Gold Near $4,300: Durable Goods Data and Fed Rate Tightening Risks – News and Statistics

Sep 25, 2026

Gold continued to hold its ground near the $4,300-an-ounce level, though the metal may face further headwinds as U.S. manufacturing activity remains relatively firm, according to Kitco News.

The Commerce Department reported Friday that U.S. durable goods orders were essentially flat in August, after a revised gain of 0.9% in July. The result came in slightly above expectations, since economists on consensus had projected a decline of 0.3%.

Core durable goods orders, which exclude the transportation sector, increased 0.3% in August, following a 0.4% rise in July. Consensus estimates had pointed to a 0.4% gain.

Non-defense capital goods orders excluding aircraft climbed 1.6% in August, well above expectations for a 0.5% increase.

Adam Button, head of currency strategy at investingLive, commented that while the headline figure was flat, the core orders carry more weight for the underlying direction of the economy, describing the number as strong and supportive of a bullish economic view.

The gold market showed little major reaction to the data. Spot gold last traded at $4,298.70 an ounce, up 0.60% on the day.

Some analysts noted that gold could still struggle, as the latest manufacturing data gives the Federal Reserve more room to keep tightening interest rates to address the persistent inflation threat.

1. 1. INTRODUCTION

   Making Data-Driven Decisions to Grow Your Business

   1. REPORT DESCRIPTION
   2. RESEARCH METHODOLOGY AND THE AI PLATFORM
   3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
   4. GLOSSARY AND SPECIFIC TERMS

2. 2. EXECUTIVE SUMMARY

   A Quick Overview of Market Performance

   1. KEY FINDINGS
   2. MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO

3. 3. MARKET OVERVIEW

   Understanding the Current State of The Market and its Prospects

   1. MARKET SIZE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
   2. CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
   3. MARKET FORECAST TO 2035

4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

   Finding New Products to Diversify Your Business

   1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
   2. BEST-SELLING PRODUCTS
   3. MOST CONSUMED PRODUCTS
   4. MOST TRADED PRODUCTS
   5. MOST PROFITABLE PRODUCTS FOR EXPORT

5. 5. MOST PROMISING SUPPLYING COUNTRIES

   Choosing the Best Countries to Establish Your Sustainable Supply Chain

   1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
   2. TOP PRODUCING COUNTRIES
   3. TOP EXPORTING COUNTRIES
   4. LOW-COST EXPORTING COUNTRIES

6. 6. MOST PROMISING OVERSEAS MARKETS

   Choosing the Best Countries to Boost Your Export

   1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
   2. TOP CONSUMING MARKETS
   3. UNSATURATED MARKETS
   4. TOP IMPORTING MARKETS
   5. MOST PROFITABLE MARKETS

7. 7. PRODUCTION

   The Latest Trends and Insights into The Industry

   1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
   2. PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)

8. 8. IMPORTS

   The Largest Import Supplying Countries

   1. IMPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
   2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
   3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)

9. 9. EXPORTS

   The Largest Destinations for Exports

   1. EXPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
   2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
   3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)

