Connect with us

News

US manufacturing output drops in April

Published

on

US manufacturing output drops in April

By Francesca Hangeior

Production at United States factories unexpectedly fell in April amid a decline in motor vehicle output, data showed on Thursday.

Manufacturing output dropped 0.3% last month following a downwardly revised 0.2% increase in March, the Federal Reserve said. Economists polled by Reuters had forecast factory output rising 0.1% after a previously reported 0.5% advance in March.

Advertisement

Production at factories fell 0.5% year-on-year in April. Manufacturing, which accounts for 10.4% of the economy, remains constrained by higher borrowing costs.

A survey from the Institute for Supply Management early this month showed manufacturing regressing in April after growing in March for the first time in 1-1/2 years.

Motor vehicle and parts output decreased 2.0% last month after increasing 2.8% in March. Durable goods manufacturing production declined 0.5%. There were also decreases in the production of electrical equipment, appliances and components as well as wood products. But production of primary metals, computer and electronic products, aerospace and miscellaneous transportation equipment increased.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Delta gov fires Information Commissioner with immediate effect

Published

on

Delta State governor, Sheriff Oborevweri, has fired the information commissioner, Ifeanyi Osuoza, with immediate effect over alleged poor performance.

According to government sources, the governor had directed the commissioner for works (rural roads) Charles Aniagwu to take over the affairs of the Ministry of Information temporarily.

Accordingly, Aniagwu will resume office on Monday as both Commissioners for Information and Works.

According to government sources, the governor relieved Osuoza’s appointment as information commissioner following a series of complaints during his short stay.

Advertisement

The Director General, Delta State Bureau for Orientation and Communication, Dr. Fred Latimo Oghenesivbe, who confirmed the development said: “the former commissioner for information, Ifeanyi Osuoza had been briefed already of the state of affairs.”

Oghenesivbe stated that there will be an official announcement to that effect by the governor but for now “Charles Aniagwu will take over the two ministries (works and information) for the meantime.”

Aniagwu had served as Chief Press Secretary (CPS) and Commissioner for Information during former governor Ifeanyi Okowa’s two-term administration before being appointed as works commissioner in charge of rural roads.

The Guardian

Advertisement
Continue Reading

News

Indian lawmaker dies after shooting himself

Published

on

Indian lawmaker Gurpreet Gogi, a member of the Aam Aadmi Party (AAP), has tragically died after accidentally shooting himself. The incident reportedly occurred late on Friday night, resulting in fatal injuries to his head.

Gurpreet Gogi was immediately taken to Dayanand Medical College and Hospital in Ludhiana, where doctors confirmed his death upon arrival. The Punjab Police described the incident as an accident. Deputy Commissioner of Police (DCP) Jaskaran Singh Teja explained, “As per the family members, Gurpreet Gogi accidentally shot himself, resulting in bullet injuries to his head. He was declared dead at the hospital, and his body is now at the mortuary in DMC Hospital.”

The exact cause of death will be clarified after a post-mortem examination. “The post-mortem report will clarify the cause of death,” added the DCP. Authorities are continuing their investigation to understand the full details of the incident.

Gogi became a notable figure in Punjab politics after joining the AAP in 2022. He gained recognition when he defeated two-time Congress MLA Bharat Bhushan Ashu in the Ludhiana assembly elections.

Advertisement

This tragedy brings to mind a similar event in 2019, when a candidate for the Mississippi state legislature, Carl Robinson, fatally shot his wife before taking his own life.

Continue Reading

News

NASS To Presidency: Border Closure Not Effective

Published

on

Federal lawmakers in both chambers of the National Assembly have expressed strong reservations about the effectiveness of border closure by the Federal Government.

Speaking at the Joint Committees on Industry, Trade and Investment on 2025 Budget Defence by the Trade Ministry, Senator representing Osun East, Senator Francis Adenigba Fadaunsi noted that the exit of Niger Republic and Chad from the Economic Community of West African States (ECOWAS) with the consequent opening of their borders to Nigerians are worsening the menace of insecurity across the affected states.

He said:” Border closure is hampering the economic fortunes of the country because rather than curb smuggling, it encourages it.

“For example on rice production alone, the largest percentage of 4 million tonnes shortfall is being smuggled into the country since local producers are only producing 3 million tonnes out of the expected consumption rate of 7 million tonnes.”

Advertisement

In her submission, House of Representatives member representing Nangero/ Potiskum Federal Constituency of Yobe State, Hon Fatima Talba, declared that the borders in her constituent were technically open, not closed.

“Going by free movement of people and even criminals across the borders, it is time for us, to stop fooling ourselves with border closure.”

Paul Kalejaiye representing Ajeromi / Ifelodun Federal Constituency of Lagos State in the House of Representatives, also spoke in similar vein.

“We need to even ask the question on the border policy being implemented. Are all borders across the Nation closed or those closed are from a segment of the country.”

Advertisement

The Committee later urged the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole who came for the budget defence session, to liaise with the Presidency on the way out of the border closure.

Oduwole had earlier in her presentation to the committee, said the sum of N3.8billion is earmarked for capital expenditure in the 2025 fiscal year, N4.65billion for personnel cost, N1.45billion for overhead and projected revenue of N2 4billion.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News