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Manufacturing PMI® at 48.4%; December 2022 Manufacturing ISM® Report On Business®

Fastener News Desk

With Business Survey Committee panelists reporting softening new order rates over the previous seven months, the December composite index reading reflects companies’ slowing their output. “Overall, supply chain conditions have stabilized tremendously since the fourth quarter of 2021. ” [Miscellaneous Manufacturing].

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Manufacturing PMI® at 52.8%; July 2022 Manufacturing ISM® Report On Business®

Fastener News Desk

The Employment Index contracted for the third month in a row after expanding for eight straight months ( September 2021 through April), but panelists again indicated month-over-month improvement in hiring ability in July. Consumption (measured by the Production and Employment indexes) was mixed during the period, with a combined positive 1.2-percentage