Afternoon Coffee: Thyssenkrupp Plans 3-D Printing Center, U.S. Factory Activity Slows Down

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Later this year German industrial group Thyssenkrupp plans to open a 3-D printing center to manufacture products for its customers, Fortune reports. In addition to the submarines and elevators it is known for, Thyssenkrupp will be printing components such as airline or wind turbine parts from the new facility.

ISM’s Monthly Update

U.S. factory activity slowed in April, according to the Institute for Supply Management’s (ISM) index of national factory activity. As Reuters reports, the index dropped to a four-month low of 54.8 in April from a reading of 57.2 in March, reversing a trend of increases that started in November.  

US GDP

Gross domestic product in the U.S. grew the slowest pace of expansion in three years, the Commerce Department said Friday. As the Wall Street Journal reports, consumers cut back on spending for big-ticket items such as cars, drawing GDP readings down to 0.7% for the first quarter.

China Slowdown

And finally, an update from the world’s second largest economy: China’s PMI fell to a six-month low, as economists pointed to yet more signals that the economy there is cooling.  

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