10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition
    PRO

    1. 11.1

       United States

       • Market Size
       • Production
       • Imports
       • Exports

    2. 11.2

       China

       • Market Size
       • Production
       • Imports
       • Exports

    3. 11.3

       Japan

       • Market Size
       • Production
       • Imports
       • Exports

    4. 11.4

       Germany

       • Market Size
       • Production
       • Imports
       • Exports

    5. 11.5

       United Kingdom

       • Market Size
       • Production
       • Imports
       • Exports

    6. 11.6

       France

       • Market Size
       • Production
       • Imports
       • Exports

    7. 11.7

       Brazil

       • Market Size
       • Production
       • Imports
       • Exports

    8. 11.8

       Italy

       • Market Size
       • Production
       • Imports
       • Exports

    9. 11.9

       Russian Federation

       • Market Size
       • Production
       • Imports
       • Exports

    10. 11.10

        India

        • Market Size
        • Production
        • Imports
        • Exports

    11. 11.11

        Canada

        • Market Size
        • Production
        • Imports
        • Exports

    12. 11.12

        Australia

        • Market Size
        • Production
        • Imports
        • Exports

    13. 11.13

        Republic of Korea

        • Market Size
        • Production
        • Imports
        • Exports

    14. 11.14

        Spain

        • Market Size
        • Production
        • Imports
        • Exports

    15. 11.15

        Mexico

        • Market Size
        • Production
        • Imports
        • Exports

    16. 11.16

        Indonesia

        • Market Size
        • Production
        • Imports
        • Exports

    17. 11.17

        Netherlands

        • Market Size
        • Production
        • Imports
        • Exports

    18. 11.18

        Turkey

        • Market Size
        • Production
        • Imports
        • Exports

    19. 11.19

        Saudi Arabia

        • Market Size
        • Production
        • Imports
        • Exports

    20. 11.20

        Switzerland

        • Market Size
        • Production
        • Imports
        • Exports

    21. 11.21

        Sweden

        • Market Size
        • Production
        • Imports
        • Exports

    22. 11.22

        Nigeria

        • Market Size
        • Production
        • Imports
        • Exports

    23. 11.23

        Poland

        • Market Size
        • Production
        • Imports
        • Exports

    24. 11.24

        Belgium

        • Market Size
        • Production
        • Imports
        • Exports

    25. 11.25

        Argentina

        • Market Size
        • Production
        • Imports
        • Exports

    26. 11.26

        Norway

        • Market Size
        • Production
        • Imports
        • Exports

    27. 11.27

        Austria

        • Market Size
        • Production
        • Imports
        • Exports

    28. 11.28

        Thailand

        • Market Size
        • Production
        • Imports
        • Exports

    29. 11.29

        United Arab Emirates

        • Market Size
        • Production
        • Imports
        • Exports

    30. 11.30

        Colombia

        • Market Size
        • Production
        • Imports
        • Exports

    31. 11.31

        Denmark

        • Market Size
        • Production
        • Imports
        • Exports

    32. 11.32

        South Africa

        • Market Size
        • Production
        • Imports
        • Exports

    33. 11.33

        Malaysia

        • Market Size
        • Production
        • Imports
        • Exports

    34. 11.34

        Israel

        • Market Size
        • Production
        • Imports
        • Exports

    35. 11.35

        Singapore

        • Market Size
        • Production
        • Imports
        • Exports

    36. 11.36

        Egypt

        • Market Size
        • Production
        • Imports
        • Exports

    37. 11.37

        Philippines

        • Market Size
        • Production
        • Imports
        • Exports

    38. 11.38

        Finland

        • Market Size
        • Production
        • Imports
        • Exports

    39. 11.39

        Chile

        • Market Size
        • Production
        • Imports
        • Exports

    40. 11.40

        Ireland

        • Market Size
        • Production
        • Imports
        • Exports

    41. 11.41

        Pakistan

        • Market Size
        • Production
        • Imports
        • Exports

    42. 11.42

        Greece

        • Market Size
        • Production
        • Imports
        • Exports

    43. 11.43

        Portugal

        • Market Size
        • Production
        • Imports
        • Exports

    44. 11.44

        Kazakhstan

        • Market Size
        • Production
        • Imports
        • Exports

    45. 11.45

        Algeria

        • Market Size
        • Production
        • Imports
        • Exports

    46. 11.46

        Czech Republic

        • Market Size
        • Production
        • Imports
        • Exports

    47. 11.47

        Qatar

        • Market Size
        • Production
        • Imports
        • Exports

    48. 11.48

        Peru

        • Market Size
        • Production
        • Imports
        • Exports

    49. 11.49

        Romania

        • Market Size
        • Production
        • Imports
        • Exports

    50. 11.50

        Vietnam

        • Market Size
        • Production
        • Imports
        • Exports

12. LIST OF TABLES

    1. Key Findings In 2025
    2. Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    3. Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
    4. Per Capita Consumption, by Country, 2022–2025
    5. Production, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    6. Imports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    7. Imports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    8. Import Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    9. Exports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    10. Exports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    11. Export Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)

13. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    2. Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
    3. Consumption, by Country, 2025
    4. Market Volume Forecast to 2035
    5. Market Value Forecast to 2035
    6. Market Size and Growth, By Product
    7. Average Per Capita Consumption, By Product
    8. Exports and Growth, By Product
    9. Export Prices and Growth, By Product
    10. Production Volume and Growth
    11. Exports and Growth
    12. Export Prices and Growth
    13. Market Size and Growth
    14. Per Capita Consumption
    15. Imports and Growth
    16. Import Prices
    17. Production, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    18. Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    19. Production, by Country, 2025
    20. Production, In Physical Terms, by Country: Historical Data (2012–2025) and Forecast (2026–2035)
    21. Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    22. Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    23. Imports, In Physical Terms, By Country, 2025
    24. Imports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    25. Imports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    26. Import Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    27. Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    28. Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
    29. Exports, In Physical Terms, By Country, 2025
    30. Exports, In Physical Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    31. Exports, In Value Terms, By Country: Historical Data (2012–2025) and Forecast (2026–2035)
    32. Export Prices, By Country: Historical Data (2012–2025) and Forecast (2026–2035)

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Graphene Manufacturing (TSXV: GMG) (OTCQX: GMGMF) New G FLUID™ Technology Targets AI Data Center

August 25, 2026 – Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) is expanding its commercial graphene portfolio into the rapidly growing AI data center cooling and high-density computing infrastructure market with the launch of G FLUID™, a graphene-enhanced water coolant additive designed for closed-loop cooling systems.

G FLUID™ is added directly to existing water-based coolant and is designed to help transfer heat away from equipment more efficiently. In preliminary internal testing reported by GMG, adding G FLUID™ to demineralized water at a 1% dose—with graphene representing approximately 0.01% of the final solution by weight—produced an approximately 20% increase in heat-transfer rate.

