MH Daily Bulletin: November 15

November 15, 2022 • Posted in Daily Bulletin

News relevant to the plastics industry:

At M. Holland

  • M. Holland is hosting a free 3D Printing Technology Forum in Chicago on Nov. 16! Attendees will learn how additive manufacturing technologies can support the development of applications — especially injection molding. Click here to RSVP, or contact 3dinfo@mholland.com for more information. 

Supply

Supply Chain

Domestic Markets

  • The U.S. reported 47,969 new COVID-19 infections and 203 virus fatalities Monday.
  • U.S. infections of the new BQ.1.1 variant of Omicron are quickly overtaking the highly infectious BA.5 variant
  • COVID-19 cases and hospitalizations are back on the rise in Los Angeles.
  • COVID-19 cases in Florida jumped by 12,000 last week, the highest weekly sum in two months.
  • Moderna released its first batch of research showing its updated COVID-19 boosters are more effective than original shots against the newest variants of Omicron.
  • In a sign of easing inflation, the Producer Price Index increased a smaller-than-expected 0.2% in October compared with September, with prices falling for services and goods excluding food and energy. 
  • The Federal Reserve’s vice chair says the central bank will likely soon slow its interest-rate hikes.
  • Americans raised their year-ahead inflation expectations from 5.4% to 5.9% in October.
United States Consumer Inflation Expectations
  • Prices for Thanksgiving staples surged in October.
  • Amazon became the latest major U.S. firm to plan thousands of layoffs ahead of a potential economic downturn.
Is Big Tech Growth Losing Steam?

International Markets

Japan GDP Growth Rate
Euro Area Industrial Production MoM

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