U.S. Chemical Production Fell in July

According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI) fell by 0.9% in July following revised declines of 0.8% in June and 0.6% in May. During July, chemical output was lower in all regions, with the largest declines in the Mid-Atlantic, Northeast ...

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Saudi Oil Output to Be Restored by End of Month Following Attacks

“The world’s largest crude oil processing facility and the heartbeat of Saudi Arabia’s energy industry was targeted in drone and missile attacks early Saturday morning that knocked out more than half of the OPEC kingpin’s global daily exports,” CNBC reports .

According to t...

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Is the ‘Skills Gap’ Problem a Myth?

For years now we’ve heard that U.S. manufacturers have difficulty hiring due to a so-called “skills gap.” But Andrew Weaver of the MIT Technology Review has gone through the data and isn’t convinced .

“I have conducted a series of nationally representative skill surveys cove...

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U.S. Factory Output Rebounded in August

Industrial production rose 0.6% in August after declining 0.1% in July. Manufacturing output rose 0.5% in August, as the indexes for durables and for nondurables increased while the index for other manufacturing (publishing and logging) edged down.

Production rose for most major categories within durab...

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