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Manufacturing PMI® at 46.4%; July 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

In the last eight months, the Supplier Deliveries Index has recorded its eight lowest readings since March 2009 (43.2 The July composite index reading reflects companies continuing to manage outputs down as order softness continues. The Employment Index dropped further into contraction, registering 44.4 percent, down 3.7 percent, 0.3

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Manufacturing PMI® at 46.9%; May 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

percent recorded in April; this is the index’s lowest reading since March 2009 (43.2 The May composite index reading reflects companies continuing to manage outputs to better match demand for the first half of 2023 and prepare for growth in the late summer/early fall period. The Supplier Deliveries Index figure of 43.5

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K. Soundhar Rajhan, Chief Strategy Officer,  Lakshmi Machine Works Limited, shares highlights and insights from his more than five-decade journey with the iconic company

Dinesh Mishra

In 2009, after completing the Advanced Management Program at Harvard Business School, I moved to China to establish and head LMW’s greenfield project for manufacturing textile spinning machinery. In 1997, I relocated to Coimbatore to lead the supply chain management function as it evolved into an integrated discipline.