Dongguan Manufacturers Embrace Digital Shift to Expand Globally

Dongguan Manufacturers Embrace Digital Shift to Expand Globally

Dongguan hosted a salon focusing on the overseas transformation of traditional manufacturing and trade enterprises, emphasizing digital transformation and globalization strategies. Google, TikTok Shop, and Huawei Cloud shared insights on B2B digital transformation pathways, content-driven growth strategies, and technology enablement experiences. The event aimed to help Dongguan manufacturing companies overcome bottlenecks and achieve steady growth in the global market by leveraging digital tools and innovative approaches to expand their reach and competitiveness.

US Services Sector Grows Steadily in September

US Services Sector Grows Steadily in September

The Institute for Supply Management (ISM) reported a Non-Manufacturing Index (NMI) of 58.6 for September. While slightly lower than August, the index remains well above 50, indicating continued expansion in the non-manufacturing sector. This figure is also above the average for the past 12 months, reflecting the resilience of the U.S. economy. The report analyzes sub-indexes such as business activity, new orders, and employment, and highlights the challenges and opportunities facing businesses.

US Service Sector Growth Holds Steady in September ISM

US Service Sector Growth Holds Steady in September ISM

The ISM Non-Manufacturing Index edged down slightly in September but remained in expansion territory, signaling continued robust activity in the non-manufacturing sector. Increased consumer spending, technological innovation, and global economic recovery are key drivers of growth. Businesses should focus on challenges such as labor shortages and supply chain bottlenecks, seize opportunities, and navigate the market to stand out from the competition. The index suggests a generally positive outlook despite some headwinds.

USMCA Review NEMA Calls for Stricter Enforcement Policy Clarity

USMCA Review NEMA Calls for Stricter Enforcement Policy Clarity

The National Electrical Manufacturers Association (NEMA) urged a swift review and update of the USMCA during a USTR hearing. NEMA aims to strengthen enforcement, enhance policy predictability, and foster a level playing field for the electrical manufacturing industry. The association believes these improvements will contribute to economic prosperity across North America. NEMA emphasized the importance of addressing emerging trade challenges and ensuring the agreement remains relevant and effective in supporting the competitiveness of the electrical manufacturing sector.

Manufacturers Face Digital Transformation Risks and Rewards

Manufacturers Face Digital Transformation Risks and Rewards

An IDC report highlights the imperative of digital transformation in manufacturing. Companies must define clear strategies, increase technology investment, cultivate digital talent, and prioritize security protection and customer experience. Successful transformation will provide a competitive edge, while failure may lead to obsolescence. The report forecasts ten key trends in manufacturing digital transformation, offering valuable insights for businesses navigating this evolving landscape. It emphasizes the need for proactive adoption to remain competitive and relevant in the future market.

US Services Sector Growth Hits Near Oneyear High in February

US Services Sector Growth Hits Near Oneyear High in February

The U.S. ISM Non-Manufacturing NMI index surged to 59.7 in February, a near one-year high, marking the 109th consecutive month of growth. This data, released by the Institute for Supply Management (ISM), signals a robust expansion in U.S. non-manufacturing activity. This positive trend may alleviate concerns about a potential economic slowdown and provide sustained momentum for the overall economy. The significant increase suggests continued strength in the services sector, a key driver of U.S. economic growth.

Qingdao Expo to Boost Northern Chinas Metal Industry

Qingdao Expo to Boost Northern Chinas Metal Industry

The 2026 Qingdao International Metalworking Equipment Exhibition (JM) is a leading manufacturing event in the Bohai Bay region, showcasing cutting-edge metalworking technologies and equipment from around the world. The exhibition will feature six themed zones covering the entire industry chain, including metal cutting, forming, automation, casting and heat treatment, new materials, and functional components. JM focuses on the Northern China market, helping companies expand business opportunities and promote the upgrading of intelligent manufacturing in the region.

US Service Sector Hits Record High Amid Strong Economic Growth

US Service Sector Hits Record High Amid Strong Economic Growth

The U.S. ISM Non-Manufacturing Index (NMI) surged to 58.6 in August, a record high, according to the Institute for Supply Management. This is well above the expansion/contraction threshold and the past 12-month average, signaling the 44th consecutive month of growth in the U.S. non-manufacturing sector, providing strong momentum for economic expansion. All sub-indexes performed strongly, reflecting overall economic health. However, this could also exacerbate inflationary pressures, which the Federal Reserve will likely monitor closely.

US Nonmanufacturing Sector Expands Steadily in November

US Nonmanufacturing Sector Expands Steadily in November

The US Non-Manufacturing Index (NMI) for November registered 54.7%, a 0.5% increase from the previous month, indicating continued economic expansion in the non-manufacturing sector. Consumer spending, the labor market, and business confidence were key drivers. This data alleviates market concerns about a recession and provides the Federal Reserve with room to maneuver regarding monetary policy. The positive NMI reading suggests resilience in the service sector, which constitutes a significant portion of the US economy.

US Services Sector Defies Economic Challenges

US Services Sector Defies Economic Challenges

The US ISM report indicates a slight cooling in non-manufacturing activity in January, but it remains in expansion territory, marking the 108th consecutive month of growth. Key indicators presented a mixed picture, with the government shutdown adding uncertainty. Experts suggest that underlying growth resilience persists. Moving forward, attention should be paid to potential risks, and a flexible approach is needed to navigate market changes. Overall, the non-manufacturing sector continues to show positive, albeit tempered, performance.