Economics | Manufacturing.net

A worker of a private delivery company, wearing a face mask, sorts out parcels at its distribution center in Beijing on Nov. 7, 2021.

China's Strong Exports Hold as Trade Surplus Tops $80B

Exports and imports are much higher than a year ago, but there is widespread concern that economic headwinds are slowing growth.

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U.S. Trade Deficit Hits Record in September

In September, exports plunged 3% to $207.6 billion.

An A.P. Moller-Maersk's oil rig in the North Sea named Halfdan, on Oct. 23, 2013. The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, has reported a sharp rise in earnings amid strong worldwide demand for shipments of goods.

World’s Biggest Shipper Maersk Reports 68% Rise in Revenue

The need for more shipping capacity is leading to major backups at ports and higher prices.

Aerial view of the Long Beach and Los Angeles ports.

October Manufacturing PMI Slips Amid Supply Chain Havoc

The Institute for Supply Management's latest Purchasing Manager's Index fell 0.3 points from September.

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Wage Increases, Incentives Cost Amazon Nearly $1B in Q3

The e-commerce behemoth issued a subdued holiday quarter forecast after sales slowed in the July-September period.

This May 4, 2021, file photo shows the Federal Reserve building in Washington.

Fed Survey: Economy Facing Headwinds in Supply Chain, Labor, Delta Uncertainty

A majority of the Fed's 12 regions viewed consumer spending as remaining positive despite the various speed bumps.

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September U.S. Industrial Production Slid 1.3% Amid Ida Impact

It was the worst showing since February’s 3.1% decline when severe winter storms hampered much of the country.

Activists holding a cardboard cutouts of President Joe Biden, Canadian Prime Minister Justin Trudeau, Australian Prime Minister Scott Morrison, Britain's Prime Minister Boris Johnson and Italian Prime Minister Mario Draghi protest outside of the International Monetary Fund headquarters during the World Bank/IMF Annual Meetings in Washington on Oct. 13, 2021.

IMF: Virus, Inflation Could Curtain Economic Recovery

The lending agency issued an updated economic forecast this week that slightly downgraded its forecast for global growth to 5.9% from 6% in July.

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ABC’s September Construction Backlog Indicator Dips, Contractor Confidence Down

The figures were relatively flat year-over-year, despite a solid one-month gain in heavy industrial.

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Despite Inflation, September Retail Sales Rise 0.7%

Prices have jumped almost across the board, making gasoline, furniture, cars and trips to the grocery store or restaurant more expensive.

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September Inflation Matches 13-Year High

Last month's consumer price index rose 5.4% from a year earlier, in line with increases seen throughout the summer.

In this June 7, 2017 file photo, the Organisation for Economic Co-operation and Development (OECD) headquarters is pictured in Paris, France. Nearly 140 countries have agreed on a tentative deal that would make sweeping changes to how big, multinational companies are taxed in order to deter them from stashing their profits in offshore tax havens where they pay little or no tax. The agreement announced Friday foresees countries enacting a global minimum corporate tax of 15% on the biggest, internationally active companies.

130+ Countries Reach Deal on Minimum Corporate Tax

But the deal faces several hurdles before it can take effect.