AI Data Centers Create a Potential New Growth Market

The timing could be significant. The continued expansion of artificial intelligence, GPU computing, cloud infrastructure, hyperscale data centers and high-performance computing (HPC) is creating unprecedented demand for electricity and increasingly sophisticated data center thermal management and liquid cooling technologies.

GMG is initially targeting power-intensive data centers but sees potential applications across industrial process chillers, manufacturing facilities and commercial HVAC systems. The company cites a global cooling-water treatment chemicals market valued at approximately US$15 billion annually in 2026, projected to reach US$27.2 billion by 2035.

G FLUID™ has also demonstrated up to 87% antimicrobial testing outcomes in independent third-party laboratory testing conducted under EN 1276, adding another potential performance characteristic for closed-loop cooling applications.

Watch the G FLUID™ video now: https://youtu.be/_uAGHFaKQQQ

Alongside Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF), investors are also watching actively traded stocks including Sphere 3D Corp. (NASDAQ: ANY), Expion360 Inc. (NASDAQ: XPON), HIVE Digital Technologies Ltd. (TSX: HIVE) (NASDAQ: HIVE), and Keel Infrastructure Corp. (NASDAQ: KEEL) (TSX: KEEL), as small-cap and emerging growth stocks tied to data centers, energy storage, digital infrastructure and power technologies continue attracting market attention.

U.S. Manufacturing Could Become Another Catalyst

GMG has also submitted an amended application to the U.S. Environmental Protection Agency (EPA) seeking authorization to manufacture graphene and its THERMAL-XR®, G® LUBRICANT and G FLUID™ products in the United States, in addition to existing sales permissions.

GMG expects a decision on the amendment by the end of September 2027. Importantly, the company says its existing Consent Order conditions covering THERMAL-XR® sales into the United States remain unaffected.

Approval could eventually provide GMG with greater flexibility to establish U.S.-based graphene manufacturing and supply-chain capabilities closer to customers across the data center, HVAC, industrial and energy markets.

Why G FLUID™ Could Matter to GMG’s Future Valuation

For investors, G FLUID™ potentially adds another commercial market to a graphene platform already targeting HVAC energy efficiency, industrial cooling, oil and gas, rail transportation, lubricants and next-generation batteries.

If independent testing, customer trials and commercialization ultimately demonstrate meaningful energy savings at scale, G FLUID™ could give GMG exposure to the massive investment underway in AI data centers, liquid cooling, GPU infrastructure and energy-efficient computing. That could broaden the company’s addressable market and potentially support recurring product revenue as coolant is deployed and maintained across cooling systems.

The development complements GMG’s recent commercial progress, including its Gen 2.0 Graphene Manufacturing Plant, record sales orders, THERMAL-XR® commercialization, global industrial partnerships, and development of its Graphene Aluminum-Ion Battery technology.

These milestones do not guarantee a higher GMG/GMGMF share price. However, successful commercialization of G FLUID™, validation with major data center customers, U.S. regulatory progress and scalable graphene manufacturing could provide investors with additional metrics for valuing GMG beyond its existing advanced-materials business.

As global spending accelerates across AI infrastructure, data center cooling, advanced materials, clean technology and energy efficiency, G FLUID™ gives Graphene Manufacturing Group another potentially significant pathway to convert its proprietary graphene technology into commercial revenue.

About Graphene Manufacturing Group Ltd.

Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) is an Australian clean-technology company that manufactures graphene in-house and develops graphene-enhanced solutions for energy efficiency, thermal management, industrial applications and next-generation energy storage. GMG’s portfolio includes graphene coatings, lubricants, data center cooling technologies, battery materials and advanced graphene battery development.

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Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor’s investment may be lost or due to the speculative nature of the companies profiled. TheStreetReports (TSR) is responsible for the production and distribution of this content.”TSR” is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. “TSR” authors, contributors, or its agents, may be compensated for preparing research, video graphics, podcasts and editorial content. “TSR” has not been compensated to produce content related to “Any Companies” appearing herein. As part of that content, readers, subscribers, and everyone viewing this content are expected to read the full disclaimer in our website.

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US Manufacturing PMI Slips to 53.2 in August, Missing Expectations | Forex News economic data

BitcoinWorld

US Manufacturing PMI Slips to 53.2 in August, Missing Expectations

The United States S&P Global Manufacturing PMI came in at 53.2 in August, below the expected 53.9 and down from the previous month’s reading, signaling a slowdown in factory activity growth. The data, released by S&P Global, indicates that while the manufacturing sector continues to expand, the pace of growth has moderated more than analysts had anticipated.

What the PMI Reading Means for the Economy

The Purchasing Managers’ Index (PMI) is a key indicator of economic health in the manufacturing sector. A reading above 50 signifies expansion, while below 50 indicates contraction. The August figure of 53.2 still points to growth, but the miss against expectations suggests that manufacturers are facing headwinds such as softer demand, supply chain disruptions, or rising input costs. This slowdown could signal broader economic cooling, which might influence Federal Reserve policy decisions in the coming months.

