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A third report on Thursday from the Philadelphia Fed showed factory activity in the mid-Atlantic region slowed in April and manufacturers were less optimistic about business and labor market conditions over the next six months. That was corroborated by a fourth report from data firm IHS Markit showing its measure of national factory activity was unchanged near a two-year low in early April, with the survey’s gauge of factory employment dropping to its lowest level since June 2017. “Many of the ‘hard’ readings on activity suggest that the economy started picking up momentum late in the first quarter, but this is not evident in much of the recent survey data,” said Daniel Silver, an economist at JPMorgan in New York horse cufflinks.
WASHINGTON (Reuters) – The Trump administration on Thursday estimated that its new North American trade deal will create 76,000 automotive sector jobs within five years as automakers invest some $34 billion in new plants to comply with the pact’s new regional content rules. The forecasts from the U.S horse cufflinks. Trade Representative’s office were released ahead of an independent trade panel’s hotly anticipated analysis that economists expect to show little or no U.S. gains from the new U.S.-Canada-Mexico Agreement..
A USTR official told reporters that the jobs and investment estimates are based on plans disclosed by automakers to the trade agency for compliance with the new agreement’s tighter rules of origin. These require 75 percent of a vehicle’s content to be produced in North American, with 40-45 percent produced in high wage areas, namely the United States or Canada. A senior USTR official told reporters that none of the 15 automakers producing vehicles in North America intend to opt out of the agreement to pay U.S horse cufflinks. tariffs instead and move production overseas, as some critics of the deal have suggested..
BERLIN (Reuters) – Germany’s economy ministry wants to extend subsidies for new electric cars until the end of 2020 in an effort to increase sales, draft guidelines seen by Reuters on Thursday showed. Germany is trying to boost demand for electric vehicles on environmental grounds and in response to a diesel emissions cheating scandal that has engulfed the country’s auto industry, notably Volkswagen but also others including Daimler, in the last three years. The document, drawn up by the economy ministry, has been sent to other German ministries for approval horse cufflinks.
Incentives worth 4,000 euros ($4,500) on the purchase of a new electric car in Germany were introduced in June 2016 and are due to end in June. The draft envisages an extension until Dec. 31, 2020 in largely its current form horse cufflinks. The government and carmakers shared the financing but the 1.2 billion euros earmarked have not yet been used. Some estimates show that less than 500 million euros have been taken up. The subsidies have helped lift sales but even so, electric cars made up only about 1 percent of new car registrations last year, the KBA motor vehicle authority has said..