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Take a look at this development! 👏 Economic activity in the manufacturing sector expanded in March after contracting for 16 consecutive months, say the nation's supply executives in the latest Manufacturing ISM Report On Business. The U.S. manufacturing sector moved into expansion for the first time since September 2022. Demand was positive, output strengthened and inputs remained accommodative. Of the six biggest manufacturing industries, four — Food, Beverage & Tobacco Products; Fabricated Metal Products; Chemical Products; and Transportation Equipment, which account for a combined 54 percent of manufacturing gross domestic product (GDP) — registered growth in March. Read more: https://hubs.la/Q02tr8dS0 #engineering #manufacturing #steel #steelalloys #metals #heating #casting #foundry #inductionheating #melting #Inductotherm

In May, the manufacturing sector experienced a second consecutive month of contraction, marking the 18th contraction in the last 19 months, according to the latest Manufacturing ISM® Report On Business®. The Manufacturing PMI® registered 48.7 percent, down slightly from April's 49.2 percent. Key highlights include: New Orders Index: Fell to 45.4 percent, indicating a deeper contraction. Production Index: Slightly decreased to 50.2 percent. Prices Index: Dropped to 57 percent, though still indicating price increases. Backlog of Orders Index: Declined to 42.4 percent. Employment Index: Improved to 51.1 percent, showing growth. Supplier Deliveries Index: Remained steady at 48.9 percent. Inventories Index: Decreased marginally to 47.9 percent. New Export Orders Index: Increased to 50.6 percent. Imports Index: Continued growing, albeit at a slower rate, at 51.1 percent. Overall, demand remained soft, output stable, and inputs accommodating. Investments and supplier commitments were restrained due to current economic conditions. Some manufacturing sectors reported growth, including Printing & Related Support Activities and Petroleum & Coal Products, while others like Wood Products and Machinery faced contraction. https://ow.ly/V3Gy50S7hfg

Economic activity in the manufacturing sector expanded in March after contracting for 16 consecutive months, say the nation's supply executives in the latest Manufacturing ISM Report On Business. 👏 The U.S. manufacturing sector moved into expansion for the first time since September 2022. Demand was positive, output strengthened and inputs remained accommodative. Of the six biggest manufacturing industries, four — Food, Beverage & Tobacco Products; Fabricated Metal Products; Chemical Products; and Transportation Equipment, which account for a combined 54 percent of manufacturing gross domestic product (GDP) — registered growth in March. Read more: https://hubs.la/Q02s-3QV0 #manufacturer #bostoncenterless #manufacturing #contractmanufacturing #machining #manufacturers #manufacturingindustry #industrial #industrialmanufacturing

Economic activity in the manufacturing sector contracted in June for the third consecutive month and the 19th time in the last 20 months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. - New Orders and Backlogs Contracting - Production and Employment Contracting - Supplier Deliveries Faster - Raw Materials Inventories Contracting - Customers’ Inventories Too Low - Prices Increasing - Exports and Imports Contracting #electronics #manufacturing #SupplyChain https://lnkd.in/e3ENbQM2

The latest report on the U.S. manufacturing sector shows that the industry continued to shrink in June. This marks the third month in a row of decline and the 19th time in the last 20 months. The Manufacturing PMI®, a key indicator, was 48.5 percent in June, slightly down from 48.7 percent in May. Any number below 50 indicates a contraction in the manufacturing sector. Here are the key points from the report: New Orders Index: Improved a bit to 49.3 percent, up from 45.4 percent in May. Production Index: Dropped to 48.5 percent from 50.2 percent in May. Prices Index: Fell to 52.1 percent from 57 percent in May, indicating that prices increased but at a slower rate. Backlog of Orders Index: Decreased to 41.7 percent from 42.4 percent in May. Employment Index: Went down to 49.3 percent from 51.1 percent in May, suggesting fewer people were hired. Supplier Deliveries Index: Registered 49.8 percent, up slightly from 48.9 percent in May. A lower number means faster deliveries. Inventories Index: Decreased to 45.4 percent from 47.9 percent in May, showing that inventories were shrinking. New Export Orders Index: Dropped to 48.8 percent from 50.6 percent in May. Imports Index: Fell to 48.5 percent from 51.1 percent in May. Overall, U.S. manufacturing continued to shrink due to weak demand and reduced production. Companies were reluctant to invest in new equipment and inventory, leading to lower production and fewer hires. However, suppliers had enough capacity to meet future demands, and shortages were less severe. Eight industries reported growth in June, including Printing, Petroleum, Primary Metals, Furniture, Paper, Chemicals, Miscellaneous Manufacturing, and Nonmetallic Mineral Products. On the other hand, nine industries reported contraction, including Textile Mills, Machinery, Fabricated Metal Products, Wood Products, Transportation Equipment, Plastics & Rubber Products, Food, Beverage & Tobacco Products, Electrical Equipment, and Computer & Electronic Products.