Market and Industry Reactions

Following the release, financial markets showed muted reaction as investors digested the data alongside other economic indicators. The manufacturing sector has been a bright spot in the U.S. economy, but the latest PMI reading adds to a mixed picture of resilience and vulnerability. Industry analysts note that while the sector remains in expansion territory, the downward trend could prompt businesses to adjust inventory and investment plans.

Why This Matters to You

For consumers, a slowdown in manufacturing can eventually lead to changes in product availability and pricing. For investors, it provides a signal about corporate earnings potential in industrial sectors. Policymakers watch PMI data closely as it helps shape decisions on interest rates and economic stimulus. Understanding these trends helps individuals and businesses make informed financial choices.

Conclusion

The August S&P Global Manufacturing PMI of 53.2, while missing expectations, still indicates expansion in the U.S. manufacturing sector. The moderation in growth, however, warrants attention as it may reflect broader economic challenges. As always, the data will be monitored for trends in the months ahead.

FAQs

Q1: What is the S&P Global Manufacturing PMI?
The S&P Global Manufacturing PMI is a monthly survey-based index that measures the economic health of the manufacturing sector. It tracks new orders, production, employment, supplier deliveries, and inventories.

Q2: Why is a PMI below expectations significant?
A PMI below expectations suggests that the manufacturing sector is growing more slowly than analysts predicted, which can signal broader economic deceleration and influence market sentiment and policy decisions.

Q3: How does the PMI affect the average consumer?
Manufacturing activity influences product availability, pricing, and employment. A slowdown could lead to fewer job opportunities in manufacturing and potential price adjustments for goods.

This post US Manufacturing PMI Slips to 53.2 in August, Missing Expectations first appeared on BitcoinWorld.

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The Trump Administration’s Promises of a US Manufacturing Revival Fell Flat, First-Half Data Shows

Despite claiming that his preeminent trade policy would shrink America’s export gap with the rest of the world, President Donald Trump’s tariffs haven’t managed to rebalance trade or prompt a reshoring renaissance.

In fact, an analysis of first-half 2026 trade and manufacturing data conducted by Rethink Trade, a program under the American Economic Liberties Project, revealed that the U.S. manufactured goods trade deficit is 5 percent wider than before the president took office for a second term.

While Trump campaigned on a promise that tariffs on foreign imports would drive more purchases of American-made goods, the truth has been much more complicated.

Since taking the oath of office in January 2025, the U.S. has shed 75,000 manufacturing jobs, and there’s been little evidence to show that companies are laying the foundation for a comeback, as construction spending on manufacturing facilities also declined by 30 percent during that period.

According to data from the U.S. Census Bureau, the manufactured goods trade deficit amounted to $785 billion in the first half of 2026—15 percent smaller than the first half of 2025, but higher than the first six months of 2024, as well as the first-half deficits seen from 2015 to 2021.

Rethink Trade director Lori Wallach cautioned against viewing the first-half 2025-to-2026 contraction in the deficit as an all-out win, given that there were special circumstances that precipitated it. Importers were rushing to get inventory into the country during the first three months of the year before Trump’s tariffs took effect—but after that period, the overall U.S. manufactured goods trade deficit jumped by $63 billion in 2025 compared to the previous year, she said.

In looking at the goods trade deficit, which contracted to $545 billion in the first half of 2026 (compared to $750 billion in the first half of 2025 and $603 billion in the first half of 2024), there are also telling signs that the apparent wins may not be what they seem.

For one: most of the gains stemming from goods exports weren’t related to manufacturing output—they were driven by commodities: gold, silver, oil and gas, as well as aircrafts. When it comes to the metals, a large share are re-exports of products that weren’t mined in the U.S., and that’s a sign that the flows are driven more by capital movements than bona fide goods trade.

Wallach put it succinctly. “The whole global economy is a little bit unstable because he”—Trump—”changes his mind every 30 seconds and started a war with Iran. And so you know what do people do? They rush to silver and gold. And so, we’re selling basically the economic security blanket metals as bulk ores (that there’s new demand for because Trump has destabilized the global economy), and then we’re selling oil and gas because the Iran War has basically undermined other supply chains of those things,” she said.

“Trump has caused temporary disruption, and so we’re getting a temporary boom related to this behavior that is also causing major downsides,” she added. “The promised renaissance is not happening because you would not have a net decline in manufacturing jobs since Trump returned to office. You would not have a manufacturing trade deficit that is higher than it was before he was inaugurated for the second term.”

In Wallach’s estimation, using tariffs to prompt reshoring would take a much more nuanced and comprehensive approach than the one the Trump administration has employed thus far. Tariffs should have been a single building block propping up the president’s trade and economic strategy, not the entire structure.

In addition to applying tariffs more surgically, Wallach said the administration should have helped build demand for American-made products through policies—tax incentives for consumers who purchase domestically made goods, for example, and requirements for domestic procurement by the federal government.

