Wednesday, July 5, 2023 · Jeff Berman
After a run of positive growth extending more than two years, the manufacturing sector is on an extended downturn, with output falling for the 8th consecutive month in May.
Wednesday, June 21, 2023 · Brian Straight
Manufacturers are feeling pressure to speed new product innovation, increasingly turning to technology to overcome traditional barriers.
Thursday, June 1, 2023 · Jeff Berman
The report’s key metric, the PMI, registered a 46.9 reading (a reading of 50 or higher indicates growth), falling 0.2% off of April’s 47.1 reading.
Tuesday, May 9, 2023 · Jeff Berman
While growth is expected to remain in the cards, for the manufacturing and services sectors, over the balance of 2023, it is no longer set to expand at the same rates as were previously indicated, according to the “Spring 2023 Semiannual Economic Forecast,” which was…
Monday, May 1, 2023 · Jeff Berman
The report’s key metric, the PMI, came at 47.1 (a reading of 50 or higher indicates growth), marking a slight 0.8% gain over March’s 46.3, while contracting, at a slower rate, for the sixth consecutive month. The past six months of contraction, through April, were preceded…
Tuesday, April 25, 2023 · Jonathan Civita
With no sign of slowing, the trend to reshore or nearshore sourcing and production is shifting investment decisions in warehousing, logistics and manufacturing.
Monday, April 3, 2023 · Jeff Berman
The report’s key metric, the PMI, at 46.3 (a reading of 50 or higher indicates growth), was down 1.4% compared to February, contracting, at a faster rate, for the fifth consecutive month.
Wednesday, March 22, 2023 · SCMR Staff
The International Federation of Robotics says automotive accounts for one-third of all robots installed across all industries.
Wednesday, March 1, 2023 · Jeff Berman
The report’s key metric, the PMI, at 47.7 (a reading of 50 or higher indicates growth), eked out a 0.3% increase, from January to February, contracting, at a slower rate, for the fourth consecutive month. The last four months of contraction, through February, were preceded…
Monday, February 13, 2023 · Abhinav Agrawal and Rob Sterner
Sustained labor cost advantages in Asia complicates the reshoring equation, but a smart factory that offers worker productivity improvements of three-to-five times that of foreign workers makes it financially viable.
Wednesday, February 1, 2023 · Jeff Berman
The report’s key metric, the PMI, at 47.4 (a reading of 50 or higher indicates growth), down 1.0% from December’s 48.4, contracting, at a faster rate, for the third consecutive month. The last three months of contraction, through January, were preceded by a stretch of 29…
Wednesday, January 4, 2023 · Jeff Berman
The ISM report’s key metric, the PMI, came in at 48.4 (a reading of 50 or higher indicates growth), down 0.6% from November’s 49.0, contracting, at a faster rate, for the second consecutive month. The last two months of contraction were preceded by a stretch of 29…
Monday, December 19, 2022 · Jeff Berman
For manufacturing, ISM is estimating a 5.5% revenue gain in 2023, falling short of its 6.5% estimate from its predecessor report in May and its 9.2% 2022 growth rate. ISM member panelists are calling for 2023 services-based economy revenues to see a 3.1% gain in 2023, topping…
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