Manufacturing orders dropped in April for the first time this year. S&P’s Global PMI was 50.0 in April vs. 51.9 in March – a modest drop. Inflated input prices were a concern for #manufacturers, particularly for steel, aluminum, plastics, and oil. However, experts indicate that the industry is on a strong trajectory and in the early stages of a #growth cycle. Additionally, #employment was up by 1.2 percentage points, remaining stable and showing potential to expand. #economy #manufacturing https://lnkd.in/eXxUdthk

In April, U.S. manufacturing dipped slightly after showing a hint of growth in March. However, areas like chemical products and mineral production still performed well, indicating a mixed but ongoing recovery. #Manufacturing #EconomicRecovery #BusinessTrends https://lnkd.in/gtNyA7Dv

The ISM Manufacturing PMI® continues to indicate contraction in the U.S. industrial sector. The index, which has been below the 50-neutral mark for 16 months, dropped 1.3 points to 47.8% in February, meaning the rate of contraction accelerated. According to ISM, new orders and backlogs contracted as did production and employment. Both exports and imports expanded. Supplier deliveries are slowing, raw materials inventories contracted, and customers’ inventories were reported as “too low”. Manufacturers experienced rising prices. Of the 17 manufacturing industries tracked, 8 reported growth – Apparel, Leather & Allied Products; Nonmetallic Mineral Products; Primary Metals; Plastics & Rubber Products; Fabricated Metal Products; Chemical Products; Miscellaneous Manufacturing; and Transportation Equipment.

Manufacturing production edged up 0.1% in December, easing from the 0.2% gain in November. Nondurable goods production increased 0.6% in December, but output among durable goods firms fell 0.4%. On a year-over-year basis, manufacturing production has risen just 1.2% since December 2022. In addition, manufacturing capacity utilization was unchanged at 77.1%. Overall, the manufacturers remain challenged, with output down 1.7% since its recent peak in April 2022. Capacity utilization has dropped 3.6% over that time frame.   Total industrial production also inched up by 0.1% in December after being flat in November. Mining production grew 0.9% in December, but output in the utilities sector declined 1.0%. .On a year-over-year basis, industrial production increased 1.0%, and total capacity utilization was unchanged at 78.6%.   December’s report included mixed results for manufacturing production data. Sectors with increased output for the month included petroleum and coal products (up 2.2%), motor vehicles and parts (up 1.6%), furniture and related products (up 1.3%), food, beverage and tobacco products (up 0.8%) and plastics and rubber products (up 0.7%), among others. At the other end of the spectrum, sectors with notable reductions in production in December included electrical equipment and appliances (down 2.4%), wood products (down 1.9%), paper (down 1.3%), machinery (down 1.2%) and fabricated metal products (down 1.1%).     On a year-over-year basis, nine sectors experienced growth in manufacturing production. Those included petroleum and coal products (up 8.0%), computer and electronic products (up 7.9%), aerospace and miscellaneous transportation equipment (up 5.4%), motor vehicles and parts (up 4.8%), primary metals (up 4.8%) and primary metals (up 4.2%). #manufacturing #production #capacity #economy https://lnkd.in/eHbPnA2m