On the investment side, she said, the government should have offered subsidies for companies hoping to reshore, “because as well as creating demand for the goods and protecting the sectors not to be surged to death once you are getting the demand, you also need to basically incentivize the investment.”

Wallach pointed to the end of the Inflation Reduction Act subsidies put in place by President Joe Biden as a possible factor in the decline in factory construction. “The most recent peak in the past 15 years of manufacturing employment was the first quarter of 2023, and that is when all of that money was flowing,” she said.

Biden used tariffs in conjunction with subsidies, she added, pointing to duties on China for electric vehicles and heightened tariffs on solar products. The combination of strategically applied tariffs on specific industries and the subsidies and tax breaks for American makers “was working together hand in glove,” she said.

The way the current administration is leveraging tariffs, by contrast, amounts to throwing down a few puzzle pieces and hoping to build a full picture of a robust trade economy. According to Wallach’s research, the new data underscores “what public opinion polls are already capturing.”

“We have a growing gap between the economy Trump promised and the damage his tariff malpractice is causing.” she said.

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Enphase Energy Expands U.S. Manufacturing for Solar, Battery and AI Data Center Power Electronics

Enphase Energy has reaffirmed its commitment to designing and manufacturing critical power electronics in the United States, expanding domestic production across residential and commercial solar, battery energy storage systems (BESS), and next-generation power infrastructure for artificial intelligence (AI) data centers.

The company said it currently manufactures its IQ® Microinverters and IQ® Batteries at facilities in South Carolina and Texas, and plans to manufacture its upcoming IQ® Solid-State Transformer (IQ® SST) platform for AI data centers in the United States.

According to Enphase, the move supports U.S. energy security, strengthens domestic supply chains, and addresses the increasing importance of secure power electronics as electricity demand rises from electrification and the rapid growth of AI data centers.

The company noted that its U.S.-manufactured IQ Microinverters and IQ Batteries, identified with a “DOM” suffix, can help eligible solar and storage projects meet domestic sourcing requirements and qualify for U.S. domestic content tax incentives. Select products also comply with Buy American Act and Build America, Buy America requirements, while certain products may qualify as Foreign Entity of Concern (FEOC)-compliant for rooftop solar and distributed battery energy storage applications.

Enphase also plans to manufacture the power electronics for its forthcoming IQ® Bidirectional EV Charger in the United States, further expanding its domestic clean energy product portfolio.

The company’s upcoming IQ SST platform is designed for AI data centers and other high-power applications. Based on gallium nitride (GaN) technology, the platform will convert medium-voltage alternating current (AC) directly into 800 V direct current (DC) required by modern AI computing infrastructure through a modular architecture featuring distributed control, software intelligence, and built-in redundancy.

Enphase estimates that a 1 GW AI data center would require approximately 250,000 IQ SST power modules, excluding redundancy, while 10 GW of deployments could require around 2.5 million modules, highlighting the significant scale of future demand.

The company said its manufacturing experience provides a strong foundation for scaling the platform, having shipped approximately 89.4 million microinverters globally, including 5.5 million units manufactured in the United States during 2025.

While expanding U.S. manufacturing capabilities, Enphase emphasized that it remains committed to serving international markets, including Europe, Australia, India, and other regions, where it will continue developing products tailored to local grid requirements, regulations, and customer needs.

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Australian Dollar slips after upbeat US ISM Manufacturing data

AUD/USD extends its pullback toward the 0.6990 area during Monday’s American session after stronger-than-expected United States (US) manufacturing data reinforced the US Dollar (USD). The pair had rallied above 0.7050 at the start of trading this week but failed to sustain gains as investors reassessed the Federal Reserve (Fed) outlook following resilient economic activity.

The ISM Manufacturing Purchasing Managers Index (PMI) rose to 55.6 in July, beating market expectations of 54.0 and improving from 53.3 in June. Meanwhile, the New Orders Index increased to 56.7 from 56.0, pointing to solid demand across the manufacturing sector. The Prices Paid Index eased to 71.1 from 73.0, although it remained well above the 50 threshold, suggesting inflationary pressure continues to persist despite some moderation.

The stronger ISM figures prompted a rebound in US Treasury yields and supported the Greenback, weighing on risk-sensitive currencies such as the Australian Dollar (AUD). However, the softer reading in the Prices Paid component could temper expectations of an even more aggressive Fed stance if inflation continues to cool gradually.

Attention now turns to the Asia-Pacific session, where Australia will release the final S&P Global Services and Composite PMIs for July. Markets expect the Services index to be confirmed at 53.0 and the Composite gauge at 52.6, both unchanged from their prior readings and consistent with a modest but steady expansion in private-sector activity. An upside surprise on either measure could hand the Aussie renewed support by reinforcing confidence in domestic business conditions, while a downward revision would suggest momentum in the services sector is fading.

