The industry association representing 32 petrochemical companies in South Korea said the average daily ex-factory shipments of their member companies had plunged by 90% due to the strike, now in its seventh day. The 22,000-strong union is protesting against soaring fuel prices and demanding minimum pay guarantees.
31 Oct 2021
A key indicator of the health of the Chinese economy, the Purchasing Manger's Index (PMI) contracted. Analysts say the indicators of stagflation in the Chinese economy are there.
9 Sep 2020
No Covid vaccine is going to save the planet from the upheaval to our livelihoods. Even if under a best-case scenario there is a roaring recovery, entire industries will never be the same and the digital acceleration of lockdown means many jobs will never return. To soften the blow, most of the West is printing money and putting it in consumers' pockets, like the US which sent out stimulus checks of $1,200 to every taxpayer over the summer.
11 Jul 2020
After recording its lowest ever Manufacturing PMI at 43.3 points in May, FBN Quest's PMI recorded a steep rise to 53.9 points in the month of June. Chinwe Egwim, Economist at FBN Quest Merchant Bank joins CNBC Africa for more.
12 Apr 2020
On this edition, Tunis has begun manufacturing hydroxychloroquine locally. We speak to a researcher who talks about the efficacy of the drug in coronavirus treatment. Also, our Cameroon correspondents show us how President Paul Biya's absent leadership is angering some of the population. Finally, Rwanda will have to commemorate the 26th anniversary of the genocide of the Tutsis behind closed doors. Our correspondents meet families of the victims.
30 Jun 2019
Data from the Central Bank of Nigeria shows Manufacturing Purchasing Managers Index in the month of June stood at 57.4 index points noting an expansion in Nigeria’s manufacturing sector for the twenty-seventh consecutive month. Ayodeji Ebo, Managing Director of Afrinvest Securities joins CNBC Africa for more.
1 Apr 2019
As part of the automotive policy introduced in 2014 to encourage local manufacturing and assemblage of vehicles, the Nigerian Government has increased tariff on imported vehicles from 20 percent to 70 percent.
1 May 2018
U.K. manufacturing slowed more than expected in April as the Purchasing Managers Index fell to 53.9, a 17-month low.
21 Nov 2017
The maiden edition of The Guardian Manufacturing Excellence Award took place at the Eko Hotels&Suites on November 17 and major players in Nigeria's manufacturing sector were rewarded for their tenacity, excellence and innovation.
15 Jun 2017
The Central Bank of Nigeria plans to reduce the country's inflation to between 10 to 11 percent by the end of this year and also plans to intervene more in the agricultural and manufacturing sectors.
23 May 2017
FG must focus on agric, manufacturing and trade - Kale