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Manufacturing PMI® at 47.6%; August 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

Sentiment improved regarding manufacturing lead times, although they remain at elevated levels. “Of the six biggest manufacturing industries, three — Transportation Equipment; Food, Beverage & Tobacco Products; and Petroleum & Coal Products — registered growth in August. Unclear if this is an inventory correction.

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Manufacturing’s Automated and Digital Future

Fabricating & Metal Work

ISM’s Report on Business panelists reported: “slowed hiring activity; month-over-month supplier delivery performance was the best since December 2019; prices growth slowed notably (with the index at 60 percent or lower) for the third consecutive month; and lead times continue to ease for capital equipment and production materials,” said Timothy R.

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Manufacturing PMI® at 47.1%; April 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

Supply chains are prepared and eager for growth, as panelists’ comments support reduced lead times for their more important purchases. Lead times are generally coming down, although electronic components are still a concern.” ” [Food, Beverage & Tobacco Products] “Business is steady.

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Manufacturing PMI® at 46%; June 2023 Manufacturing ISM® Report On Business®

Fastener News Desk

Manufacturing lead times improved again but remain at elevated levels. ” [Food, Beverage & Tobacco Products] “Markets are stabilizing in the second quarter of 2023 and appear to be trending downward for most commodity chemicals; however, demand versus supply has shifted to customers’ favor.”