Traders will also keep a close eye on China’s RatingDog Services PMI, the privately compiled survey covering Australia’s largest trading partner. The index is forecast at 53.7 in July, easing from 54.1 in June but still holding comfortably above the 50 mark that separates expansion from contraction.

Short-term technical analysis:

On the 4-hour chart, AUD/USD trades at 0.6993, hovering just under the 20-period Simple Moving Average (SMA) at 0.6997 while holding above the 100-period SMA at 0.6984, which suggests a broadly neutral near-term tone with a slight downside risk. The horizontal support at 0.6985 aligns with the longer-term SMA, forming a nearby demand area, while the Relative Strength Index (RSI) around 47 hints at consolidative momentum rather than a clear trending phase.

On the topside, initial resistance emerges at the 20-period SMA near 0.6997, followed by the horizontal barriers at 0.6999, 0.7009 and the former opening level at 0.7018, which together define a gradual supply zone overhead. On the downside, immediate support is seen at 0.6985, with the 100-period SMA at 0.6984 reinforcing this floor; a sustained break beneath this cluster would open the door to a deeper pullback within the current range.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

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3 U.S. Manufacturing Stocks Linked To Data Centers And Reshoring

China’s latest manufacturing data has sent a clear signal. The official PMI slipped to 49.2 in July, which points to weaker factory activity, softer exports to the U.S., and pressure on retail sales and jobs. At the same time, Chinese policymakers are talking up extra fiscal support and pro growth measures. For U.S. investors, this mix of softer demand abroad and potential policy support at home and overseas can change how industrial and manufacturing stocks are priced. This article looks at 3 U.S. industrial and manufacturing stocks from our screener that are closely tied to this news backdrop.

Overview: Comfort Systems USA is a Houston based contractor that designs, installs, and services heating, cooling, electrical, plumbing, and fire protection systems for commercial, industrial, and institutional buildings across the U.S., with a growing focus on complex projects such as data centers and healthcare facilities.

Operations: Comfort Systems USA generates about US$8.0b from Mechanical Services and US$3.2b from Electrical Services, with all reported revenue of roughly US$11.2b coming from the United States.

Market Cap: US$53.4b

Comfort Systems USA provides direct exposure to the build out of AI ready data centers and other high specification facilities. A reported record US$14.1b backlog supports revenue visibility into 2027, alongside strong recent earnings momentum. The push for onshoring, resilient U.S. infrastructure, and modular construction aligns with its capabilities in complex mechanical and electrical work, while growing recurring service revenue can help smooth cycles. At the same time, heavy reliance on large technology projects, tight skilled labor markets, and higher leverage introduce execution risk if demand slows or costs rise. The combination of rapid growth, high returns on equity, and these pressure points makes FIX a stock worth watching closely as conditions in manufacturing and construction continue to evolve.

Comfort Systems USA’s surge into AI ready data centers and complex projects has many investors focused on growth, rather than the full risk reward picture. Get the 4 key rewards and 1 important warning sign

NYSE:FIX Earnings & Revenue Growth as at Jul 2026

Overview: Dana Incorporated is a Maumee, Ohio based supplier of powertrain, driveline, and energy management components for light and commercial vehicles, including axles, driveshafts, transmissions, electric drive systems, and thermal and sealing products used across internal combustion, hybrid, and electric platforms worldwide.

Operations: Dana generates about US$5.4b from its Light Vehicle segment and US$2.4b from Commercial Vehicle products, partly offset by roughly US$0.2b of inter segment eliminations.

Market Cap: US$2.9b

Dana provides exposure to U.S. and global manufacturing as automakers refresh trucks and off highway fleets for electrification and tighter efficiency standards. At the same time, China’s weaker export momentum increases the appeal of diversified North American suppliers. Analysts report expectations for strong earnings and revenue growth and see the stock trading well below their fair value estimates and price targets. However, the company is still reporting losses and carries funding and execution risks as it integrates the Eaton Mobility deal and pursues cost savings. For investors who can handle volatility, the mix of forecast profit improvement, electrification programs, and discounted valuation could make Dana a stock that merits closer consideration in the context of today’s supply chain realignment.

Dana’s electrification story and reported valuation gap are only part of what investors are talking about. See how the analyst forecasts for Dana stack up against funding needs and what the market might be missing.

NYSE:DAN Earnings & Revenue Growth as at Jul 2026

Overview: Gentherm develops thermal management and comfort systems such as heated and climate controlled car seats, steering wheels, and patient temperature management devices used in hospitals. Its products are used in high volume vehicle platforms and medical settings, aiming to make passengers and patients more comfortable while improving efficiency for manufacturers and healthcare providers.

Operations: Gentherm generates about US$1.53b from its Automotive segment and roughly US$49.4m from its Medical segment.

Market Cap: US$1.32b

Gentherm provides targeted exposure to higher value content in vehicles at a time when automakers are adding features that consumers can feel and are willing to pay for, from massage and climate seats to advanced battery and valve systems. The company’s profile reflects a mix of potential earnings growth drivers, including record automotive awards, expanding medical products, and possible benefits from shifts in global manufacturing and sourcing patterns. At the same time, margins are still thin, returns on equity are low, funding relies on external borrowing, and growth in Asia and newer markets is not yet proven. The balance of these growth opportunities, valuation signals, and execution risks is a key part of the current investment narrative around Gentherm.

