Nonresidential fixed investment, or spending on equipment, structures and intellectual property fared better, increasing at a 9.4% annualized pace, the fastest since 2013.
The figures indicate that the slowdown in auto demand from consumers and tepid business investment weighed on manufacturers.
In a joint release on Tuesday, China's National Development and Reform Commission together with the science and industry ministries laid out a development blueprint for the country’s auto industry covering the years through 2025.
Canada fired back, saying the tariff is an "unfair and punitive duty" imposed on "baseless and unfounded" allegations.
The plant shutdown took place as protesters flooded the capital city of Caracas in the biggest show of opposition to President Nicolas Maduro’s government in months.
The American Iron and Steel Institute said “the executive order is a positive step in ensuring full enforcement of existing Buy America laws and ensuring the steel industry remains competitive.” But the lack of details in the &ldquo...
State-owned SAIC Motor’s wait-and-see attitude contrasts with that of Guangzhou Automobile Group Co., which is pressing ahead with a plan to start sales of its Trumpchi brand in the U.S.
The MEP network is vital to helping manufacturers be competitive in the global marketplace and rebuilding U.S. manufacturing. Eliminating the MEP program seems contradictory to President Trump's focus on manufacturing.
The weakness in auto manufacturing mirrors a slowdown in sales to consumers, indicating that a broader recovery in factories remains bumpy.
The warning is the latest by the Beijing-based non-profit group, which said in January that more U.S. companies are slowing investment.