Core Insights - U.S. factory production saw a significant increase of 0.6% in January, marking the largest gain in 11 months, following a stagnant December [1][2] - The manufacturing sector, which constitutes 10.1% of the economy, experienced a year-over-year production increase of 2.4% in January [2] - The rise in factory output was broad-based, with durable goods manufacturing output rising by 0.8% and nondurable goods output increasing by 0.4% [4] Manufacturing Sector Performance - Economists had anticipated a production increase of 0.4%, while December's output was revised to a 0.2% rise [2] - Durable goods categories such as machinery, computer and electronic products, and motor vehicles saw notable gains, with motor vehicles and parts rising for the first time since August [4] - Nondurable goods production was bolstered by increases in paper, chemicals, and rubber products [4] Industrial Production Overview - Overall industrial production advanced by 0.7% in January, following a 0.2% increase in December, with a year-over-year growth of 2.3% [5] - Mining output decreased by 0.2%, while utilities production increased by 2.1% due to cold weather conditions [5] Capacity Utilization - Capacity utilization in the industrial sector rose to 76.2% from 75.7% in December, remaining 3.2 percentage points below the long-term average [6] - The operating rate for the manufacturing sector increased to 75.6%, which is 2.6 percentage points below its long-run average [6]

For Mike Musheinesh, CEO of Detroit Axle, the economic effects of President Donald Trump's import tariff policies arrived like a sledgehammer. The auto parts retailer's tariff bill on $1 million of imports skyrocketed from $25,000 to an eye-watering $725,000 overnight. It was a 70% jump that transformed the federal government into Detroit Axle's single largest business expense. Facing a $700,000 increase in cost per shipment, Musheinesh had to make a choice. He has avoided layoffs, but the financial pre ...

China finalized import tariffs on some EU dairy products at much lower rates than were outlined in December https://t.co/9v81LlWCpi ...

China is set to halve its import tariffs on British whisky to 5% from 10%, Prime Minister Keir Starmer’s office said https://t.co/drI8wPvCDm ...

WASHINGTON, Jan 16 (Reuters) - U.S. factory production unexpectedly increased in December amid a surge in primary metals output that offset a decline at ​motor vehicle assembly plants, but activity contracted in the fourth quarter against ‌the backdrop of challenges from import tariffs. Manufacturing output rose 0.2% last month after an upwardly revised 0.3% ‌gain in November, the Federal Reserve said on Friday. Economists polled by Reuters had forecast production for the sector, which accounts for 10.1% ...

Swiss watch exports fell for a fourth month as companies waited for the US agreement to ease punitive import tariffs to take effect https://t.co/HFhhA3Ltp8 ...

Core Viewpoint - Siemens Energy anticipates that U.S. import tariffs will result in a financial impact of at least 100 million euros ($117 million) in the upcoming year, which is less severe than the approximately 200 million euros experienced in 2025 [1] Financial Impact - The finance chief of Siemens Energy, Maria Ferraro, indicated that the expected hit from U.S. import tariffs for the next year is at least 100 million euros [1] - This projected impact is significantly lower than the roughly 200 million euros that the company faced in 2025 [1]

Siemens Healthineers on Wednesday reported fourth-quarter revenue slightly below analysts' consensus as higher U.S. import tariffs weigh. ...

Financial Impact - Alcoa's third-quarter costs increased by $69 million due to US import tariffs on Canadian aluminum compared to the previous quarter [1] Trade Policy Effects - The aluminum industry continues to be impacted by the Trump administration's trade measures [1]

Switzerland offers to invest in the US gold-refining industry as part of its efforts to persuade the Trump administration to lower import tariffs https://t.co/LsHzu9RmxA ...