Gentherm’s thin margins and low returns might be masking a bigger story around higher value content in cars and hospitals. See how the analyst forecasts for Gentherm could reshape that profile and what one weak spot might still be holding it back.

NasdaqGS:THRM Earnings & Revenue Growth as at Jul 2026

The three U.S. industrial and manufacturing stocks in this article are only a starting point. Our full screen uncovers 19 more companies that have equally compelling stories running through the U.S. Industrial and Manufacturing Stocks screener U.S. Industrial and Manufacturing Stocks screener. Use Simply Wall St to identify and analyze the specific catalysts and narratives that matter most to you so you can focus on the highest conviction ideas in this theme.

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Seeking Alternatives Beyond These Stocks

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and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
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Data centers’ energy demand threatens Trump’s “Made in America” plan

PJM has also forecast that electricity demand in its territory will surpass available supply by 6.6 gigawatts starting in 2027, which the Wall Street Journal describes as equivalent to more than six nuclear power plants.

No easy fixes

Some US manufacturers have raised the prices paid by customers to partially offset their own rising electricity bills, or are even considering relocation of their businesses, Reuters reported. The Wall Street Journal highlighted warnings from steel industry executives that production outages could become more likely if local power grids are overwhelmed by demand. Such results would likely undercut the competitiveness and viability of US manufacturing, which the Trump administration claims to have prioritized despite the loss of 83,000 manufacturing jobs in Trump’s first year back in office.

The White House has touted getting Big Tech companies to pay for new power generation and transmission infrastructure by signing a Ratepayer Protection Pledge, which happens to lack any meaningful enforcement mechanism. The Trump administration also joined state governors in pushing PJM to hold a one-time backstop auction for purchasing new power supply capacity.

But the United States still faces huge challenges in building enough new power generation and transmission lines to support the energy needs of AI data center demand and US manufacturers, not to mention other businesses and residential customers. The Trump administration’s efforts to stop renewable energy projects involving wind and solar power have also not helped.

In 2025 alone, the United States saw the cancellation of power projects totaling 266 gigawatts of generation capacity—equivalent to 25 percent of America’s current electricity generation capacity and more than the total electricity generation of Texas, according to Michael Thomas, CEO of the Cleanview data platform that tracks renewable energy and data center projects. Clean energy projects accounted for 93 percent of those project cancellations.

The Trump administration’s cancellations of various wind power projects certainly represented one contributing factor. But other significant patterns included local opposition to renewable energy projects in states such as Ohio and Indiana that were also courting new data center development, along with a lack of new transmission lines leading to high interconnection costs for new clean energy projects, Thomas said. If US states and the federal government are hoping to support local manufacturing, they may need to start making different choices in addressing the rising energy costs of the data center boom.

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Amazon, Corning Partner on Fiber Optic Expansion to Power U.S. Data Center Infra Growth

Amazon announced a multibillion-dollar agreement with Corning, a leading manufacturer of advanced glass and fiber optic technology, to supply the optical fiber, cable, and connectivity solutions that power Amazon’s expanding data center infrastructure across the United States. 

The investment will create 1,000 new, highly skilled jobs at Corning’s manufacturing facilities across North Carolina, and support hundreds of additional construction jobs to expand Corning’s facilities.

Through the agreement, Amazon will work with Corning on a new program that will expand its Fiber Optic Technician Training Program with Catawba Valley Community College to train students for careers in fiber optic manufacturing and related technical roles. The program provides hands-on education and courses that will increase the talent pool and offer pathways to high-paying technical roles. The efforts will help strengthen the domestic supply chain and U.S. manufacturing base while serving the region and state to help expand residential and commercial fiber densification efforts.

Amazon’s investments in North Carolina have created more than 26,000 jobs across the state. This multibillion-dollar agreement with Corning continues that commitment, channeling investment into American manufacturing and creating 1,000 new jobs at their facilities near our data centers, said Matt Garman, CEO of AWS.

Investing in North Carolina

This agreement with Corning is in addition to Amazon’s plans, announced last year, to invest $10 billion in North Carolina to expand cloud computing infrastructure. It builds on the more than $20 billion Amazon has invested in North Carolina since 2010, creating over 26,000 jobs spanning logistics, cloud infrastructure, and renewable energy across the Tar Heel State.

Every day, North Carolina is proving that American manufacturing and cutting-edge technology go hand in hand. This multibillion-dollar agreement, between Amazon and Corning, will create 1,000 family-sustaining jobs for hardworking North Carolinians while also strengthening the critical infrastructure of the U.S. supply chain. This partnership further proves that North Carolina is the number one state in the country for American businesses to invest, build, and grow. As a leading voice in the Senate for workforce development and American manufacturing, I am proud that we are continuing to capitalize on that momentum in North Carolina, said U.S. Senator Ted Budd.

