Bank of Japan Deputy Governor Masayoshi Amamiya speaks during a Reuters Newsmaker event in Tokyo, Japan July 5, 2019. REUTERS/Issei Kato
WASHINGTON (Reuters) – The U.S. Labor Department’s Bureau of Labor Statistics said on Tuesday it…
There was encouraging news on the struggling manufacturing sector, with other data on Thursday showing factory activity in the mid-Atlantic region accelerated to a three-year high in February, likely as tensions in the 19-month trade war between the United States and China diminished.
“Once we got renegotiation of trade agreements, we saw uncertainty in the market, and investment took a hit,” Tomas Philipson, acting chair of the Council of Economic Advisers, said in a briefing with reporters about the CEA’s annual Economic Report of the President.
FILE PHOTO: A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration
“It’s a nightmare. This is pulling the rug out from under our feet,” said Kristin Schmitt, 40, of the plant closure in the Bavarian region of Bamberg, one of Germany’s auto supplier hubs.
FILE PHOTO: Japan’s Economy Minister Yasutoshi Nishimura attends a news conference at Prime Minister Shinzo…
FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, Japan, January 21, 2020. REUTERS/Kim Kyung-Hoon/File Photo
FILE PHOTO: Pedestrians make their way in a business district in Tokyo, Japan May 16, 2018. REUTERS/Kim Kyung-Hoon/File Photo
“Ikken me sakaba”, a discount izakaya bar offering cheap food and drinks, is seen under a railway viaduct in Tokyo, Japan February 13, 2020. REUTERS/Kaori Kaneko
A new apartment building housing construction site is seen in Los Angeles, California, U.S. July 30, 2018. REUTERS/Lucy Nicholson
FILE PHOTO: A production line employee works at the AMES Companies shovel manufacturing factory in Camp Hill, Pennsylvania, U.S. on June 29, 2017. REUTERS/Tim Aeppel/File Photo