigh on the economy, they’re also adjusting their finances to account for a slowdown. This comes as the actual inflation rate has been slowing for months, reaching 5.2 per cent last June.

Manufacturing 52

Manufacturing 52

Canadian Manufacturing

FEBRUARY 28, 2023

The Canadian economy ended 2022 with a deeper slowdown than anticipated amid higher interest rates but appears to have gained momentum at the start of the new year. The report shows a much grimmer economy than forecasters were expecting as higher interest rates took a more noticeable toll on the economy.

Compliance 97

Compliance Manufacturing 97

Canadian Manufacturing

OCTOBER 6, 2022

Bank of Canada governor Tiff Macklem says more interest rate hikes are necessary to bring inflation down, despite some early signs of a slowing economy. After inflation reached an annual rate of 8.1 In August, the annual inflation rate was 7.0 The Bank of Canada is set to make its next interest rate announcement on Oct.

Supply Chain 81

Supply Chain Compliance Manufacturing 81

Canadian Manufacturing

JANUARY 23, 2024

As the Bank of Canada gears up to announce its next interest rate decision on Jan. 24, economists will be on the lookout for any clues on when it plans to start cutting interest rates. “By the next step, I mean acknowledging that the rate hikes are done.” Overall, Jan.

Manufacturing 40

Manufacturing 40

Canadian Manufacturing

MAY 5, 2023

Meanwhile, the unemployment rate held steady at 5.0 The job gains in April were led by the wholesale and retail trade industry, while the largest losses occurred in business, building and other support services. The annual inflation rate in March was 4.3 per cent for the fifth consecutive month. per cent reached last summer.

Manufacturing 75

Manufacturing 75

Canadian Manufacturing

AUGUST 31, 2022

The Canadian economy grew at an annual rate of 3.3 31, which showed the economy expanded for a fourth consecutive quarter, driven by increased businesses and household spending. 31, which showed the economy expanded for a fourth consecutive quarter, driven by increased businesses and household spending. per cent in June.

Compliance 98

Compliance Manufacturing 98

Canadian Manufacturing

OCTOBER 19, 2022

Canada’s latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate hike next week. Grocery prices rose at the fastest rate since August 1981, with prices up 11.4 per cent from 7.0 per cent.

Supply Chain 80

Supply Chain Compliance Manufacturing 80

Canadian Manufacturing

FEBRUARY 29, 2024

The Canadian economy expanded at an annualized rate of one per cent in the fourth quarter as high interest rates weighed on growth, but not enough to push the economy into a recession. Statistics Canada says growth in the fourth quarter was driven by a rise in exports, while housing and business investment both fell.

Compliance 40

Compliance Manufacturing 40

Manufacturer's Monthly

JANUARY 11, 2024

. “This means local Queensland businesses are benefiting from more than $145 million in direct investment from this Government. Helping our manufacturing industry adopt greener practices that are good for business and the environment is a significant step in the journey. “We

Manufacturing 88

Manufacturing 88

Canadian Manufacturing

APRIL 22, 2024

The Credit Facilities bear interest at bank prime interest rates plus a margin of between 1.00% and 1.75%. Our ability to complete this transaction reflects the strong momentum we have experienced and the solid outlook we have for our business. We are pleased to announce the execution of our new Credit Facilities.

Robotics 52

Robotics Robotics Compliance Manufacturing 52

Canadian Manufacturing

NOVEMBER 13, 2023

is aiming to restructure its business through a filing made under the Bankruptcy and Insolvency Act. The company says high interest rates, falling home sales and a tight retail climate are impacting its business. It is also facing significant challenges sourcing more inventory, which is impacting its retail business.

Sourcing 74

Sourcing Manufacturing 74

Canadian Manufacturing

MARCH 17, 2023

Businesses expect subdued sales in the short term as they face continued cost and labour pressures, despite slowing inflation, according to a survey by the Canadian Chamber of Commerce. The chamber’s Business Data Lab released the results of its first-quarter poll on business conditions on Mar. Inflation slowed to 5.9

Manufacturing 105

Manufacturing Compliance 105

Manufacturer's Monthly

APRIL 3, 2023

The latest annual SME Compass Report by fintech SME lender Banjo Loans, found 70 per cent of Australian small businesses believe 2023 will be a year of revenue growth for them. Australian SMEs are facing significant challenges this year with inflation, rising supply costs and increasing interest rates.

Manufacturing 95

Manufacturing Fit Sourcing 95

Automation Mag

MARCH 15, 2024

These two projects will enable the business to increase its production capacity and productivity. With technical expertise in conventional and digital machining, the business is undergoing an important phase in its development, seeking to better meet the needs of its clientele of major Canadian prime contractors.

Sourcing 102

Sourcing Manufacturing Automation 102

AU Manufacturing

JUNE 22, 2023

rating in June, down from May’s 51.6. no-change mark and indicates a sustained expansion of the private sector, albeit at a slower rate compared to May. Meanwhile, the Australian Manufacturing PMI remains in the contraction territory, with a rating of 48.6, The Judo Bank Flash Australia Composite PMI Output Index reported a 50.5

Composites 52

Composites Manufacturing 52

Mold Making Technology

FEBRUARY 22, 2023

Therefore, with a weaker domestic and global economic outlook, it is not surprising that the Gardner Business Index (GBI) Moldmaking contracted in December for the fourth consecutive month. headline inflation rate in December from the 9.0% rate in June. target, manufacturers can expect additional interest rate hikes in 2023.

Supply Chain 110

Supply Chain Value chain Manufacturing Sourcing 110

Fabricating & Metal Work

APRIL 30, 2024

“He manages a team of more than 70 implementation specialists, who average a 95% success rate for new implementations. Pinaire attributes his tenure at Global Shop Solutions to the work, the people, and the satisfaction of helping manufacturers solve problems and find the best solutions for their businesses.

Manufacturing 52

Manufacturing 52

AU Manufacturing

MARCH 23, 2023

Australian private sector’s output slumped in March following a deterioration in demand conditions that led to lower business activity. Both manufacturing and service sectors in the country saw activity decline in March, with business activity contraction occurring at a faster pace in the manufacturing industry.

Composites 52

Composites Manufacturing 52

Canadian Manufacturing

OCTOBER 20, 2023

According to the Value of Reliability survey from ABB, 68 per cent of industrial businesses experience unplanned outages at least once a month, compared to 68 per cent globally. This costs the typical Canadian business close to 242,000 CAD per hour, compared to 170,000 CAD globally.

Beverage 75

Beverage Manufacturing 75

Canadian Manufacturing

JUNE 7, 2023

The Bank of Canada announced a quarter-percentage point rate hike on Jun. 7, the first interest rate increase since January, as high inflation persists. Its key interest rate now sits at 4.75 In January, the Bank of Canada announced it would pause its aggressive rate-hiking cycle that began in March 2022.

Manufacturing 40

Manufacturing 40

Canadian Manufacturing

MARCH 26, 2024

She also says Canada needs to focus on making sure the training and education we provide teach the skills we need, while a more competitive business environment would also help drive greater innovation and efficiency.

Product Record 52

Product Record Manufacturing 52

Canadian Manufacturing

SEPTEMBER 2, 2022

Inflation appears to have peaked but it’s still running hot and a supersized rate hike from the Bank of Canada next week is widely expected. The September rate call comes at a crucial time for Canada’s economy. As gas prices fell, the year-over-year inflation rate sat at 7.6 Some economists think Sep. per cent. .”

Compliance 72

Compliance Manufacturing 72