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Manufacturing sector performance

Robot revolution sweeps China’s factory floors

SHENZHEN, China (AP) — In China’s factories, the robots are rising. For decades, manufacturers employed waves of young migrant workers from China’s countryside to work at countless factories in coastal provinces, churning out cheap toys, clothing and electronics that helped power the country’s economic ascent. Now, factories are rapidly replacing …

Argentine carmakers suspend staff as sales plunge

BUENOS AIRES, Argentina (AP) — Argentine automakers are reducing production and suspending factory workers as sales plunge because of a gathering storm of economic trouble. Most Argentine cars are exported to Brazil, where sales are down in a slowing economy. Meanwhile, a 23-percent peso devaluation so far this year puts …