Manufacturing PMI® at 47.8%; February 2024 Manufacturing ISM® Report On Business®

New Orders; Backlogs Contracting; Production; Employment Contracting; Supplier Deliveries Slowing; Raw Materials Inventories Contracting; Customers’ Inventories Too Low; Prices Increasing; Exports and Imports Growing TEMPE, Ariz., March 1, 2024 /PRNewswire/ — Economic activity in the manufacturing sector contracted in February for the 16th consecutive month following one month of “unchanged” status (a PMI® reading of 50 percent) and … Read more

Software can enable Digital Euro offline payments on existing devices ensuring common access

DUBLIN, Jan. 25, 2024 /PRNewswire/ — Reliance on new devices can greatly restrict Digital Euro access and can exclude a large proportion of citizens who do not use contactless devices. Back in May 2023, “Project Polaris: Handbook for offline CBDC payments” released by the Bank of International Settlements stated that: “Secure elements are relatively expensive and … Read more