Powering data centers, creating jobs, and fueling economic growth

Amazon’s data centers power the services millions of people and businesses rely on every day, from hospitals and emergency services to streaming entertainment and AI innovation. Corning’s fiber optics are a critical part of that infrastructure, and together, these investments help fuel the U.S. economic engine.

For 175 years, Corning has pioneered the technologies that connect people and transform industries. Amazon’s investment will help us expand production, create 1,000 new advanced manufacturing jobs at our facilities, and lead the way toward building a resilient U.S. manufacturing base, said Wendell Weeks, chairman, CEO, and president of Corning.

Amazon’s long-term commitment to North Carolina goes beyond direct investments and jobs created in the state. Through workforce development, Career Choice, and upskilling programs, Amazon has already provided practical training for nearly 7,000 people in North Carolina, helping to open new pathways for higher-paying jobs and fulfilling careers.

In the last decade, Amazon has contributed more than $72 million to charities and organizations supporting local needs across North Carolina, with $10 million provided in 2025 alone to 26 local community partners. This includes contributions like $1.5 million to enhance public safety services for southeastern Hamlet and surrounding Richmond County communities by funding a new fire substation that is expected to lower emergency response times and homeowner insurance premiums.

Matt Garman, CEO of AWS

Amazon’s investments in North Carolina have created more than 26,000 jobs across the state. This multibillion-dollar agreement with Corning continues that commitment, channeling investment into American manufacturing and creating 1,000 new jobs at their facilities near our data centers,

U.S. Senator Ted Budd

Every day, North Carolina is proving that American manufacturing and cutting-edge technology go hand in hand. This multibillion-dollar agreement, between Amazon and Corning, will create 1,000 family-sustaining jobs for hardworking North Carolinians while also strengthening the critical infrastructure of the U.S. supply chain. This partnership further proves that North Carolina is the number one state in the country for American businesses to invest, build, and grow. As a leading voice in the Senate for workforce development and American manufacturing, I am proud that we are continuing to capitalize on that momentum in North Carolina,

Wendell Weeks, chairman, CEO, and president of Corning

For 175 years, Corning has pioneered the technologies that connect people and transform industries. Amazon’s investment will help us expand production, create 1,000 new advanced manufacturing jobs at our facilities, and lead the way toward building a resilient U.S. manufacture

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GBP/USD Forecast: Strong US Manufacturing Data Lifts the US Dollar

Modified: Tuesday, 2 June 2026 22:01 BST

– Written by


David Woodsmith

STORY LINK GBP/USD Forecast: Strong US Manufacturing Data Lifts the US Dollar

The Pound US Dollar (GBP/USD) exchange rate fell on Monday as escalating tensions in the Middle East and stronger-than-expected US data lifted the safe-haven ‘Greenback’.

At the time of writing, GBP/USD was trading at $1.3421, down more than 0.2% on the day.

The safe-haven US Dollar (USD) strengthened on Monday as a deterioration in market sentiment drove investors towards safer assets.

The latest bout of risk aversion followed an exchange of strikes between the US and Iran over the weekend. Iran subsequently accused the US and Israel of breaching the ceasefire agreement and stated that it would withdraw from peace talks until Israel halted its attacks on Lebanon.

Meanwhile, the currency also drew support from upbeat US economic data. The latest ISM manufacturing PMI showed that factory activity accelerated more sharply than expected in May, with the index rising from 52.7 to 54, beating forecasts of 53.

Meanwhile, the increasingly risk-sensitive Pound (GBP) weakened against its safer peers as the market mood soured.

Sterling had initially edged higher in the morning after the UK’s latest manufacturing PMI showed activity climbing to a four-year high in May. The survey also reported rising input price inflation, which fuelled expectations for further Bank of England (BoE) interest rate hikes.

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While this may have helped to limit the Pound’s losses, domestic political uncertainty may have dented GBP. On Monday, the government published documents relating to the controversial appointment of Peter Mandelson as ambassador to the US, with the UK’s febrile political atmosphere potentially unnerving investors.

Near-Term GBP/USD Forecast: Could BoE Comments Boost Sterling?

Looking ahead, UK economic data is limited on Tuesday. However, BoE policymaker Megan Greene is due to speak in the afternoon. As Greene is considered one of the more hawkish members of the Monetary Policy Committee, Sterling could strengthen if she argues in favour of higher interest rates.

Tuesday will also see the publication of the latest US Job Openings and Labor Turnover Survey (JOLTS). The data is expected to show a marginal decline in job openings in April, which may have only a muted impact on the US Dollar. However, any surprises could spark sharper movement.

Elsewhere, developments in the Middle East could inject volatility into GBP/USD by influencing risk appetite. Hopes of peace may lift market sentiment and potentially support the Pound, while a fresh escalation in tensions would likely sour the mood and bolster the safe-haven US Dollar.

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